Charles Schwab (NYSE:SCHW) Given New $95.00 Price Target at Piper Sandler

Charles Schwab (NYSE:SCHW – Get Rating) had its target price lowered by Piper Sandler from $100.00 to $95.00 in a research report sent to investors on Tuesday, The Fly reports.

A number of other research analysts also recently weighed in on the company. The Goldman Sachs Group raised Charles Schwab from a neutral rating to a buy rating and set a $98.00 price objective on the stock in a research note on Wednesday, January 4th. Citigroup raised Charles Schwab from a neutral rating to a buy rating and decreased their price objective for the stock from $83.00 to $75.00 in a report on Monday. Barclays decreased their price target on 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. Bank of America cut their price objective on Charles Schwab from $74.00 to $60.00 in a research report on Monday. Finally, UBS Group boosted their target price on Charles Schwab from $90.00 to $97.00 and gave the stock a buy rating in a research report on Monday, January 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $87.88.

Charles Schwab Price Performance

Shares of SCHW opened at $56.68 on Tuesday. The stock’s fifty day moving average is $78.02 and its 200-day moving average is $76.94. Charles Schwab has a one year low of $45.00 and a one year high of $93.16. The firm has a market capitalization of $101.54 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 0.91 and a beta of 0.93. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.38 and a current ratio of 0.38.

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

Charles Schwab Increases Dividend

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

Insider Transactions at Charles Schwab

In related news, Director Todd M. Ricketts purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, March 14th. The shares were bought at an average price of $56.79 per share, with a total value of $567,900.00. Following the acquisition, the director now owns 230,892 shares of the company’s stock, valued at approximately $13,112,356.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Charles Schwab news, Director Todd M. Ricketts bought 10,000 shares of the stock in a transaction on Tuesday, March 14th. The shares were acquired at an average price of $56.79 per share, with a total value of $567,900.00. Following the acquisition, the director now directly owns 230,892 shares of the company’s stock, valued at approximately $13,112,356.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Charles R. Schwab sold 188,670 shares of the company’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $80.07, for a total transaction of $15,106,806.90. Following the completion of the transaction, the chairman now directly owns 30,856,646 shares in the company, valued at approximately $2,470,691,645.22. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 65,000 shares of company stock worth $3,823,200 and have sold 728,106 shares worth $58,067,403. Company insiders own 6.90% of the company’s stock.

Hedge Funds Weigh In On Charles Schwab

Large investors have recently made changes to their positions in the business. Claro Advisors LLC lifted its stake in shares of Charles Schwab by 27.6% during the 4th quarter. Claro Advisors LLC now owns 9,662 shares of the financial services provider’s stock valued at $804,000 after buying an additional 2,090 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Charles Schwab by 7.8% during the fourth quarter. Mather Group LLC. now owns 3,933 shares of the financial services provider’s stock valued at $327,000 after purchasing an additional 283 shares in the last quarter. Great Lakes Retirement Inc. purchased a new stake in Charles Schwab during the fourth quarter valued at approximately $806,000. Rockefeller Capital Management L.P. raised its holdings in shares of Charles Schwab by 306.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 626,076 shares of the financial services provider’s stock worth $52,126,000 after buying an additional 472,150 shares during the last quarter. Finally, North Star Asset Management Inc. increased its stake in shares of Charles Schwab by 0.5% in the fourth quarter. North Star Asset Management Inc. now owns 343,803 shares of the financial services provider’s stock worth $28,625,000 after acquiring an additional 1,800 shares during the period. 73.49% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Company Profile

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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.