Charles Schwab (NYSE:SCHW) Given New $96.00 Price Target at Barclays

Charles Schwab (NYSE:SCHW) had its price target upped by Barclays from $95.00 to $96.00 in a research report released on Wednesday,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Several other research firms also recently weighed in on SCHW. Deutsche Bank Aktiengesellschaft lifted their target price on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday. Piper Sandler upped their target price on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods lifted their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Raymond James dropped their price objective on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Finally, Bank of America decreased their target price on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Charles Schwab presently has an average rating of “Hold” and an average target price of $83.83.

Charles Schwab Price Performance

Charles Schwab stock opened at $80.44 on Wednesday. The firm has a market capitalization of $143.15 billion, a PE ratio of 31.42, a price-to-earnings-growth ratio of 1.40 and a beta of 0.99. Charles Schwab has a 12-month low of $61.01 and a 12-month high of $83.35. The firm has a 50-day moving average price of $77.71 and a 200-day moving average price of $70.68. 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 (NYSE:SCHW) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5,190,822.51 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, equities research analysts forecast that Charles Schwab will post 3.16 EPS for the current year.

Insider Transactions at Charles Schwab

In other news, insider Nigel J. Murtagh sold 12,739 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the sale, the insider now owns 59,092 shares in the company, valued at approximately $4,796,497.64. The trade was a 17.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,391,674.38. The trade was a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,823 shares of company stock valued at $2,171,194. Corporate insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Capital Performance Advisors LLP purchased a new stake in shares of Charles Schwab during the third quarter valued at $25,000. Washington Trust Advisors Inc. increased its holdings in shares of Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 149 shares during the period. Prospera Private Wealth LLC purchased a new position in shares of Charles Schwab in the third quarter worth about $31,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Charles Schwab during the third quarter worth about $32,000. Finally, Planning Capital Management Corp purchased a new stake in Charles Schwab in the third quarter valued at approximately $33,000. 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.