Charles Schwab (NYSE:SCHW) Receives “Market Outperform” Rating from JMP Securities

Charles Schwab (NYSE:SCHW)‘s stock had its “market outperform” rating restated by stock analysts at JMP Securities in a report released on Monday,Benzinga reports. They currently have a $94.00 price target on the financial services provider’s stock. JMP Securities’ price target would indicate a potential upside of 26.33% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. UBS Group increased their price target on Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Piper Sandler boosted their price objective on Charles Schwab from $74.00 to $80.00 in a research report on Thursday. Truist Financial reduced their target price on Charles Schwab from $85.00 to $84.00 and set a “buy” rating for the company in a report on Monday. Finally, TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and boosted their target price for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $85.56.

Charles Schwab Price Performance

Shares of Charles Schwab stock traded down $1.74 during trading on Monday, reaching $74.41. 2,214,730 shares of the stock traded hands, compared to its average volume of 9,272,472. The business has a fifty day simple moving average of $77.16 and a two-hundred day simple moving average of $76.67. Charles Schwab has a 52-week low of $61.01 and a 52-week high of $84.50. The company has a market capitalization of $134.95 billion, a price-to-earnings ratio of 24.89, a P/E/G ratio of 0.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same period last year, the company posted $0.74 earnings per share. Sell-side analysts expect that Charles Schwab will post 4.22 EPS for the current year.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of Charles Schwab stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total transaction of $268,101.60. Following the completion of the transaction, the insider now owns 57,818 shares in the company, valued at approximately $4,586,123.76. This trade represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 513,081 shares of company stock worth $41,903,066 over the last quarter. 6.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SCHW. Atwood & Palmer Inc. bought a new position in Charles Schwab during the first quarter valued at approximately $25,000. WFA Asset Management Corp acquired a new position in Charles Schwab in the 1st quarter valued at approximately $33,000. Murphy & Mullick Capital Management Corp acquired a new stake in Charles Schwab during the fourth quarter worth $38,000. Atala Financial Inc bought a new position in Charles Schwab during the fourth quarter worth about $41,000. Finally, Investors Research Corp grew its position in Charles Schwab by 75.2% in the first quarter. Investors Research Corp now owns 559 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 240 shares during the period. Hedge funds and other institutional investors 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.