Charles Schwab (NYSE:SCHW) PT Raised to $74.00

Charles Schwab (NYSE:SCHW) had its target price lifted by stock analysts at Barclays from $64.00 to $74.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price target indicates a potential upside of 2.66% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Raymond James reduced their price target on shares of Charles Schwab from $76.00 to $73.00 in a report on Tuesday. Deutsche Bank Aktiengesellschaft lowered their target price on Charles Schwab from $77.00 to $76.00 in a report on Tuesday. Piper Sandler lifted their price target on Charles Schwab from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday. JMP Securities upped their price objective on Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a research note on Wednesday. Finally, Jefferies Financial Group cut their target price on Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $73.59.

Charles Schwab Trading Up 0.2 %

SCHW stock traded up $0.12 during mid-day trading on Wednesday, reaching $72.08. The company had a trading volume of 13,050,051 shares, compared to its average volume of 8,088,135. The company has a market capitalization of $128.19 billion, a PE ratio of 29.80, a price-to-earnings-growth ratio of 1.43 and a beta of 0.97. The firm has a 50 day moving average of $64.42 and a 200 day moving average of $69.49. Charles Schwab has a 12 month low of $48.66 and a 12 month high of $79.49. 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 (NYSE:SCHW) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. Charles Schwab’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 EPS. On average, equities analysts predict that Charles Schwab will post 3.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $61.96, for a total transaction of $557,640.00. Following the sale, the director now directly owns 567,057 shares of the company’s stock, valued at approximately $35,134,851.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Charles R. Schwab sold 67,386 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the sale, the chairman now owns 60,619,371 shares in the company, valued at approximately $3,946,927,245.81. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $61.96, for a total transaction of $557,640.00. Following the sale, the director now directly owns 567,057 shares in the company, valued at approximately $35,134,851.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 98,856 shares of company stock valued at $6,398,604 over the last 90 days. Insiders own 6.60% of the company’s stock.

Hedge Funds Weigh In On Charles Schwab

A number of large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of Charles Schwab by 4.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 72,306,560 shares of the financial services provider’s stock worth $5,230,657,000 after purchasing an additional 2,946,327 shares during the last quarter. Darsana Capital Partners LP boosted its stake in Charles Schwab by 200.0% during the second quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock worth $221,070,000 after buying an additional 2,000,000 shares during the last quarter. Mondrian Investment Partners LTD grew its holdings in Charles Schwab by 28,736.1% in the 1st quarter. Mondrian Investment Partners LTD now owns 1,485,637 shares of the financial services provider’s stock valued at $107,471,000 after buying an additional 1,480,485 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Charles Schwab in the 1st quarter worth $105,563,000. Finally, Westwood Holdings Group Inc. raised its holdings in shares of Charles Schwab by 231.2% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,498,929 shares of the financial services provider’s stock worth $108,433,000 after acquiring an additional 1,046,322 shares during the period. 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.