Charles Schwab (NYSE:SCHW) Price Target Raised to $125.00

Charles Schwab (NYSE:SCHWGet Free Report) had its target price hoisted by analysts at Barclays from $122.00 to $125.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target would indicate a potential upside of 25.11% from the stock’s previous close.

SCHW has been the topic of a number of other research reports. JPMorgan Chase & Co. boosted their target price on Charles Schwab from $128.00 to $131.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Keefe, Bruyette & Woods initiated coverage on Charles Schwab in a report on Wednesday, April 8th. They set an “outperform” rating and a $110.00 price target for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Charles Schwab in a research report on Thursday, June 18th. UBS Group boosted their price objective on shares of Charles Schwab from $119.00 to $122.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Finally, Zacks Research upgraded shares of Charles Schwab from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.59.

Check Out Our Latest Analysis on SCHW

Charles Schwab Stock Down 0.1%

Shares of NYSE:SCHW opened at $99.91 on Wednesday. Charles Schwab has a 1-year low of $83.96 and a 1-year high of $107.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market cap of $173.76 billion, a P/E ratio of 19.85, a P/E/G ratio of 0.85 and a beta of 0.77. The firm has a fifty day moving average price of $93.27 and a 200 day moving average price of $95.34.

Charles Schwab (NYSE:SCHWGet Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. Charles Schwab had a net margin of 37.99% and a return on equity of 23.05%. The company had revenue of $7.07 billion for the quarter, compared to analyst estimates of $6.90 billion. During the same period in the previous year, the business posted $1.14 earnings per share. Charles Schwab’s quarterly revenue was up 20.9% on a year-over-year basis. Sell-side analysts predict that Charles Schwab will post 6.27 EPS for the current year.

Insider Buying and Selling

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,000 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $100.01, for a total value of $200,020.00. Following the completion of the sale, the insider owned 13,738 shares of the company’s stock, valued at approximately $1,373,937.38. This trade represents a 12.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank C. Herringer sold 2,520 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $90.60, for a total transaction of $228,312.00. Following the sale, the director owned 177,508 shares in the company, valued at $16,082,224.80. The trade was a 1.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 6,520 shares of company stock worth $622,392. Company insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Charles Schwab

A number of large investors have recently made changes to their positions in SCHW. Norges Bank purchased a new position in Charles Schwab in the fourth quarter valued at about $1,994,189,000. Bank of New York Mellon Corp grew its holdings in shares of Charles Schwab by 22.9% in the 1st quarter. Bank of New York Mellon Corp now owns 16,162,082 shares of the financial services provider’s stock worth $1,518,913,000 after acquiring an additional 3,009,884 shares during the period. Primecap Management Co. CA grew its holdings in shares of Charles Schwab by 9.7% in the 4th quarter. Primecap Management Co. CA now owns 23,276,071 shares of the financial services provider’s stock worth $2,325,512,000 after acquiring an additional 2,066,884 shares during the period. Focus Partners Wealth increased its stake in Charles Schwab by 716.5% in the 4th quarter. Focus Partners Wealth now owns 2,101,463 shares of the financial services provider’s stock valued at $209,948,000 after purchasing an additional 1,844,095 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in Charles Schwab in the 1st quarter valued at approximately $129,140,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

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About Charles Schwab

(Get Free Report)

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.

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