Charles Schwab (NYSE:SCHW) Price Target Increased to $76.00 by Analysts at Keefe, Bruyette & Woods

Charles Schwab (NYSE:SCHW) had its price target lifted by Keefe, Bruyette & Woods from $75.00 to $76.00 in a report issued on Tuesday, Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Several other equities analysts have also issued reports on the stock. Morgan Stanley lifted their target price on shares of Charles Schwab from $65.00 to $71.00 and gave the company an equal weight rating in a report on Tuesday, April 9th. Barclays boosted their target price on Charles Schwab from $74.00 to $75.00 and gave the stock an equal weight rating in a report on Tuesday. JPMorgan Chase & Co. raised their price target on Charles Schwab from $86.00 to $89.00 and gave the company an overweight rating in a report on Tuesday. StockNews.com upgraded shares of Charles Schwab from a sell rating to a hold rating in a research note on Friday, March 15th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Charles Schwab from $75.00 to $77.00 and gave the company a buy rating in a research note on Tuesday, March 19th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $74.47.

Charles Schwab Stock Performance

Charles Schwab stock opened at $73.42 on Tuesday. Charles Schwab has a fifty-two week low of $45.65 and a fifty-two week high of $73.88. The stock has a market cap of $130.40 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 1.06 and a beta of 1.01. The stock’s 50 day simple moving average is $68.58 and its two-hundred day simple moving average is $63.02. 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 announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The business had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.49 billion. During the same quarter last year, the firm posted $1.07 earnings per share. The company’s revenue for the quarter was down 18.9% on a year-over-year basis. As a group, analysts expect that Charles Schwab will post 3.43 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Thursday, February 8th. Charles Schwab’s payout ratio is currently 41.84%.

Insider Transactions at Charles Schwab

In related news, CFO Peter B. Crawford sold 4,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $2,425,533.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jonathan M. Craig sold 4,977 shares of Charles Schwab stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the transaction, the insider now directly owns 81,446 shares of the company’s stock, valued at approximately $5,702,034.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Peter B. Crawford sold 4,000 shares of the stock in a transaction dated Monday, January 22nd. The stock was 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 approximately $2,425,533.39. The disclosure for this sale can be found here. Insiders have sold 312,800 shares of company stock worth $21,081,569 in the last quarter. Company insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SCHW. Investment Research & Advisory Group Inc. grew its stake in Charles Schwab by 1.0% during the fourth quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock valued at $4,058,000 after acquiring an additional 607 shares in the last quarter. Bamco Inc. NY increased its holdings in shares of Charles Schwab by 0.5% in the third quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock worth $444,826,000 after purchasing an additional 42,588 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Charles Schwab by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock worth $30,287,000 after buying an additional 166,316 shares in the last quarter. Wright Investors Service Inc. boosted its stake in Charles Schwab by 9.3% during the fourth quarter. Wright Investors Service Inc. now owns 47,164 shares of the financial services provider’s stock valued at $3,245,000 after buying an additional 4,001 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Charles Schwab by 22.2% during 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 buying an additional 160,719 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

About Charles Schwab

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.