Charles Schwab (NYSE:SCHW) Receives “Market Outperform” Rating from JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Charles Schwab (NYSE:SCHW) in a research note released on Tuesday, Benzinga reports. JMP Securities currently has a $80.00 price objective on the financial services provider’s stock.

Several other analysts have also issued reports on the company. Barclays boosted their target price on Charles Schwab from $74.00 to $75.00 and gave the company an equal weight rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft boosted their target price on Charles Schwab from $75.00 to $77.00 and gave the company a buy rating in a research note on Tuesday, March 19th. Keefe, Bruyette & Woods boosted their target price on Charles Schwab from $75.00 to $76.00 and gave the company a market perform rating in a research note on Tuesday. Morgan Stanley boosted their target price on Charles Schwab from $65.00 to $71.00 and gave the company an equal weight rating in a research note on Tuesday, April 9th. Finally, 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 research note on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $74.47.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $73.05 on Tuesday. The business’s fifty day simple moving average is $67.97 and its 200 day simple moving average is $62.75. The firm has a market capitalization of $129.74 billion, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 1.06 and a beta of 1.01. Charles Schwab has a 12 month low of $45.65 and a 12 month high of $73.65. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab (NYSE:SCHW) last issued 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 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%. Charles Schwab’s quarterly revenue was down 18.9% compared to the same quarter last year. During the same period last year, the company posted $1.07 earnings per share. As a group, analysts anticipate that Charles Schwab will post 3.4 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Thursday, February 8th. Charles Schwab’s payout ratio is currently 39.37%.

Insider Transactions at Charles Schwab

In other news, insider Nigel J. Murtagh sold 29,991 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total value of $2,033,389.80. Following the completion of the sale, the insider now owns 81,446 shares of the company’s stock, valued at approximately $5,522,038.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the completion of the transaction, the chief financial officer now owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nigel J. Murtagh sold 29,991 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total value of $2,033,389.80. Following the transaction, the insider now directly owns 81,446 shares of the company’s stock, valued at approximately $5,522,038.80. The disclosure for this sale can be found here. In the last three months, insiders sold 216,584 shares of company stock worth $14,200,769. 6.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Signet Financial Management LLC raised its position in shares of Charles Schwab by 0.3% in the 4th quarter. Signet Financial Management LLC now owns 49,378 shares of the financial services provider’s stock worth $4,111,000 after acquiring an additional 139 shares in the last quarter. Courier Capital LLC grew its stake in shares of Charles Schwab by 0.4% in the 4th quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock worth $3,133,000 after buying an additional 161 shares during the last quarter. Investment Advisory Services Inc. TX ADV grew its stake in shares of Charles Schwab by 0.5% in the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 32,642 shares of the financial services provider’s stock worth $2,718,000 after buying an additional 164 shares during the last quarter. Sugarloaf Wealth Management LLC grew its stake in shares of Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares during the last quarter. Finally, Sculati Wealth Management LLC grew its stake in shares of Charles Schwab by 0.4% in the 4th quarter. Sculati Wealth Management LLC now owns 42,971 shares of the financial services provider’s stock worth $2,956,000 after buying an additional 165 shares during 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.