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

Charles Schwab (NYSE:SCHW)‘s stock had its “market outperform” rating reiterated by JMP Securities in a research note issued on Tuesday, Benzinga reports. They presently have a $80.00 price target on the financial services provider’s stock. JMP Securities’ target price would indicate a potential upside of 11.36% from the stock’s current price.

Several other research firms also recently issued reports on SCHW. JPMorgan Chase & Co. upped their target price on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday. The Goldman Sachs Group reissued a “neutral” rating and issued a $71.00 target price (up from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. TD Cowen upped their target price on Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Finally, Citigroup upped their price target on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $74.47.

Charles Schwab Stock Up 0.9 %

NYSE:SCHW traded up $0.61 during trading hours on Tuesday, reaching $71.84. The company’s stock had a trading volume of 3,717,490 shares, compared to its average volume of 7,604,310. The company has a market capitalization of $127.59 billion, a P/E ratio of 28.28, a price-to-earnings-growth ratio of 1.06 and a beta of 1.01. Charles Schwab has a 12 month low of $45.65 and a 12 month high of $73.65. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a 50 day moving average price of $67.74 and a two-hundred day moving average price of $62.62.

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. The business had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. The business’s quarterly revenue was down 18.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.07 earnings per share. Equities analysts predict that Charles Schwab will post 3.4 EPS for the current fiscal year.

Insider Transactions at Charles Schwab

In other news, Chairman Charles R. Schwab sold 71,226 shares of Charles Schwab stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the completion of the sale, the chairman now directly owns 61,251,038 shares of the company’s stock, valued at approximately $3,980,704,959.62. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total transaction of $587,610.00. Following the sale, the director now directly owns 585,057 shares in the company, valued at approximately $38,198,371.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Charles R. Schwab sold 71,226 shares of Charles Schwab stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the sale, the chairman now owns 61,251,038 shares in the company, valued at $3,980,704,959.62. The disclosure for this sale can be found here. In the last three months, insiders sold 216,584 shares of company stock valued at $14,200,769. Insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Providence Capital Advisors LLC acquired a new stake in Charles Schwab during the 3rd quarter worth $28,000. Main Street Group LTD acquired a new position in Charles Schwab in the fourth quarter valued at $29,000. Sugarloaf Wealth Management LLC increased its stake in Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 165 shares during the period. Frazier Financial Advisors LLC acquired a new position in Charles Schwab in the fourth quarter valued at $30,000. Finally, Wetzel Investment Advisors Inc. acquired a new position in Charles Schwab in the fourth quarter valued at $31,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

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.