Charles Schwab (NYSE:SCHW) PT Raised to $76.00 at Keefe, Bruyette & Woods

Charles Schwab (NYSE:SCHW) had its price target hoisted by equities researchers at Keefe, Bruyette & Woods from $75.00 to $76.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 4.83% from the stock’s previous close.

SCHW has been the topic of several other research reports. Raymond James lowered their price target on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, January 18th. The Goldman Sachs Group reiterated a “neutral” rating and set a $71.00 price target (up previously from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Bank of America increased their price target on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday. Barclays increased their price objective on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Citigroup increased their price objective on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $74.47.

Charles Schwab Trading Down 0.8 %

NYSE:SCHW opened at $72.50 on Tuesday. The stock’s 50 day moving average price is $68.17 and its 200 day moving average price is $62.82. Charles Schwab has a 52 week low of $45.65 and a 52 week high of $73.88. The company has a market capitalization of $128.76 billion, a P/E ratio of 30.33, a P/E/G ratio of 1.08 and a beta of 1.01. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The firm had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter in the prior year, the company posted $1.07 earnings per share. The firm’s revenue was down 18.9% on a year-over-year basis. On average, research analysts forecast that Charles Schwab will post 3.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other Charles Schwab news, insider Nigel J. Murtagh sold 29,991 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the completion of the transaction, the insider now directly owns 81,446 shares in the company, valued at $5,522,038.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total value of $257,960.00. Following the completion of the sale, the chief financial officer now directly owns 37,611 shares in the company, valued at $2,425,533.39. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nigel J. Murtagh sold 29,991 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total value of $2,033,389.80. Following the completion of the sale, the insider now owns 81,446 shares of the company’s stock, valued at $5,522,038.80. The disclosure for this sale can be found here. Insiders sold 216,584 shares of company stock worth $14,200,769 over the last three months. 6.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Charles Schwab

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dumont & Blake Investment Advisors LLC increased its stake in shares of Charles Schwab by 2.3% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 11,324 shares of the financial services provider’s stock valued at $819,000 after buying an additional 255 shares in the last quarter. New Mexico Educational Retirement Board increased its position in Charles Schwab by 13.1% in the first quarter. New Mexico Educational Retirement Board now owns 87,387 shares of the financial services provider’s stock worth $6,322,000 after purchasing an additional 10,100 shares during the period. Guidance Capital Inc. acquired a new stake in Charles Schwab in the first quarter worth about $928,000. Investment Research & Advisory Group Inc. increased its position in Charles Schwab by 5.5% in the first quarter. Investment Research & Advisory Group Inc. now owns 62,250 shares of the financial services provider’s stock worth $4,503,000 after purchasing an additional 3,271 shares during the period. Finally, Grimes & Company Inc. increased its position in Charles Schwab by 2.1% in the first quarter. Grimes & Company Inc. now owns 354,819 shares of the financial services provider’s stock worth $25,668,000 after purchasing an additional 7,197 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

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.