Charles Schwab (NYSE:SCHW) Given New $122.00 Price Target at Barclays

Charles Schwab (NYSE:SCHW) had its price target decreased by stock analysts at Barclays from $127.00 to $122.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price points to a potential upside of 19.24% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Charles Schwab in a research note on Thursday, June 18th. UBS Group upped their target price on Charles Schwab from $119.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday. Keefe, Bruyette & Woods began coverage on Charles Schwab in a report on Wednesday, April 8th. They set an “outperform” rating and a $110.00 target price on the stock. TD Cowen lifted their price target on Charles Schwab from $108.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Argus set a $108.00 price target on Charles Schwab in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.89.

Charles Schwab Stock Up 0.6%

NYSE:SCHW opened at $102.32 on Thursday. The firm has a market capitalization of $177.94 billion, a P/E ratio of 20.26, a PEG ratio of 0.93 and a beta of 0.77. Charles Schwab has a 1-year low of $83.96 and a 1-year high of $107.50. The company’s fifty day moving average price is $91.18 and its 200-day moving average price is $95.27. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.62 and a quick ratio of 0.62.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, April 16th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.04. The firm had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $6.39 billion. Charles Schwab had a net margin of 37.99% and a return on equity of 23.05%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.04 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, equities research analysts anticipate that Charles Schwab will post 6.14 EPS for the current year.

Insiders Place Their Bets

In other Charles Schwab news, insider Paul V. Woolway sold 7,942 shares of the stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $98.00, for a total transaction of $778,316.00. Following the transaction, the insider directly owned 29,866 shares of the company’s stock, valued at $2,926,868. This trade represents a 21.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nigel J. Murtagh sold 41,297 shares of Charles Schwab stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $99.00, for a total transaction of $4,088,403.00. Following the completion of the sale, the insider owned 57,972 shares in the company, valued at approximately $5,739,228. This trade represents a 41.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 63,700 shares of company stock worth $6,283,211. Corporate insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

Institutional investors have recently bought and sold shares of the company. Dogwood Wealth Management LLC raised its holdings in shares of Charles Schwab by 99.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 123 shares during the last quarter. Piscataqua Savings Bank acquired a new stake in shares of Charles Schwab in the fourth quarter worth approximately $26,000. GoalVest Advisory LLC purchased a new stake in shares of Charles Schwab during the fourth quarter worth approximately $28,000. Beacon Financial Strategies CORP purchased a new stake in shares of Charles Schwab during the fourth quarter worth approximately $29,000. Finally, Scarborough Advisors LLC acquired a new position in Charles Schwab in the 1st quarter valued at $29,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

About Charles Schwab

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.