Charles Schwab (NYSE:SCHW) PT Raised to $92.00 at TD Cowen

Charles Schwab (NYSE:SCHW) had its price objective lifted by TD Cowen from $87.00 to $92.00 in a report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Several other brokerages have also commented on SCHW. Raymond James lowered their price objective on Charles Schwab from $78.00 to $75.00 and set an outperform rating for the company in a research report on Thursday, January 18th. StockNews.com upgraded shares of Charles Schwab from a sell rating to a hold rating in a report on Friday, March 15th. Bank of America boosted 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. Piper Sandler raised their price objective on Charles Schwab from $75.00 to $78.00 and gave the company an overweight rating in a research report on Friday, April 12th. Finally, JMP Securities increased their price objective on shares of Charles Schwab from $77.00 to $80.00 and gave the company a market outperform rating in a research report on Tuesday, April 9th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Charles Schwab presently has an average rating of Hold and an average price target of $74.47.

Charles Schwab Trading Up 0.7 %

Shares of SCHW opened at $73.42 on Tuesday. Charles Schwab has a 1-year low of $45.65 and a 1-year high of $73.88. The firm has a market capitalization 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 firm’s 50-day moving average price is $68.58 and its 200-day moving average price is $63.02. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab (NYSE:SCHW) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The company had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.49 billion. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The firm’s revenue for the quarter was down 18.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 EPS. Sell-side analysts anticipate that Charles Schwab will post 3.43 EPS for the current year.

Charles Schwab Dividend Announcement

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

Insider Buying and Selling at Charles Schwab

In other news, CFO Peter B. Crawford sold 5,482 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $73.46, for a total transaction of $402,707.72. Following the completion of the sale, the chief financial officer now owns 60,567 shares of the company’s stock, valued at approximately $4,449,251.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Peter B. Crawford sold 5,482 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $73.46, for a total value of $402,707.72. Following the transaction, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at approximately $4,449,251.82. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Nigel J. Murtagh sold 29,991 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total value of $2,033,389.80. Following the sale, the insider now directly owns 81,446 shares of the company’s stock, valued at approximately $5,522,038.80. The disclosure for this sale can be found here. Over the last 90 days, 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

A number of institutional investors have recently bought and sold shares of the business. Providence Capital Advisors LLC purchased a new stake in Charles Schwab during the 3rd quarter valued at approximately $28,000. Main Street Group LTD purchased a new position in Charles Schwab during the fourth quarter valued at $29,000. Sugarloaf Wealth Management LLC increased its holdings in Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 165 shares during the last quarter. Frazier Financial Advisors LLC bought a new position in Charles Schwab during the fourth quarter valued at approximately $30,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in Charles Schwab in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

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.