Charles Schwab (NYSE:SCHW) Price Target Increased to $75.00 by Analysts at Barclays

Charles Schwab (NYSE:SCHW) had its price objective raised by Barclays from $74.00 to $75.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has an equal weight rating on the financial services provider’s stock.

A number of other brokerages have also weighed in on SCHW. TD Cowen raised Charles Schwab from a market perform rating to an outperform rating and set a $87.00 price objective on the stock in a report on Friday, March 22nd. Piper Sandler raised their target price on Charles Schwab from $75.00 to $78.00 and gave the stock an overweight rating in a report on Friday, April 12th. JMP Securities raised their target price on Charles Schwab from $77.00 to $80.00 and gave the stock a market outperform rating in a report on Tuesday, April 9th. The Goldman Sachs Group reaffirmed a neutral rating and set a $71.00 target price (up from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Finally, Raymond James dropped their target price on Charles Schwab from $78.00 to $75.00 and set an outperform rating on the stock in a report on Thursday, January 18th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Charles Schwab presently has an average rating of Hold and a consensus target price of $74.47.

Charles Schwab Stock Up 2.6 %

Shares of SCHW stock opened at $73.05 on Tuesday. The stock’s 50-day simple moving average is $67.97 and its 200-day simple moving average is $62.75. 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 firm has a market capitalization of $129.74 billion, a PE ratio of 28.76, a P/E/G ratio of 1.06 and a beta of 1.01. Charles Schwab has a fifty-two week low of $45.65 and a fifty-two week high of $73.65.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.49 billion. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. The company’s revenue was down 18.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.07 earnings per share. Equities analysts expect that Charles Schwab will post 3.4 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.37%. Charles Schwab’s dividend payout ratio (DPR) is presently 39.37%.

Insider Activity

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $70.87, for a total value of $637,830.00. Following the transaction, the director now owns 581,457 shares in the company, valued at $41,207,857.59. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $70.87, for a total transaction of $637,830.00. Following the transaction, the director now owns 581,457 shares in the company, valued at $41,207,857.59. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total value of $257,960.00. Following the transaction, the chief financial officer now owns 37,611 shares in the company, valued at approximately $2,425,533.39. The disclosure for this sale can be found here. Insiders have sold a total of 216,584 shares of company stock worth $14,200,769 over the last quarter. 6.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Charles Schwab

A number of institutional investors have recently added to or reduced their stakes in SCHW. Investment Research & Advisory Group Inc. increased its stake in Charles Schwab by 1.0% during the fourth quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock worth $4,058,000 after acquiring an additional 607 shares during the last quarter. Bamco Inc. NY increased its stake in Charles Schwab by 0.5% during the third quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock worth $444,826,000 after acquiring an additional 42,588 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Charles Schwab by 43.2% during the third quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock worth $30,287,000 after acquiring an additional 166,316 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Charles Schwab by 22.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock worth $60,776,000 after acquiring an additional 160,719 shares during the last quarter. Finally, 180 Wealth Advisors LLC increased its stake in Charles Schwab by 6.1% during the third quarter. 180 Wealth Advisors LLC now owns 32,214 shares of the financial services provider’s stock worth $1,769,000 after acquiring an additional 1,843 shares during the last quarter. Hedge funds and other 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.