Charles Schwab (NYSE:SCHW) Price Target Raised to $95.00

Charles Schwab (NYSE:SCHW) had its price objective raised by equities research analysts at UBS Group from $90.00 to $95.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. UBS Group’s target price indicates a potential upside of 16.95% from the company’s previous close.

A number of other research analysts have also weighed in on SCHW. Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Bank of America reduced their price objective 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. The Goldman Sachs Group boosted their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Raymond James reduced their price target on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Finally, Truist Financial restated a “buy” rating and set a $90.00 price target (up from $86.00) on shares of Charles Schwab in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Charles Schwab currently has a consensus rating of “Hold” and a consensus price target of $84.11.

Charles Schwab Stock Performance

Shares of Charles Schwab stock traded down $0.60 during mid-day trading on Monday, hitting $81.23. 1,014,539 shares of the stock were exchanged, compared to its average volume of 8,862,600. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market capitalization of $144.56 billion, a P/E ratio of 27.16, a P/E/G ratio of 1.46 and a beta of 0.99. The company has a 50-day simple moving average of $77.81 and a 200 day simple moving average of $70.83. Charles Schwab has a 12 month low of $61.01 and a 12 month high of $83.35.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5,190,822.51 billion. During the same quarter in the previous year, the firm posted $0.68 EPS. Charles Schwab’s revenue was up 19.5% on a year-over-year basis. Sell-side analysts anticipate that Charles Schwab will post 4.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Charles Schwab news, Director Christopher V. Dodds sold 9,284 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $81.43, for a total transaction of $755,996.12. Following the completion of the transaction, the director now owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. Insiders sold 41,466 shares of company stock valued at $3,352,884 over the last three months. Insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

A number of institutional investors have recently modified their holdings of the stock. Washington Trust Advisors Inc. grew its position in shares of Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 149 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Charles Schwab during the third quarter valued at approximately $25,000. Prospera Private Wealth LLC bought a new stake in shares of Charles Schwab during the third quarter valued at approximately $31,000. Future Financial Wealth Managment LLC bought a new stake in shares of Charles Schwab during the third quarter valued at approximately $32,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in shares of Charles Schwab during the third quarter valued at approximately $33,000. 84.38% of the stock is owned by hedge funds and other 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.