Charles Schwab (NYSE:SCHW) Price Target Cut to $83.00 by Analysts at Deutsche Bank Aktiengesellschaft

Charles Schwab (NYSE:SCHW) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $86.00 to $83.00 in a report issued on Thursday, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Several other research firms have also weighed in on SCHW. Citigroup lifted their price target on Charles Schwab from $70.00 to $75.00 and gave the company a neutral rating in a research report on Thursday, April 11th. Morgan Stanley boosted their target price on shares of Charles Schwab from $65.00 to $71.00 and gave the company an equal weight rating in a report on Tuesday, April 9th. TD Cowen decreased their price target on shares of Charles Schwab from $92.00 to $88.00 and set a buy rating for the company in a research note on Thursday. StockNews.com raised shares of Charles Schwab from a sell rating to a hold rating in a research note on Friday, March 15th. Finally, JPMorgan Chase & Co. raised their target price on shares of Charles Schwab from $86.00 to $89.00 and gave the company an overweight rating in a research note on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Charles Schwab presently has a consensus rating of Hold and an average price target of $75.12.

Charles Schwab Trading Down 0.1 %

NYSE:SCHW opened at $72.27 on Thursday. The company has a 50-day moving average price of $73.61 and a 200-day moving average price of $67.34. The stock has a market cap of $128.44 billion, a price-to-earnings ratio of 30.24, a P/E/G ratio of 1.06 and a beta of 0.98. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69. Charles Schwab has a 12 month low of $48.66 and a 12 month high of $79.49.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The business had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.71 billion. Equities analysts predict that Charles Schwab will post 3.31 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Thursday, May 9th. Charles Schwab’s payout ratio is 41.84%.

Insider Transactions at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $78.41, for a total transaction of $705,690.00. Following the sale, the director now owns 574,257 shares of the company’s stock, valued at approximately $45,027,491.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $78.41, for a total transaction of $705,690.00. Following the transaction, the director now owns 574,257 shares in the company, valued at $45,027,491.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jonathan M. Craig sold 4,977 shares of Charles Schwab stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the completion of the sale, the insider now directly owns 81,446 shares of the company’s stock, valued at approximately $5,702,034.46. The disclosure for this sale can be found here. Insiders sold 622,536 shares of company stock worth $46,208,155 over the last quarter. 6.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Providence Capital Advisors LLC purchased a new position in shares of Charles Schwab in the third quarter worth approximately $28,000. Sugarloaf Wealth Management LLC grew its position in shares of Charles Schwab by 60.0% during 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 period. Frazier Financial Advisors LLC bought a new stake in shares of Charles Schwab during the 4th quarter valued at $30,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Charles Schwab in the 4th quarter worth $31,000. Finally, Tributary Capital Management LLC bought a new position in Charles Schwab in the 1st quarter worth $31,000. 84.38% of the stock is 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.