Charles Schwab (NYSE:SCHW) Receives Market Outperform Rating from JMP Securities

Charles Schwab (NYSE:SCHW)‘s stock had its “market outperform” rating reissued by stock analysts at JMP Securities in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $80.00 target price on the financial services provider’s stock. JMP Securities’ target price suggests a potential upside of 11.36% from the company’s previous close.

Several other research analysts also recently issued reports on the stock. Morgan Stanley upped their price target on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. upped their price target on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Bank of America upped their price target on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab currently has an average rating of “Hold” and an average target price of $74.47.

Charles Schwab Stock Performance

SCHW stock traded up $0.61 on Tuesday, reaching $71.84. 3,717,490 shares of the company were exchanged, compared to its average volume of 7,604,310. The firm has a market capitalization of $127.59 billion, a PE ratio of 28.28, a PEG ratio of 1.06 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. The stock’s fifty day moving average price is $67.74 and its 200 day moving average price is $62.62. Charles Schwab has a 12 month low of $45.65 and a 12 month high of $73.65.

Charles Schwab (NYSE:SCHW) last issued its earnings results 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 net margin of 26.90% and a return on equity of 21.33%. The company had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter in the previous year, the company earned $1.07 EPS. The firm’s revenue for the quarter was down 18.9% compared to the same quarter last year. On average, research analysts anticipate that Charles Schwab will post 3.4 EPS for the current fiscal year.

Insider Activity at Charles Schwab

In related news, Chairman Charles R. Schwab sold 71,226 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.99, for a total value of $4,628,977.74. Following the sale, the chairman now directly owns 61,251,038 shares of the company’s stock, valued at $3,980,704,959.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab 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 sale, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles R. Schwab sold 71,226 shares of Charles Schwab stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.99, for a total value of $4,628,977.74. Following the sale, the chairman now directly owns 61,251,038 shares in the company, valued at $3,980,704,959.62. The disclosure for this sale can be found here. Insiders have sold 216,584 shares of company stock valued at $14,200,769 over the last ninety days. 6.60% of the stock is owned by corporate insiders.

Institutional Trading of Charles Schwab

A number of hedge funds have recently made changes to their positions in the company. Signet Financial Management LLC lifted its stake in shares of Charles Schwab by 0.3% in the fourth quarter. Signet Financial Management LLC now owns 49,378 shares of the financial services provider’s stock worth $4,111,000 after acquiring an additional 139 shares during the period. Courier Capital LLC lifted its stake in shares of Charles Schwab by 0.4% in the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock worth $3,133,000 after acquiring an additional 161 shares during the period. Investment Advisory Services Inc. TX ADV lifted its stake in shares of Charles Schwab by 0.5% in the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 32,642 shares of the financial services provider’s stock worth $2,718,000 after acquiring an additional 164 shares during the period. Sugarloaf Wealth Management LLC lifted its stake in shares of Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 165 shares during the period. Finally, Sculati Wealth Management LLC lifted its stake in shares of Charles Schwab by 0.4% in the fourth quarter. Sculati Wealth Management LLC now owns 42,971 shares of the financial services provider’s stock worth $2,956,000 after acquiring an additional 165 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.