Barclays Increases Charles Schwab (NYSE:SCHW) Price Target to $75.00

Charles Schwab (NYSE:SCHW) had its target price lifted by Barclays from $74.00 to $75.00 in a research report sent to investors on Tuesday, Benzinga reports. Barclays currently has an equal weight rating on the financial services provider’s stock.

Other research analysts have also issued reports about the company. The Goldman Sachs Group reissued a neutral rating and set a $71.00 price target (up from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Citigroup raised their price target on Charles Schwab from $70.00 to $75.00 and gave the company a neutral rating in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft lifted their target price on Charles Schwab from $75.00 to $77.00 and gave the stock a buy rating in a report on Tuesday, March 19th. JMP Securities lifted their target price on Charles Schwab from $77.00 to $80.00 and gave the stock a market outperform rating in a report on Tuesday, April 9th. Finally, TD Cowen raised Charles Schwab from a market perform rating to an outperform rating and set a $87.00 target price on the stock in a report on Friday, March 22nd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $74.47.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $72.92 on Tuesday. The firm has a market capitalization of $129.51 billion, a PE ratio of 30.51, a P/E/G ratio of 1.10 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. Charles Schwab has a 1-year low of $45.65 and a 1-year high of $73.88. The business’s fifty day moving average price is $68.38 and its two-hundred day moving average price is $62.89.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The company had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.49 billion. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The company’s quarterly revenue was down 18.9% compared to the same quarter last year. During the same period last year, the company earned $1.07 earnings per share. On average, research analysts expect that Charles Schwab will post 3.41 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.37%. Charles Schwab’s payout ratio is presently 41.84%.

Insiders Place Their Bets

In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was 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 in the company, valued at approximately $2,425,533.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Peter B. Crawford sold 5,482 shares of Charles Schwab stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $73.46, for a total transaction of $402,707.72. Following the completion of the sale, the chief financial officer now directly owns 60,567 shares in the company, valued at approximately $4,449,251.82. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab 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 sale, the chief financial officer now 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 ninety days, insiders sold 312,800 shares of company stock worth $21,081,569. 6.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Charles Schwab

Institutional investors have recently made changes to their positions in the company. Investment Research & Advisory Group Inc. lifted its holdings in shares of Charles Schwab by 1.0% during the 4th quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock valued at $4,058,000 after buying an additional 607 shares during the last quarter. Bamco Inc. NY raised its stake in shares of Charles Schwab by 0.5% in the 3rd quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock valued at $444,826,000 after acquiring an additional 42,588 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Charles Schwab by 43.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock valued at $30,287,000 after acquiring an additional 166,316 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Charles Schwab by 22.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock valued at $60,776,000 after acquiring an additional 160,719 shares in the last quarter. Finally, Wright Investors Service Inc. raised its stake in shares of Charles Schwab by 9.3% in the 4th quarter. Wright Investors Service Inc. now owns 47,164 shares of the financial services provider’s stock valued at $3,245,000 after acquiring an additional 4,001 shares in the last quarter. 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.