Charles Schwab (NYSE:SCHW) Stock Keeps Market Outperform Rating at Citizens Jmp

Charles Schwab (NYSE:SCHW)‘s stock had its “market outperform” rating restated by investment analysts at Citizens Jmp in a note issued to investors on Friday, Benzinga reports. They presently have a $120.00 target price on the financial services provider’s stock. Citizens Jmp‘s price objective suggests a potential upside of 31.93% from the company’s current price.

A number of other equities research analysts have also recently commented on SCHW. Wolfe Research reissued an “outperform” rating and issued a $127.00 target price (up from $123.00) on shares of Charles Schwab in a research note on Tuesday, July 21st. Compass Point began coverage on Charles Schwab in a research note on Monday, August 3rd. They issued a “buy” rating and a $135.00 target price on the stock. Jefferies Financial Group set a $120.00 target price on Charles Schwab in a research note on Friday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Charles Schwab in a research note on Wednesday, July 22nd. Finally, Raymond James Financial reissued an “outperform” rating and issued a $145.00 target price (up from $137.00) on shares of Charles Schwab in a research note on Thursday, October 15th. Eighteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $120.59.

Charles Schwab Price Performance

Shares of SCHW opened at $90.96 on Friday. The stock has a market cap of $157.30 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 0.79 and a beta of 0.79. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.64 and a current ratio of 0.64. Charles Schwab has a fifty-two week low of $83.96 and a fifty-two week high of $114.53. The firm’s 50-day simple moving average is $103.79 and its two-hundred day simple moving average is $98.14.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Thursday, October 15th. The financial services provider reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. The business had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $7.18 billion. Charles Schwab had a net margin of 39.33% and a return on equity of 25.79%. The business’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.31 earnings per share. Analysts anticipate that Charles Schwab will post 6.43 earnings per share for the current fiscal year.

Insider Activity at Charles Schwab

In related news, insider Jonathan Beatty sold 1,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $111.33, for a total transaction of $111,330.00. Following the sale, the insider directly owned 10,738 shares of the company’s stock, valued at $1,195,461.54. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nigel Murtagh sold 24,778 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $109.01, for a total value of $2,701,049.78. Following the sale, the insider directly owned 57,972 shares in the company, valued at $6,319,527.72. This trade represents a 29.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 639,529 shares of company stock valued at $68,923,436 over the last three months. 6.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Charles Schwab

Several institutional investors have recently modified their holdings of SCHW. Sowell Financial Services LLC boosted its holdings in shares of Charles Schwab by 98.7% in the 3rd quarter. Sowell Financial Services LLC now owns 27,029 shares of the financial services provider’s stock worth $2,642,000 after purchasing an additional 13,429 shares during the period. Physician Wealth Advisors Inc. boosted its holdings in shares of Charles Schwab by 126.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 730 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 407 shares during the period. Pinnacle Associates Ltd. boosted its holdings in shares of Charles Schwab by 0.6% in the 3rd quarter. Pinnacle Associates Ltd. now owns 25,891 shares of the financial services provider’s stock worth $2,531,000 after purchasing an additional 142 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Charles Schwab by 14.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 433,286 shares of the financial services provider’s stock worth $42,349,000 after purchasing an additional 53,929 shares during the period. Finally, Integrated Advisors Network LLC boosted its holdings in shares of Charles Schwab by 8.6% in the 3rd quarter. Integrated Advisors Network LLC now owns 79,967 shares of the financial services provider’s stock worth $7,816,000 after purchasing an additional 6,330 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Company Profile

The Charles Schwab Corporation (NYSE: SCHW) is a financial services company that provides investment, wealth management, banking and related services to individual investors, financial professionals and institutional clients. Through its brokerage business, Schwab offers trading and custody services for stocks, exchange-traded funds, mutual funds, options, fixed-income securities and other investments, along with retirement accounts and investment research tools.

The company also provides advisory and wealth management services, including managed portfolios, financial planning and support for registered investment advisors.