The Charles Schwab (NYSE:SCHW) had its price objective increased by equities research analysts at Barclays from $65.00 to $70.00 in a research note issued to investors on Friday, The Fly reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price target indicates a potential upside of 8.02% from the company’s previous close.
Other equities analysts have also recently issued reports about the stock. Bank of America upgraded shares of The Charles Schwab from a “neutral” rating to a “buy” rating and upped their price target for the company from $52.00 to $68.00 in a research report on Tuesday, January 12th. Wells Fargo & Company upped their price target on shares of The Charles Schwab from $60.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, January 20th. Morgan Stanley upped their price target on shares of The Charles Schwab from $76.00 to $83.00 and gave the company an “overweight” rating in a research report on Wednesday, March 31st. Wolfe Research upgraded shares of The Charles Schwab from a “peer perform” rating to an “outperform” rating and set a $87.00 price target for the company in a research report on Monday, April 5th. Finally, The Goldman Sachs Group upgraded shares of The Charles Schwab from a “buy” rating to a “conviction-buy” rating and upped their price target for the company from $67.00 to $77.00 in a research report on Monday, April 5th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The Charles Schwab has a consensus rating of “Buy” and a consensus target price of $69.15.
Shares of NYSE:SCHW opened at $64.80 on Friday. The company has a market cap of $117.02 billion, a price-to-earnings ratio of 30.00 and a beta of 1.17. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a 50 day simple moving average of $65.84 and a 200 day simple moving average of $54.53. The Charles Schwab has a one year low of $31.63 and a one year high of $68.89.
The Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Wednesday, April 14th. The financial services provider reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.35 billion. The Charles Schwab had a net margin of 29.80% and a return on equity of 13.52%. The firm’s revenue was up 80.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 EPS. As a group, analysts expect that The Charles Schwab will post 2.39 EPS for the current year.
In other The Charles Schwab news, CFO Peter B. Crawford sold 3,500 shares of The Charles Schwab stock in a transaction on Friday, March 12th. The shares were sold at an average price of $68.00, for a total value of $238,000.00. Following the completion of the sale, the chief financial officer now directly owns 798 shares of the company’s stock, valued at $54,264. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 298,784 shares of The Charles Schwab stock in a transaction on Thursday, February 4th. The shares were sold at an average price of $54.46, for a total transaction of $16,271,776.64. In the last 90 days, insiders sold 1,642,137 shares of company stock worth $99,013,316. 10.80% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Joseph P. Lucia & Associates LLC bought a new stake in The Charles Schwab in the fourth quarter valued at $26,000. IronBridge Private Wealth LLC bought a new stake in The Charles Schwab in the fourth quarter valued at $27,000. Carolina Wealth Advisors LLC increased its stake in The Charles Schwab by 87.3% in the first quarter. Carolina Wealth Advisors LLC now owns 515 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 240 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in The Charles Schwab in the fourth quarter valued at $35,000. Finally, SOA Wealth Advisors LLC. bought a new stake in The Charles Schwab in the fourth quarter valued at $38,000. 77.47% of the stock is owned by hedge funds and other institutional investors.
About The Charles Schwab
The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.
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