Charles Schwab (NYSE:SCHW) Price Target Lowered to $82.00 at JMP Securities

Charles Schwab (NYSE:SCHW) had its price objective decreased by JMP Securities from $85.00 to $82.00 in a research report report published on Tuesday, Benzinga reports. JMP Securities currently has a market outperform rating on the financial services provider’s stock.

Several other analysts also recently commented on the company. StockNews.com downgraded Charles Schwab from a hold rating to a sell rating in a research note on Friday, May 24th. Jefferies Financial Group raised their target price on Charles Schwab from $85.00 to $88.00 and gave the company a buy rating in a research note on Monday, July 8th. TD Cowen restated a hold rating and issued a $71.00 target price (down from $88.00) on shares of Charles Schwab in a research note on Wednesday, July 17th. Citigroup lifted their price target on Charles Schwab from $70.00 to $75.00 and gave the company a neutral rating in a research note on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Charles Schwab from $84.00 to $79.00 and set a buy rating on the stock in a report on Wednesday, July 17th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Charles Schwab presently has a consensus rating of Hold and a consensus price target of $75.20.

Charles Schwab Trading Down 0.5 %

NYSE:SCHW traded down $0.35 during trading hours on Tuesday, hitting $64.79. 7,758,214 shares of the company were exchanged, compared to its average volume of 7,924,748. The company has a fifty day simple moving average of $72.87 and a 200 day simple moving average of $70.08. Charles Schwab has a one year low of $48.66 and a one year high of $79.49. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $115.15 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 1.21 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. Charles Schwab had a return on equity of 18.65% and a net margin of 26.30%. The firm had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.68 billion. During the same period last year, the company posted $0.75 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. Sell-side analysts expect that Charles Schwab will post 3.09 EPS for the current fiscal year.

Insider Buying and Selling at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $61.96, for a total transaction of $557,640.00. Following the sale, the director now owns 567,057 shares in the company, valued at $35,134,851.72. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction on Friday, July 19th. The shares were sold at an average price of $61.96, for a total transaction of $557,640.00. Following the transaction, the director now owns 567,057 shares in the company, valued at approximately $35,134,851.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bernard J. Clark sold 77,431 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the sale, the insider now directly owns 121,666 shares of the company’s stock, valued at approximately $8,630,986.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 469,989 shares of company stock valued at $35,107,213. Corporate insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

A number of hedge funds have recently modified their holdings of SCHW. Wealthsource Partners LLC grew its position in shares of Charles Schwab by 19.8% during the 4th quarter. Wealthsource Partners LLC now owns 5,516 shares of the financial services provider’s stock valued at $380,000 after acquiring an additional 912 shares during the period. CoreCap Advisors LLC boosted its holdings in Charles Schwab by 42.0% in the 4th quarter. CoreCap Advisors LLC now owns 5,797 shares of the financial services provider’s stock worth $399,000 after buying an additional 1,714 shares during the period. Raymond James & Associates boosted its holdings in Charles Schwab by 6.6% in the 4th quarter. Raymond James & Associates now owns 1,550,306 shares of the financial services provider’s stock worth $106,661,000 after buying an additional 95,886 shares during the period. CVA Family Office LLC bought a new position in Charles Schwab in the 4th quarter worth $42,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Charles Schwab by 10.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 874,216 shares of the financial services provider’s stock worth $60,146,000 after buying an additional 79,632 shares during the period. Institutional investors own 84.38% of the company’s stock.

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.