Barclays Lowers Charles Schwab (NYSE:SCHW) Price Target to $87.00

Charles Schwab (NYSE:SCHWGet Rating) had its price target cut by equities research analysts at Barclays from $92.00 to $87.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price target would suggest a potential upside of 12.94% from the company’s current price.

Several other equities research analysts also recently issued reports on SCHW. The Goldman Sachs Group upgraded shares of Charles Schwab from a “neutral” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Wednesday, January 4th. JPMorgan Chase & Co. raised their target price on shares of Charles Schwab from $92.00 to $102.00 and gave the company an “overweight” rating in a research note on Friday, October 28th. UBS Group raised their target price on shares of Charles Schwab from $90.00 to $97.00 and gave the company a “buy” rating in a research note on Monday, January 9th. Morgan Stanley raised their target price on shares of Charles Schwab from $99.00 to $104.00 and gave the company an “overweight” rating in a research note on Friday, October 28th. Finally, Erste Group Bank upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating in a research report on Wednesday, October 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Charles Schwab presently has an average rating of “Moderate Buy” and an average price target of $93.50.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $77.03 on Thursday. The stock has a market capitalization of $139.87 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 1.00 and a beta of 0.97. The business has a 50-day moving average of $80.95 and a 200-day moving average of $74.59. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.39 and a quick ratio of 0.39. Charles Schwab has a fifty-two week low of $59.35 and a fifty-two week high of $96.24.

Charles Schwab (NYSE:SCHWGet Rating) last announced its quarterly earnings data on Wednesday, January 18th. The financial services provider reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.02). The company had revenue of $5.50 billion during the quarter, compared to the consensus estimate of $5.55 billion. Charles Schwab had a net margin of 34.02% and a return on equity of 20.59%. Charles Schwab’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 EPS. As a group, sell-side analysts predict that Charles Schwab will post 3.92 earnings per share for the current fiscal year.

Insider Activity at Charles Schwab

In related news, Chairman Charles R. Schwab sold 135,000 shares of Charles Schwab stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $79.49, for a total value of $10,731,150.00. Following the transaction, the chairman now directly owns 69,184,882 shares of the company’s stock, valued at $5,499,506,270.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Charles Schwab news, insider Jonathan M. Craig sold 51,144 shares of the business’s stock in a transaction on Wednesday, January 18th. The shares were sold at an average price of $80.30, for a total transaction of $4,106,863.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 135,000 shares of the business’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $79.49, for a total transaction of $10,731,150.00. Following the sale, the chairman now directly owns 69,184,882 shares in the company, valued at approximately $5,499,506,270.18. The disclosure for this sale can be found here. Insiders have sold 652,437 shares of company stock valued at $51,766,622 over the last three months. 6.90% of the stock is owned by insiders.

Institutional Trading of Charles Schwab

Hedge funds and other institutional investors have recently modified their holdings of the stock. Phocas Financial Corp. bought a new stake in shares of Charles Schwab during the fourth quarter worth $25,000. West Branch Capital LLC bought a new stake in shares of Charles Schwab in the third quarter worth $25,000. Selway Asset Management bought a new stake in shares of Charles Schwab in the third quarter worth $29,000. Jones Financial Companies Lllp bought a new stake in shares of Charles Schwab in the second quarter worth $26,000. Finally, Heritage Financial Services LLC bought a new stake in shares of Charles Schwab in the second quarter worth $28,000. Institutional investors own 73.49% of the company’s stock.

About Charles Schwab

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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.

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