UBS Group Boosts Charles Schwab (NYSE:SCHW) Price Target to $82.00

Charles Schwab (NYSE:SCHWGet Rating) had its target price raised by UBS Group from $75.00 to $82.00 in a research note released on Friday morning, Marketbeat Ratings reports. They currently have a buy rating on the financial services provider’s stock.

Other research analysts also recently issued reports about the company. StockNews.com raised Charles Schwab from a sell rating to a hold rating in a report on Thursday, May 12th. Deutsche Bank Aktiengesellschaft lifted their price target on Charles Schwab from $82.00 to $83.00 and gave the company a maintains rating in a report on Friday. Morgan Stanley decreased their price objective on shares of Charles Schwab from $123.00 to $98.00 and set an overweight rating on the stock in a report on Wednesday, July 13th. Redburn Partners started coverage on shares of Charles Schwab in a research report on Thursday, June 23rd. They issued a neutral rating for the company. Finally, JPMorgan Chase & Co. reduced their price objective on Charles Schwab from $107.00 to $101.00 in a report on Thursday, April 14th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Charles Schwab currently has an average rating of Moderate Buy and a consensus price target of $91.83.

Charles Schwab Price Performance

Shares of Charles Schwab stock opened at $68.72 on Friday. Charles Schwab has a twelve month low of $59.35 and a twelve month high of $96.24. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a market cap of $124.87 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 0.83 and a beta of 1.10. The firm’s 50-day simple moving average is $64.36 and its 200-day simple moving average is $75.32.

Charles Schwab (NYSE:SCHWGet Rating) last released its quarterly earnings data on Monday, July 18th. The financial services provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. The company had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.04 billion. Charles Schwab had a return on equity of 15.86% and a net margin of 33.09%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.70 earnings per share. As a group, research analysts expect that Charles Schwab will post 3.93 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 12th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, August 11th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.20. Charles Schwab’s payout ratio is currently 26.32%.

Insider Buying and Selling

In other news, Chairman Charles R. Schwab sold 149,600 shares of the stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $65.36, for a total transaction of $9,777,856.00. Following the transaction, the chairman now owns 69,749,230 shares of the company’s stock, valued at approximately $4,558,809,672.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Charles R. Schwab sold 149,600 shares of the firm’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $65.36, for a total transaction of $9,777,856.00. Following the sale, the chairman now owns 69,749,230 shares in the company, valued at approximately $4,558,809,672.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Charles R. Schwab sold 120,000 shares of the stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $62.70, for a total value of $7,524,000.00. Following the completion of the sale, the chairman now owns 71,083,305 shares of the company’s stock, valued at approximately $4,456,923,223.50. The disclosure for this sale can be found here. 6.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Charles Schwab

Institutional investors and hedge funds have recently made changes to their positions in the business. Capital Research Global Investors increased its stake in Charles Schwab by 2,611.3% in the first quarter. Capital Research Global Investors now owns 23,832,375 shares of the financial services provider’s stock worth $2,009,428,000 after purchasing an additional 22,953,375 shares during the period. Norges Bank bought a new position in Charles Schwab in the fourth quarter worth about $1,127,795,000. Royal Bank of Canada raised its holdings in Charles Schwab by 266.1% in the first quarter. Royal Bank of Canada now owns 16,120,279 shares of the financial services provider’s stock worth $1,359,101,000 after purchasing an additional 11,716,745 shares in the last quarter. State Street Corp raised its holdings in Charles Schwab by 6.6% in the fourth quarter. State Street Corp now owns 69,667,441 shares of the financial services provider’s stock worth $5,859,032,000 after purchasing an additional 4,305,161 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Charles Schwab by 2.6% during the first quarter. Vanguard Group Inc. now owns 119,764,493 shares of the financial services provider’s stock worth $10,097,344,000 after acquiring an additional 3,007,895 shares during the last quarter. 87.13% of the stock is owned by hedge funds and other institutional investors.

About Charles Schwab

(Get Rating)

The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor and mutual fund clearing services, as well as compliance solutions.

See Also

Analyst Recommendations for Charles Schwab (NYSE:SCHW)

Want More Great Investing Ideas?

Receive News & Ratings for Charles Schwab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charles Schwab and related companies with MarketBeat.com's FREE daily email newsletter.