Charles Schwab (NYSE:SCHW) PT Raised to $80.00 at Deutsche Bank Aktiengesellschaft

Charles Schwab (NYSE:SCHW) had its price objective boosted by Deutsche Bank Aktiengesellschaft from $79.00 to $80.00 in a research note issued to investors on Thursday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the financial services provider’s stock.

A number of other research firms have also recently commented on SCHW. Morgan Stanley lowered their price target on Charles Schwab from $73.00 to $71.00 and set an equal weight rating for the company in a report on Thursday, July 11th. Bank of America reduced their price target on shares of Charles Schwab from $72.00 to $66.00 and set an underperform rating on the stock in a research note on Wednesday, July 17th. StockNews.com lowered shares of Charles Schwab from a hold rating to a sell rating in a report on Friday, May 24th. TD Cowen restated a hold rating and issued a $71.00 target price (down previously from $88.00) on shares of Charles Schwab in a research report on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods upgraded Charles Schwab from a market perform rating to an outperform rating and increased their price target for the company from $76.00 to $84.00 in a research note on Monday, July 8th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Charles Schwab currently has a consensus rating of Hold and a consensus target price of $74.27.

Charles Schwab Stock Up 0.5 %

Charles Schwab stock opened at $65.55 on Thursday. The company’s 50-day moving average is $69.14 and its 200-day moving average is $70.02. The firm has a market capitalization of $116.58 billion, a PE ratio of 27.43, a P/E/G ratio of 1.23 and a beta of 0.99. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42. 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 released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The business had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same period last year, the firm posted $0.75 EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. Sell-side analysts anticipate that Charles Schwab will post 3.06 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.00 annualized dividend and a yield of 1.53%. Charles Schwab’s payout ratio is 41.84%.

Insider Transactions at Charles Schwab

In other Charles Schwab news, President Richard A. Wurster bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The shares were bought at an average price of $62.05 per share, for a total transaction of $620,500.00. Following the transaction, the president now directly owns 144,228 shares in the company, valued at $8,949,347.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Jonathan S. Beatty sold 780 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $75.00, for a total value of $58,500.00. Following the completion of the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,355,175. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Richard A. Wurster purchased 10,000 shares of the business’s stock in a transaction on Wednesday, July 17th. The stock was purchased at an average price of $62.05 per share, for a total transaction of $620,500.00. Following the acquisition, the president now owns 144,228 shares of the company’s stock, valued at approximately $8,949,347.40. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 172,911 shares of company stock valued at $11,836,288. Corporate insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

Several hedge funds and other institutional investors have recently modified their holdings of the company. Nelson Capital Management LLC increased its position in shares of Charles Schwab by 0.4% in the first quarter. Nelson Capital Management LLC now owns 37,726 shares of the financial services provider’s stock valued at $2,729,000 after acquiring an additional 141 shares during the period. Abbrea Capital LLC increased its holdings in Charles Schwab by 2.5% during the 1st quarter. Abbrea Capital LLC now owns 5,777 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 142 shares during the period. Sweet Financial Partners LLC lifted its holdings in Charles Schwab by 3.5% in the 1st quarter. Sweet Financial Partners LLC now owns 4,430 shares of the financial services provider’s stock worth $320,000 after buying an additional 150 shares during the period. Ironwood Financial llc grew its position in shares of Charles Schwab by 1.6% in the 1st quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock worth $737,000 after buying an additional 160 shares during the last quarter. Finally, Ascent Wealth Partners LLC increased its stake in shares of Charles Schwab by 0.7% during the second quarter. Ascent Wealth Partners LLC now owns 23,361 shares of the financial services provider’s stock valued at $1,721,000 after buying an additional 164 shares during the period. Institutional investors own 84.38% of the company’s stock.

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.