Deutsche Bank Aktiengesellschaft Increases Charles Schwab (NYSE:SCHW) Price Target to $80.00

Charles Schwab (NYSE:SCHW) had its target price raised by Deutsche Bank Aktiengesellschaft from $79.00 to $80.00 in a research report sent to investors on Thursday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the financial services provider’s stock.

SCHW has been the topic of a number of other research reports. Piper Sandler lowered shares of Charles Schwab from an overweight rating to a neutral rating and cut their price target for the company from $80.00 to $64.00 in a research note on Monday, July 29th. JMP Securities reduced their target price on shares of Charles Schwab from $85.00 to $82.00 and set a market outperform rating for the company in a research note on Tuesday, July 23rd. Bank of America dropped their price target on Charles Schwab from $72.00 to $66.00 and set an underperform rating on the stock in a research note on Wednesday, July 17th. UBS Group reduced their price objective on Charles Schwab from $91.00 to $90.00 and set a buy rating for the company in a research report on Tuesday, July 9th. Finally, Barclays dropped their target price on Charles Schwab from $77.00 to $68.00 and set an equal weight rating on the stock in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $74.27.

Charles Schwab Trading Up 0.2 %

Shares of SCHW stock traded up $0.15 on Thursday, hitting $65.38. The stock had a trading volume of 1,981,091 shares, compared to its average volume of 8,003,462. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. Charles Schwab has a twelve month low of $48.66 and a twelve month high of $79.49. The company has a fifty day moving average price of $69.31 and a two-hundred day moving average price of $69.92. The firm has a market cap of $116.27 billion, a P/E ratio of 27.29, a PEG ratio of 1.18 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last posted its earnings results 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. The firm had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.68 billion. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share. As a group, analysts forecast that Charles Schwab will post 3.06 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Friday, August 9th. Charles Schwab’s dividend payout ratio is currently 41.84%.

Insider Transactions at Charles Schwab

In other news, President Richard A. Wurster bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was acquired at an average cost of $62.05 per share, for a total transaction of $620,500.00. Following the purchase, the president now owns 144,228 shares of the company’s stock, valued at approximately $8,949,347.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Jonathan S. Beatty sold 780 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $75.00, for a total transaction of $58,500.00. Following the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,355,175. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Richard A. Wurster purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The stock was bought at an average price of $62.05 per share, for a total transaction of $620,500.00. Following the transaction, the president now directly owns 144,228 shares of the company’s stock, valued at approximately $8,949,347.40. The disclosure for this purchase can be found here. Insiders have sold 181,911 shares of company stock worth $12,541,978 in the last ninety days. Insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

A number of large investors have recently modified their holdings of the business. Country Trust Bank acquired a new stake in shares of Charles Schwab during the second quarter valued at about $26,000. Fortitude Family Office LLC increased its stake in shares of Charles Schwab by 97.5% in the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after buying an additional 192 shares during the period. American Capital Advisory LLC bought a new position in Charles Schwab in the 2nd quarter valued at approximately $27,000. CGC Financial Services LLC acquired a new stake in Charles Schwab during the 2nd quarter worth approximately $29,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in Charles Schwab during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds 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.