Charles Schwab (NYSE:SCHW) PT Raised to $92.00 at TD Cowen

Charles Schwab (NYSE:SCHW) had its price target boosted by stock analysts at TD Cowen from $87.00 to $92.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. TD Cowen’s price objective would suggest a potential upside of 26.90% from the stock’s previous close.

Several other brokerages have also recently weighed in on SCHW. Piper Sandler lifted their price target on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. boosted their target price on shares of Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday. The Goldman Sachs Group restated a “neutral” rating and set a $71.00 price target (up previously from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Bank of America upped their price objective on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research report on Tuesday. Finally, Morgan Stanley raised their target price on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and an average price target of $74.47.

Charles Schwab Stock Down 0.8 %

SCHW stock opened at $72.50 on Tuesday. 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 simple moving average is $68.17 and its 200-day simple moving average is $62.82. Charles Schwab has a 12 month low of $45.65 and a 12 month high of $73.88. The company has a market capitalization of $128.76 billion, a P/E ratio of 30.33, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $4.49 billion. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. 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 firm earned $1.07 EPS. As a group, equities research analysts forecast that Charles Schwab will post 3.4 earnings per share for the current year.

Insider Buying and Selling at Charles Schwab

In other news, CFO Peter B. Crawford sold 4,000 shares of the stock in a transaction dated Monday, January 22nd. The shares were 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 document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Peter B. Crawford sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the transaction, the chief financial officer now directly owns 37,611 shares in the company, valued at approximately $2,425,533.39. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Nigel J. Murtagh sold 29,991 shares of the stock in a transaction that occurred 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 directly owns 81,446 shares of the company’s stock, valued at approximately $5,522,038.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 216,584 shares of company stock worth $14,200,769. Corporate insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

Hedge funds have recently modified their holdings of the company. Providence Capital Advisors LLC acquired a new position in shares of Charles Schwab in the 3rd quarter valued at $28,000. Main Street Group LTD acquired a new position in Charles Schwab in the fourth quarter valued at about $29,000. Sugarloaf Wealth Management LLC boosted its stake in Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares during the period. Frazier Financial Advisors LLC acquired a new stake in shares of Charles Schwab during the fourth quarter valued at about $30,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of Charles Schwab in the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors 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.