Charles Schwab (NYSE:SCHW) Given New $105.00 Price Target at Deutsche Bank Aktiengesellschaft

Charles Schwab (NYSE:SCHW) had its target price raised by Deutsche Bank Aktiengesellschaft from $98.00 to $105.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

SCHW has been the topic of a number of other reports. Piper Sandler boosted their price objective on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. The Goldman Sachs Group increased their price objective on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Wells Fargo & Company decreased their target price on Charles Schwab from $90.00 to $89.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Citigroup cut their price target on shares of Charles Schwab from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Finally, Jefferies Financial Group lifted their price objective on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Charles Schwab currently has a consensus rating of “Hold” and an average price target of $83.83.

Charles Schwab Trading Down 0.6 %

Shares of NYSE:SCHW opened at $80.44 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market capitalization of $143.15 billion, a P/E ratio of 31.42, a P/E/G ratio of 1.40 and a beta of 0.99. The business’s 50-day moving average is $77.71 and its 200 day moving average is $70.68. Charles Schwab has a 1 year low of $61.01 and a 1 year high of $83.35.

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

Insider Activity at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the sale, the insider now directly owns 18,069 shares in the company, valued at $1,391,674.38. The trade was a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher V. Dodds sold 9,284 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the transaction, the director now owns 442,807 shares in the company, valued at $36,057,774.01. This trade represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,823 shares of company stock worth $2,171,194 in the last 90 days. Corporate insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SCHW. Washington Trust Advisors Inc. increased its stake in Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Charles Schwab during the third quarter worth approximately $25,000. Prospera Private Wealth LLC acquired a new position in Charles Schwab in the 3rd quarter valued at $31,000. Future Financial Wealth Managment LLC purchased a new position in Charles Schwab in the 3rd quarter valued at $32,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in Charles Schwab during the 3rd quarter worth $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.