Charles Schwab (NYSE:SCHW) Stock Price Expected to Rise, TD Securities Analyst Says

Charles Schwab (NYSE:SCHW) had its price objective increased by TD Securities from $95.00 to $113.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Other analysts have also issued reports about the stock. Wells Fargo & Company dropped their target price on shares of Charles Schwab from $93.00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. upped their price target on Charles Schwab from $92.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. JMP Securities reissued a “market outperform” rating and set a $94.00 target price on shares of Charles Schwab in a research note on Monday, April 21st. Finally, Keefe, Bruyette & Woods upped their target price on Charles Schwab from $90.00 to $93.00 and gave the company an “outperform” rating in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.63.

Charles Schwab Stock Performance

NYSE:SCHW opened at $89.13 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. Charles Schwab has a fifty-two week low of $61.01 and a fifty-two week high of $89.87. The firm has a market cap of $161.95 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The business has a 50 day moving average price of $79.37 and a 200-day moving average price of $78.67.

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

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be given a $0.27 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.21%. Charles Schwab’s dividend payout ratio is currently 32.73%.

Insider Buying and Selling

In other Charles Schwab news, insider Paul V. Woolway sold 9,887 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total value of $745,282.06. Following the sale, the insider now directly owns 47,931 shares of the company’s stock, valued at approximately $3,613,038.78. The trade was a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frank C. Herringer sold 3,592 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $74.26, for a total value of $266,741.92. Following the completion of the sale, the director now directly owns 172,162 shares in the company, valued at approximately $12,784,750.12. This represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,412 shares of company stock worth $3,014,797 in the last 90 days. Insiders own 6.30% of the company’s stock.

Institutional Trading of Charles Schwab

Several institutional investors have recently bought and sold shares of SCHW. Vanguard Group Inc. lifted its stake in shares of Charles Schwab by 15.4% in the first quarter. Vanguard Group Inc. now owns 148,395,252 shares of the financial services provider’s stock worth $11,616,380,000 after buying an additional 19,817,022 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Charles Schwab by 12.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 82,048,984 shares of the financial services provider’s stock valued at $6,422,795,000 after acquiring an additional 8,954,248 shares in the last quarter. Geode Capital Management LLC raised its holdings in Charles Schwab by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider’s stock worth $2,279,742,000 after acquiring an additional 760,043 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Charles Schwab by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider’s stock worth $1,513,894,000 after acquiring an additional 265,708 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Charles Schwab by 10.8% in the 1st quarter. Northern Trust Corp now owns 17,440,301 shares of the financial services provider’s stock valued at $1,365,227,000 after acquiring an additional 1,700,384 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

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.