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

Charles Schwab (NYSE:SCHW) had its price target increased by Barclays from $74.00 to $75.00 in a research note released on Tuesday, Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

Other research analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods downgraded shares of Charles Schwab from an outperform rating to a market perform rating and decreased their price target for the stock from $75.00 to $70.00 in a research note on Thursday, January 18th. Morgan Stanley boosted their price objective 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. The Goldman Sachs Group restated a neutral rating and set a $71.00 price objective (up previously from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Citigroup boosted their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a neutral rating in a research report on Thursday, April 11th. Finally, Raymond James reduced their price objective on shares of Charles Schwab from $78.00 to $75.00 and set an outperform rating for the company in a research report on Thursday, January 18th. 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 company. According to MarketBeat, Charles Schwab currently has a consensus rating of Hold and an average target price of $74.47.

Charles Schwab Stock Up 0.6 %

Shares of Charles Schwab stock opened at $72.92 on Tuesday. Charles Schwab has a 52-week low of $45.65 and a 52-week high of $73.88. The company has a 50 day moving average of $68.38 and a 200 day moving average of $62.89. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $129.51 billion, a P/E ratio of 30.51, a P/E/G ratio of 1.10 and a beta of 1.01.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The company had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The firm’s quarterly revenue was down 18.9% on a year-over-year basis. As a group, research analysts forecast that Charles Schwab will post 3.41 EPS for the current fiscal year.

Charles Schwab Announces Dividend

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

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the transaction, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Charles Schwab news, Chairman Charles R. Schwab sold 16,390 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $63.94, for a total value of $1,047,976.60. Following the transaction, the chairman now directly owns 61,331,688 shares of the company’s stock, valued at approximately $3,921,548,130.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Peter B. Crawford sold 4,000 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly owns 37,611 shares in the company, valued at $2,425,533.39. The disclosure for this sale can be found here. In the last three months, insiders have sold 312,800 shares of company stock valued at $21,081,569. 6.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Charles Schwab

Several institutional investors have recently made changes to their positions in the stock. Dodge & Cox boosted its position in shares of Charles Schwab by 10.5% during the 4th quarter. Dodge & Cox now owns 86,421,986 shares of the financial services provider’s stock worth $5,945,833,000 after purchasing an additional 8,182,467 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Charles Schwab by 33.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock worth $4,771,985,000 after purchasing an additional 17,369,091 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Charles Schwab by 4.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock worth $2,132,454,000 after purchasing an additional 1,219,015 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Charles Schwab by 1.5% during the 1st quarter. Geode Capital Management LLC now owns 27,050,168 shares of the financial services provider’s stock worth $1,413,244,000 after purchasing an additional 391,238 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Charles Schwab by 62.5% during the 4th quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock worth $1,853,005,000 after purchasing an additional 8,563,389 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

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.