UBS Group Lowers Charles Schwab (NYSE:SCHW) Price Target to $90.00

Charles Schwab (NYSE:SCHW) had its price target cut by UBS Group from $91.00 to $90.00 in a report released on Tuesday, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Several other research firms have also recently commented on SCHW. Deutsche Bank Aktiengesellschaft cut their price target on Charles Schwab from $86.00 to $83.00 and set a buy rating on the stock in a research note on Thursday, May 23rd. Jefferies Financial Group boosted their price target on Charles Schwab from $85.00 to $88.00 and gave the stock a buy rating in a research note on Monday, July 8th. JMP Securities reiterated a market outperform rating and issued a $80.00 price target on shares of Charles Schwab in a research note on Tuesday, May 28th. JPMorgan Chase & Co. lowered their price objective on Charles Schwab from $89.00 to $81.00 and set an overweight rating for the company in a report on Friday, May 31st. Finally, Bank of America boosted their price objective on Charles Schwab from $68.00 to $70.00 and gave the company an underperform rating in a report on Tuesday, April 16th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $77.75.

Charles Schwab Trading Down 0.9 %

Shares of SCHW opened at $75.38 on Tuesday. The stock’s 50-day moving average is $74.30 and its two-hundred day moving average is $70.18. The stock has a market cap of $133.97 billion, a PE ratio of 31.54, a P/E/G ratio of 1.17 and a beta of 0.99. Charles Schwab has a 12 month low of $48.66 and a 12 month high of $79.49. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. The company had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Equities analysts forecast that Charles Schwab will post 3.21 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Insider Buying and Selling

In related news, CFO Peter B. Crawford sold 5,482 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $73.46, for a total value of $402,707.72. Following the completion of the transaction, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at approximately $4,449,251.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Charles Schwab news, CFO Peter B. Crawford sold 5,482 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was 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 directly owns 60,567 shares in the company, valued at $4,449,251.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $72.49, for a total value of $652,410.00. Following the completion of the sale, the director now owns 570,657 shares of the company’s stock, valued at $41,366,925.93. The disclosure for this sale can be found here. Insiders sold 658,663 shares of company stock valued at $48,997,146 in the last three months. 6.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Charles Schwab

Institutional investors have recently added to or reduced their stakes in the company. Country Trust Bank acquired a new stake in shares of Charles Schwab during the 2nd quarter valued at $26,000. Fortitude Family Office LLC lifted its position in shares of Charles Schwab by 97.5% during the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 192 shares during the last quarter. Tributary Capital Management LLC acquired a new stake in shares of Charles Schwab during the 1st quarter valued at $31,000. Sugarloaf Wealth Management LLC lifted its position in shares of Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 165 shares during the last quarter. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of Charles Schwab during the 4th quarter valued at $30,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

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.