JMP Securities Reiterates “Market Outperform” Rating for Charles Schwab (NYSE:SCHW)

JMP Securities reissued their market outperform rating on shares of Charles Schwab (NYSE:SCHW) in a research report released on Tuesday, Benzinga reports. The brokerage currently has a $80.00 price objective on the financial services provider’s stock.

A number of other research analysts have also weighed in on the stock. Bank of America boosted their target price on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an underperform rating in a research report on Tuesday. Piper Sandler increased their target price on Charles Schwab from $75.00 to $78.00 and gave the company an overweight rating in a research note on Friday, April 12th. JPMorgan Chase & Co. raised their target price on Charles Schwab from $86.00 to $89.00 and gave the company an overweight rating in a report on Tuesday. Barclays upped their price target on Charles Schwab from $74.00 to $75.00 and gave the stock an equal weight rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Charles Schwab from $75.00 to $76.00 and gave the stock a market perform rating in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $74.47.

Charles Schwab Stock Up 0.7 %

SCHW opened at $73.42 on Tuesday. Charles Schwab has a twelve month low of $45.65 and a twelve month high of $73.88. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The business has a 50 day moving average price of $68.58 and a 200 day moving average price of $63.02. The firm has a market cap of $130.40 billion, a P/E ratio of 30.72, a price-to-earnings-growth ratio of 1.06 and a beta of 1.01.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The business had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.49 billion. During the same period in the previous year, the company earned $1.07 earnings per share. Charles Schwab’s revenue for the quarter was down 18.9% on a year-over-year basis. Research analysts forecast that Charles Schwab will post 3.43 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.36%. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

Insider Buying and Selling

In other Charles Schwab news, CFO Peter B. Crawford sold 5,482 shares of Charles Schwab stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $73.46, for a total transaction of $402,707.72. Following the sale, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at $4,449,251.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the completion of the transaction, the chief financial officer now directly owns 37,611 shares in the company, valued at $2,425,533.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Peter B. Crawford sold 5,482 shares of Charles Schwab stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $73.46, for a total value of $402,707.72. Following the transaction, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at $4,449,251.82. The disclosure for this sale can be found here. Insiders sold 312,800 shares of company stock valued at $21,081,569 over the last quarter. Corporate insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

A number of hedge funds have recently made changes to their positions in SCHW. Providence Capital Advisors LLC bought a new stake in Charles Schwab during the third quarter worth about $28,000. Main Street Group LTD bought a new position in shares of Charles Schwab in the fourth quarter valued at approximately $29,000. Sugarloaf Wealth Management LLC boosted its holdings in shares of Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 165 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in Charles Schwab during the 4th quarter worth approximately $30,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in Charles Schwab during the 4th quarter valued at $31,000. 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.