Charles Schwab (NYSE:SCHW) PT Raised to $76.00 at Keefe, Bruyette & Woods

Charles Schwab (NYSE:SCHW) had its price target boosted by Keefe, Bruyette & Woods from $75.00 to $76.00 in a research report released on Tuesday, Benzinga reports. The firm currently has a market perform rating on the financial services provider’s stock.

A number of other equities research analysts have also recently commented on SCHW. JMP Securities raised their price target on shares of Charles Schwab from $77.00 to $80.00 and gave the stock a market outperform rating in a report on Tuesday, April 9th. Morgan Stanley raised their price target on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an equal weight rating in a report on Tuesday, April 9th. Barclays lifted their price objective on shares of Charles Schwab from $74.00 to $75.00 and gave the company an equal weight rating in a report on Tuesday. The Goldman Sachs Group reiterated a neutral rating and set a $71.00 price objective (up from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. 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 report on Thursday, January 18th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and an average price target of $74.47.

Charles Schwab Trading Up 0.6 %

NYSE:SCHW opened at $72.92 on Tuesday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $129.51 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 1.10 and a beta of 1.01. The firm has a fifty day simple moving average of $68.38 and a two-hundred day simple moving average of $62.89. Charles Schwab has a 12 month low of $45.65 and a 12 month high of $73.88.

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

Charles Schwab Announces Dividend

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

Insiders Place Their Bets

In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the sale, the chief financial officer now 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 SEC, which is accessible through this hyperlink. In other news, Chairman Charles R. Schwab sold 16,390 shares of the business’s stock in a transaction that occurred 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 sale, the chairman now owns 61,331,688 shares of the company’s stock, valued at $3,921,548,130.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Peter B. Crawford sold 4,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 37,611 shares in the company, valued at approximately $2,425,533.39. 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. Company insiders own 6.60% of the company’s stock.

Institutional Trading of Charles Schwab

Several hedge funds and other institutional investors have recently modified their holdings of the business. MBM Wealth Consultants LLC raised its position in shares of Charles Schwab by 14.0% in the first quarter. MBM Wealth Consultants LLC now owns 15,909 shares of the financial services provider’s stock valued at $1,151,000 after purchasing an additional 1,951 shares during the period. SeaCrest Wealth Management LLC raised its position in shares of Charles Schwab by 1.3% in the first quarter. SeaCrest Wealth Management LLC now owns 15,855 shares of the financial services provider’s stock valued at $1,147,000 after purchasing an additional 198 shares during the period. West Oak Capital LLC grew its stake in Charles Schwab by 1.1% during the first quarter. West Oak Capital LLC now owns 29,635 shares of the financial services provider’s stock valued at $2,144,000 after acquiring an additional 325 shares in the last quarter. CAP Partners LLC purchased a new position in Charles Schwab during the first quarter valued at approximately $206,000. Finally, Eagle Ridge Investment Management grew its stake in Charles Schwab by 0.4% during the first quarter. Eagle Ridge Investment Management now owns 357,029 shares of the financial services provider’s stock valued at $25,827,000 after acquiring an additional 1,405 shares in the last quarter. 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.