Charles Schwab (NYSE:SCHW) Given New $105.00 Price Target at Deutsche Bank Aktiengesellschaft

Charles Schwab (NYSE:SCHW) had its target price hoisted by equities research analysts at Deutsche Bank Aktiengesellschaft from $98.00 to $105.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 29.83% from the company’s previous close.

A number of other research firms have also weighed in on SCHW. Morgan Stanley upped their target price on Charles Schwab from $74.00 to $84.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. The Goldman Sachs Group raised their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Redburn Partners reduced their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research note on Friday, January 17th. Bank of America lowered their target price on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research note on Wednesday, October 16th. Finally, Raymond James reduced their target price on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and an average price target of $83.47.

Charles Schwab Price Performance

Charles Schwab stock opened at $80.88 on Wednesday. The stock has a market cap of $143.93 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 1.40 and a beta of 0.99. The firm has a 50-day moving average of $77.65 and a two-hundred day moving average of $70.62. Charles Schwab has a 1 year low of $61.01 and a 1 year high of $83.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5,190,822.51 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. Charles Schwab’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the business posted $0.68 EPS. On average, research analysts forecast that Charles Schwab will post 3.16 earnings per share for the current year.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the sale, the insider now directly owns 18,069 shares in the company, valued at $1,391,674.38. This represents a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nigel J. Murtagh sold 12,739 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the sale, the insider now directly owns 59,092 shares in the company, valued at $4,796,497.64. This represents a 17.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,823 shares of company stock valued at $2,171,194. Corporate insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sfmg LLC raised its position in Charles Schwab by 1.7% in the second quarter. Sfmg LLC now owns 57,098 shares of the financial services provider’s stock valued at $4,208,000 after purchasing an additional 942 shares during the period. Point72 Hong Kong Ltd acquired a new position in Charles Schwab during the 2nd quarter worth approximately $168,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Charles Schwab in the 2nd quarter worth approximately $1,069,000. Alpha DNA Investment Management LLC grew its position in Charles Schwab by 72.0% in the second quarter. Alpha DNA Investment Management LLC now owns 30,988 shares of the financial services provider’s stock valued at $2,283,000 after acquiring an additional 12,973 shares in the last quarter. Finally, APG Asset Management N.V. raised its stake in shares of Charles Schwab by 6.5% during the second quarter. APG Asset Management N.V. now owns 2,458,359 shares of the financial services provider’s stock valued at $169,029,000 after purchasing an additional 149,033 shares during the period. 84.38% of the stock is 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.