Charles Schwab (NYSE:SCHW) Given Buy Rating at Truist Financial

Charles Schwab (NYSE:SCHW)‘s stock had its “buy” rating reissued by Truist Financial in a report issued on Wednesday,Benzinga reports. They currently have a $90.00 price target on the financial services provider’s stock, up from their prior price target of $86.00. Truist Financial’s price target suggests a potential upside of 12.00% from the stock’s current price.

A number of other analysts have also recently commented on SCHW. Wells Fargo & Company raised Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $89.00 to $93.00 in a research note on Wednesday. Cowen upped their price target on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Raymond James lowered their price target on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft increased their target price on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Bank of America lowered their target price on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $83.83.

Charles Schwab Price Performance

NYSE SCHW traded down $0.58 on Wednesday, hitting $80.36. 2,823,112 shares of the company were exchanged, compared to its average volume of 9,078,963. The firm has a 50 day moving average of $77.71 and a two-hundred day moving average of $70.68. The company has a market cap of $143.00 billion, a P/E ratio of 31.39, a P/E/G ratio of 1.40 and a beta of 0.99. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. Charles Schwab has a 1-year low of $61.01 and a 1-year high of $83.35.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5,190,822.51 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. On average, equities analysts predict that Charles Schwab will post 3.16 EPS for the current year.

Insider Transactions at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the sale, the insider now owns 18,069 shares in the company, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christopher V. Dodds sold 9,284 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $81.43, for a total transaction of $755,996.12. Following the completion of the sale, the director now owns 442,807 shares in the company, valued at $36,057,774.01. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,823 shares of company stock valued at $2,171,194. 6.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Charles Schwab

Several large investors have recently modified their holdings of SCHW. Washington Trust Advisors Inc. raised its stake in shares of Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 149 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Charles Schwab in the third quarter valued at $25,000. Prospera Private Wealth LLC bought a new stake in Charles Schwab in the third quarter valued at $31,000. Future Financial Wealth Managment LLC acquired a new position in shares of Charles Schwab during the third quarter valued at about $32,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of Charles Schwab during the third quarter valued at about $33,000. 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.