Charles Schwab (NYSE:SCHW) PT Raised to $75.00 at Barclays

Charles Schwab (NYSE:SCHW) had its price objective increased by equities research analysts at Barclays from $74.00 to $75.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price objective suggests a potential upside of 3.45% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. Morgan Stanley boosted their price target on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Piper Sandler boosted their price target on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Citigroup boosted their price target on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, Raymond James lowered their price target on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a research note on Thursday, January 18th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $74.47.

Charles Schwab Trading Down 0.8 %

NYSE:SCHW opened at $72.50 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. Charles Schwab has a fifty-two week low of $45.65 and a fifty-two week high of $73.88. The stock’s 50-day moving average is $68.17 and its two-hundred day moving average is $62.82. The stock has a market cap of $128.76 billion, a PE ratio of 30.33, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01.

Charles Schwab (NYSE:SCHW) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. The company had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.49 billion. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The business’s revenue for the quarter was down 18.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.07 EPS. As a group, equities research analysts forecast that Charles Schwab will post 3.4 earnings per share for the current fiscal year.

Insider Transactions at Charles Schwab

In other news, CFO Peter B. Crawford sold 4,000 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $70.87, for a total value of $637,830.00. Following the completion of the transaction, the director now directly owns 581,457 shares in the company, valued at $41,207,857.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter B. Crawford sold 4,000 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the completion of the transaction, the chief financial officer now owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The disclosure for this sale can be found here. Insiders sold a total of 216,584 shares of company stock worth $14,200,769 over the last three months. 6.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Providence Capital Advisors LLC acquired a new position in shares of Charles Schwab in the third quarter valued at $28,000. Main Street Group LTD bought a new stake in Charles Schwab in the fourth quarter valued at $29,000. Sugarloaf Wealth Management LLC grew its position in Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 165 shares during the period. Frazier Financial Advisors LLC bought a new stake in Charles Schwab in the fourth quarter valued at $30,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of Charles Schwab during the fourth quarter worth $31,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

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.