JMP Securities Reiterates “Market Outperform” Rating for Charles Schwab (NYSE:SCHW)

Charles Schwab (NYSE:SCHW)‘s stock had its “market outperform” rating reiterated by stock analysts at JMP Securities in a research note issued on Tuesday, Benzinga reports. They currently have a $80.00 price target on the financial services provider’s stock. JMP Securities’ price objective points to a potential upside of 10.34% from the company’s previous close.

A number of other equities research analysts have also commented on SCHW. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $71.00 price objective (up from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Morgan Stanley boosted their price objective 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. Finally, Bank of America raised their target price on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus 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 firm has a market capitalization 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. The business’s 50-day moving average price is $68.17 and its two-hundred day moving average price is $62.82. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. Charles Schwab has a 12 month low of $45.65 and a 12 month high of $73.88.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. The business 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 firm’s revenue was down 18.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.07 earnings per share. On average, analysts expect that Charles Schwab will post 3.4 EPS for the current year.

Insider Activity at Charles Schwab

In other Charles Schwab news, 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 transaction of $257,960.00. Following the transaction, the chief financial officer now owns 37,611 shares in the company, valued at $2,425,533.39. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction dated 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 owns 37,611 shares in the company, valued at approximately $2,425,533.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 16,390 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $63.94, for a total value of $1,047,976.60. Following the completion of the sale, the chairman now directly owns 61,331,688 shares of the company’s stock, valued at $3,921,548,130.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 216,584 shares of company stock valued at $14,200,769. 6.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SCHW. Providence Capital Advisors LLC bought a new position in shares of Charles Schwab during the 3rd quarter worth approximately $28,000. Main Street Group LTD bought a new position in shares of Charles Schwab in the fourth quarter valued at approximately $29,000. Sugarloaf Wealth Management LLC increased its position in shares of Charles Schwab by 60.0% during 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 last quarter. Frazier Financial Advisors LLC bought a new stake in Charles Schwab during the fourth quarter worth $30,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in Charles Schwab in the fourth quarter worth $31,000. 84.38% of the stock is owned by institutional investors.

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.