Charles Schwab (NYSE:SCHW) Price Target Raised to $96.00

Charles Schwab (NYSE:SCHW) had its price target hoisted by investment analysts at Barclays from $95.00 to $96.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price suggests a potential upside of 18.70% from the stock’s current price.

Several other research firms also recently commented on SCHW. Raymond James reduced their price objective on Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Jefferies Financial Group boosted their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Bank of America decreased their target price on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research note on Wednesday, October 16th. Redburn Partners lowered their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research note on Friday, January 17th. Finally, StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $83.47.

Charles Schwab Price Performance

Shares of SCHW opened at $80.88 on Wednesday. The company has a market capitalization of $143.93 billion, a P/E ratio of 31.59, a price-to-earnings-growth ratio of 1.40 and a beta of 0.99. Charles Schwab has a twelve month low of $61.01 and a twelve month high of $83.35. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average of $77.65 and a 200 day moving average of $70.62.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5,190,822.51 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. The company’s revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts anticipate that Charles Schwab will post 3.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Charles Schwab news, Director Christopher V. Dodds sold 9,284 shares of Charles Schwab stock in a transaction on Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the sale, the director now directly owns 442,807 shares in the company, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jonathan S. Beatty sold 2,300 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the sale, the insider now directly owns 18,069 shares in the company, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,823 shares of company stock worth $2,171,194. 6.60% of the stock is owned by corporate insiders.

Institutional Trading of Charles Schwab

Several hedge funds have recently modified their holdings of SCHW. Capital Performance Advisors LLP purchased a new position in Charles Schwab during the third quarter worth $25,000. Washington Trust Advisors Inc. lifted its holdings in Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after buying an additional 149 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in Charles Schwab during the 3rd quarter valued at about $31,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Charles Schwab in the 3rd quarter worth $32,000. Finally, Planning Capital Management Corp purchased a new stake in shares of Charles Schwab in the 3rd quarter worth $33,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

About Charles Schwab

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.