Charles Schwab (NYSE:SCHW) Given New $91.00 Price Target at UBS Group

Charles Schwab (NYSE:SCHW) had its target price boosted by equities research analysts at UBS Group from $87.00 to $91.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. UBS Group’s price objective would indicate a potential upside of 25.15% from the company’s previous close.

A number of other research firms have also recently commented on SCHW. JPMorgan Chase & Co. lifted their price target on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft increased their price target on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. JMP Securities reaffirmed a “market outperform” rating and issued a $80.00 price objective on shares of Charles Schwab in a research report on Tuesday, April 16th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Finally, Barclays lifted their price objective on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Charles Schwab presently has an average rating of “Hold” and an average price target of $75.00.

Charles Schwab Price Performance

Shares of SCHW traded down $2.56 during mid-day trading on Thursday, reaching $72.71. The stock had a trading volume of 3,213,940 shares, compared to its average volume of 7,490,168. The firm has a market cap of $129.23 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 1.15 and a beta of 0.98. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The business has a fifty day moving average of $73.39 and a 200 day moving average of $67.01. Charles Schwab has a 12 month low of $48.66 and a 12 month high of $79.49.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. The company had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. Equities analysts predict that Charles Schwab will post 3.4 EPS for the current year.

Insider Buying and Selling

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $78.41, for a total value of $705,690.00. Following the transaction, the director now directly owns 574,257 shares of the company’s stock, valued at $45,027,491.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Charles Schwab news, Chairman Charles R. Schwab sold 89,275 shares of Charles Schwab stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $74.62, for a total value of $6,661,700.50. Following the completion of the transaction, the chairman now owns 30,641,981 shares of the company’s stock, valued at $2,286,504,622.22. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $78.41, for a total transaction of $705,690.00. Following the completion of the transaction, the director now owns 574,257 shares in the company, valued at $45,027,491.37. The disclosure for this sale can be found here. Over the last three months, insiders have sold 622,536 shares of company stock valued at $46,208,155. Insiders own 6.60% of the company’s stock.

Institutional Trading of Charles Schwab

Several hedge funds have recently made changes to their positions in SCHW. WealthPlan Investment Management LLC bought a new stake in shares of Charles Schwab in the 3rd quarter worth approximately $1,458,000. Private Advisor Group LLC boosted its position in shares of Charles Schwab by 9.0% in the third quarter. Private Advisor Group LLC now owns 104,479 shares of the financial services provider’s stock worth $5,736,000 after buying an additional 8,643 shares during the period. Larson Financial Group LLC grew its holdings in shares of Charles Schwab by 522.3% during the third quarter. Larson Financial Group LLC now owns 2,234 shares of the financial services provider’s stock valued at $123,000 after buying an additional 1,875 shares in the last quarter. NBC Securities Inc. acquired a new position in Charles Schwab during the third quarter valued at $909,000. Finally, Achmea Investment Management B.V. lifted its stake in Charles Schwab by 64.5% in the 3rd quarter. Achmea Investment Management B.V. now owns 88,583 shares of the financial services provider’s stock worth $4,863,000 after acquiring an additional 34,749 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Company Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.