Charles Schwab (NYSE:SCHW) Price Target Raised to $75.00

Charles Schwab (NYSE:SCHW) had its target price increased by Barclays from $74.00 to $75.00 in a research note published on Tuesday, Benzinga reports. The brokerage currently has an equal weight rating on the financial services provider’s stock.

A number of other analysts have also issued reports on SCHW. StockNews.com upgraded shares of Charles Schwab from a sell rating to a hold rating in a research report on Friday, March 15th. Bank of America lifted their price target on Charles Schwab from $68.00 to $70.00 and gave the company an underperform rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Charles Schwab from $75.00 to $77.00 and gave the company a buy rating in a research note on Tuesday, March 19th. TD Cowen upgraded shares of Charles Schwab from a market perform rating to an outperform rating and set a $87.00 price target on the stock in a report on Friday, March 22nd. Finally, Raymond James cut their target price on Charles Schwab from $78.00 to $75.00 and set an outperform rating on the stock in a research report on Thursday, January 18th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $74.47.

Charles Schwab Stock Up 0.7 %

Shares of NYSE SCHW opened at $73.42 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The firm’s 50-day moving average is $68.58 and its two-hundred day moving average is $63.02. Charles Schwab has a 12-month low of $45.65 and a 12-month high of $73.88. The company has a market capitalization of $130.40 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 1.06 and a beta of 1.01.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The company had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.49 billion. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The business’s revenue for the quarter was down 18.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.07 earnings per share. Equities analysts anticipate that Charles Schwab will post 3.43 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.36%. Charles Schwab’s dividend payout ratio is presently 41.84%.

Insider Buying and Selling

In related news, CFO Peter B. Crawford sold 5,482 shares of Charles Schwab stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $73.46, for a total value of $402,707.72. Following the completion of the sale, the chief financial officer now owns 60,567 shares in the company, valued at $4,449,251.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total value of $257,960.00. Following the completion of the transaction, the chief financial officer now owns 37,611 shares in the company, valued at approximately $2,425,533.39. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Peter B. Crawford sold 5,482 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $73.46, for a total transaction of $402,707.72. Following the sale, the chief financial officer now owns 60,567 shares of the company’s stock, valued at approximately $4,449,251.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 312,800 shares of company stock worth $21,081,569. 6.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Charles Schwab

Institutional investors have recently modified their holdings of the business. Dodge & Cox grew its holdings in shares of Charles Schwab by 10.5% during the fourth quarter. Dodge & Cox now owns 86,421,986 shares of the financial services provider’s stock valued at $5,945,833,000 after purchasing an additional 8,182,467 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Charles Schwab by 33.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock worth $4,771,985,000 after acquiring an additional 17,369,091 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Charles Schwab by 4.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock worth $2,132,454,000 after acquiring an additional 1,219,015 shares during the period. Geode Capital Management LLC lifted its position in Charles Schwab by 1.5% in the 1st quarter. Geode Capital Management LLC now owns 27,050,168 shares of the financial services provider’s stock valued at $1,413,244,000 after purchasing an additional 391,238 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of Charles Schwab by 62.5% during the fourth quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock worth $1,853,005,000 after buying an additional 8,563,389 shares during the period. 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.