Charles Schwab (NYSE:SCHW) Price Target Raised to $74.00 at Barclays

Charles Schwab (NYSE:SCHW) had its price objective increased by equities research analysts at Barclays from $68.00 to $74.00 in a report released on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price objective would indicate a potential upside of 2.38% from the company’s previous close.

Several other research analysts have also weighed in on SCHW. Keefe, Bruyette & Woods lowered shares of Charles Schwab from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $75.00 to $70.00 in a report on Thursday, January 18th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Raymond James decreased their price target on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. UBS Group boosted their target price on shares of Charles Schwab from $72.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $71.00 target price (up from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Charles Schwab currently has an average rating of “Hold” and a consensus price target of $72.06.

Charles Schwab Stock Performance

Charles Schwab stock opened at $72.28 on Monday. Charles Schwab has a 12-month low of $45.65 and a 12-month high of $72.97. The company has a market capitalization of $128.19 billion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The firm’s fifty day moving average price is $67.09 and its 200 day moving average price is $62.17.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.04. The company had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.49 billion. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The firm’s revenue for the quarter was down 18.9% compared to the same quarter last year. During the same period last year, the business earned $1.07 EPS. On average, research analysts forecast that Charles Schwab will post 3.36 EPS for the current fiscal year.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total value of $587,610.00. Following the transaction, the director now owns 585,057 shares in the company, valued at approximately $38,198,371.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total value of $587,610.00. Following the completion of the sale, the director now directly owns 585,057 shares of the company’s stock, valued at approximately $38,198,371.53. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Peter B. Crawford sold 4,000 shares of the 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 completion of the sale, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The disclosure for this sale can be found here. In the last 90 days, insiders sold 216,584 shares of company stock worth $14,200,769. 6.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Charles Schwab

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Collective Family Office LLC grew its position in shares of Charles Schwab by 29.3% during the 1st quarter. Collective Family Office LLC now owns 4,069 shares of the financial services provider’s stock worth $294,000 after buying an additional 923 shares during the period. Massmutual Trust Co. FSB ADV grew its position in shares of Charles Schwab by 18.3% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 4,621 shares of the financial services provider’s stock worth $334,000 after buying an additional 716 shares during the period. Rise Advisors LLC grew its position in shares of Charles Schwab by 4,025.0% during the 1st quarter. Rise Advisors LLC now owns 825 shares of the financial services provider’s stock worth $60,000 after buying an additional 805 shares during the period. First Hawaiian Bank grew its position in shares of Charles Schwab by 2.0% during the 1st quarter. First Hawaiian Bank now owns 108,365 shares of the financial services provider’s stock worth $7,839,000 after buying an additional 2,088 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Charles Schwab by 18.8% during the 1st quarter. GAMMA Investing LLC now owns 13,684 shares of the financial services provider’s stock worth $990,000 after acquiring an additional 2,161 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

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.