UBS Group Trims Charles Schwab (NYSE:SCHW) Target Price to $90.00

Charles Schwab (NYSE:SCHW) had its price target trimmed by UBS Group from $91.00 to $90.00 in a research note published on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the financial services provider’s stock.

Several other analysts have also issued reports on SCHW. StockNews.com lowered Charles Schwab from a hold rating to a sell rating in a report on Friday, May 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on Charles Schwab from $86.00 to $83.00 and set a buy rating on the stock in a research note on Thursday, May 23rd. Piper Sandler upped their price objective 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. dropped their price objective on Charles Schwab from $89.00 to $81.00 and set an overweight rating on the stock in a research note on Friday, May 31st. Finally, Jefferies Financial Group upped their price objective on Charles Schwab from $85.00 to $88.00 and gave the company a buy rating in a research note on Monday. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab currently has a consensus rating of Hold and an average target price of $77.75.

Charles Schwab Stock Up 1.9 %

SCHW stock opened at $76.07 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a market capitalization of $135.20 billion, a P/E ratio of 31.83, a P/E/G ratio of 1.13 and a beta of 0.99. The business has a 50-day moving average of $74.31 and a 200-day moving average of $70.14. Charles Schwab has a fifty-two week low of $48.66 and a fifty-two week high of $79.49.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. On average, sell-side analysts anticipate that Charles Schwab will post 3.25 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Thursday, May 9th. Charles Schwab’s dividend payout ratio is presently 41.84%.

Insider Buying and Selling at Charles Schwab

In other news, Director Mark A. Goldfarb sold 7,100 shares of the stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $70.86, for a total value of $503,106.00. Following the completion of the transaction, the director now directly owns 19,917 shares in the company, valued at approximately $1,411,318.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Mark A. Goldfarb sold 7,100 shares of the stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $70.86, for a total value of $503,106.00. Following the completion of the transaction, the director now directly owns 19,917 shares in the company, valued at approximately $1,411,318.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Charles R. Schwab sold 89,275 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $74.62, for a total value of $6,661,700.50. Following the completion of the transaction, the chairman now owns 30,641,981 shares of the company’s stock, valued at $2,286,504,622.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 658,663 shares of company stock valued at $48,997,146. 6.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Fortitude Family Office LLC raised its position in Charles Schwab by 97.5% during the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 192 shares during the last quarter. Sugarloaf Wealth Management LLC raised its position in Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 165 shares during the last quarter. Frazier Financial Advisors LLC bought a new position in shares of Charles Schwab in the 4th quarter worth about $30,000. Wetzel Investment Advisors Inc. bought a new position in shares of Charles Schwab in the 4th quarter worth about $31,000. Finally, Tributary Capital Management LLC bought a new position in shares of Charles Schwab in the 1st quarter worth about $31,000. 84.38% of the stock is owned by institutional investors.

About Charles Schwab

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.