Charles Schwab (NYSE:SCHW) Given New $83.00 Price Target at Deutsche Bank Aktiengesellschaft

Charles Schwab (NYSE:SCHW – Get Rating) had its price objective lowered by Deutsche Bank Aktiengesellschaft from $109.00 to $83.00 in a research report released on Tuesday, The Fly reports.

Other research analysts have also issued research reports about the stock. Bank of America reduced their price objective on shares of Charles Schwab from $74.00 to $60.00 in a research note on Monday. Barclays lowered their price target on shares of Charles Schwab from $87.00 to $79.00 and set an equal weight rating on the stock in a research note on Monday, January 30th. UBS Group lifted their price objective on shares of Charles Schwab from $90.00 to $97.00 and gave the company a buy rating in a research report on Monday, January 9th. Morgan Stanley reduced their target price on shares of Charles Schwab from $104.00 to $99.00 and set an overweight rating for the company in a report on Monday, January 30th. Finally, William Blair reiterated an outperform rating on shares of Charles Schwab in a research note on Tuesday, January 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab has a consensus rating of Moderate Buy and a consensus price target of $87.88.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $56.68 on Tuesday. The business has a 50 day moving average price of $78.02 and a 200 day moving average price of $76.94. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.77. Charles Schwab has a twelve month low of $45.00 and a twelve month high of $93.16. The company has a market cap of $101.54 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 0.91 and a beta of 0.93.

Charles Schwab (NYSE:SCHW – Get Rating) last posted its earnings results on Wednesday, January 18th. The financial services provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.03). Charles Schwab had a return on equity of 24.94% and a net margin of 34.60%. The company had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $5.55 billion. During the same quarter last year, the business earned $0.86 EPS. Charles Schwab’s quarterly revenue was up 16.8% compared to the same quarter last year. Research analysts predict that Charles Schwab will post 4.35 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 24th. Investors of record on Friday, February 10th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, February 9th. This represents a $1.00 annualized dividend and a yield of 1.76%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.22. Charles Schwab’s dividend payout ratio is presently 28.57%.

Insiders Place Their Bets

In other news, Director Todd M. Ricketts acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, March 14th. The stock was bought at an average cost of $56.79 per share, for a total transaction of $567,900.00. Following the completion of the transaction, the director now owns 230,892 shares of the company’s stock, valued at $13,112,356.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Jonathan M. Craig sold 51,144 shares of Charles Schwab stock in a transaction on Wednesday, January 18th. The shares were sold at an average price of $80.30, for a total value of $4,106,863.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Todd M. Ricketts purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The stock was bought at an average price of $56.79 per share, for a total transaction of $567,900.00. Following the acquisition, the director now owns 230,892 shares of the company’s stock, valued at $13,112,356.68. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 65,000 shares of company stock worth $3,823,200 and sold 728,106 shares worth $58,067,403. Company insiders own 6.90% of the company’s stock.

Institutional Trading of Charles Schwab

Hedge funds have recently modified their holdings of the business. Toronto Dominion Bank raised its position in Charles Schwab by 32,224.4% in the 4th quarter. Toronto Dominion Bank now owns 225,994,826 shares of the financial services provider’s stock worth $18,816,289,000 after buying an additional 225,295,680 shares during the last quarter. Norges Bank bought a new position in shares of Charles Schwab during the 4th quarter valued at approximately $1,325,555,000. Fisher Asset Management LLC bought a new position in shares of Charles Schwab during the 3rd quarter valued at approximately $1,109,194,000. CIBC Private Wealth Group LLC boosted its position in shares of Charles Schwab by 107.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 16,784,516 shares of the financial services provider’s stock valued at $1,399,817,000 after acquiring an additional 8,680,289 shares during the last quarter. Finally, Morgan Stanley raised its holdings in Charles Schwab by 62.5% during the 4th quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock valued at $1,853,005,000 after buying an additional 8,563,389 shares during the period. Institutional investors own 73.49% of the company’s stock.

About Charles Schwab

(Get Rating)

The Charles Schwab Corp. is a savings and loan holding company, which engages in the provision of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. It operates through the Investor Services and Advisor Services segments. The Investor Services segment includes retail brokerage and banking services to individual investors, and retirement plan services, as well as other corporate brokerage services, to businesses and their employees.