JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Charles Schwab (NYSE:SCHW) Stock

Charles Schwab (NYSE:SCHW - Free Report) had its target price hoisted by JPMorgan Chase & Co. from $92.00 to $95.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the financial services provider's stock.

A number of other research analysts have also recently commented on the company. Wells Fargo & Company reduced their target price on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and raised their price objective for the company from $85.00 to $102.00 in a research note on Wednesday, April 2nd. JMP Securities cut their target price on Charles Schwab from $96.00 to $94.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Redburn Partners cut their target price on Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research note on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Charles Schwab presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.78.

Charles Schwab Price Performance

Shares of Charles Schwab stock traded up $0.72 during trading on Monday, hitting $78.57. The stock had a trading volume of 947,140 shares, compared to its average volume of 12,014,807. The firm has a market cap of $142.49 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 0.99 and a beta of 0.91. Charles Schwab has a 12 month low of $61.01 and a 12 month high of $84.50. The business's 50-day moving average is $76.87 and its 200 day moving average is $76.75. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The business had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same quarter in the prior year, the firm earned $0.74 earnings per share. As a group, sell-side analysts anticipate that Charles Schwab will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.37%. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's dividend payout ratio (DPR) is 32.73%.

Insider Transactions at Charles Schwab

In related news, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $79.32, for a total transaction of $268,101.60. Following the completion of the sale, the insider now owns 57,818 shares in the company, valued at approximately $4,586,123.76. This trade represents a 5.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the sale, the chairman now owns 827,377 shares of the company's stock, valued at $67,770,450.07. This represents a 35.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 493,482 shares of company stock valued at $40,288,720 over the last quarter. 6.30% of the stock is currently owned by company insiders.

Institutional Trading of Charles Schwab

Several institutional investors have recently made changes to their positions in SCHW. Principal Financial Group Inc. grew its holdings in Charles Schwab by 0.6% during the 3rd quarter. Principal Financial Group Inc. now owns 6,673,901 shares of the financial services provider's stock valued at $432,536,000 after buying an additional 38,201 shares in the last quarter. Anchor Investment Management LLC boosted its holdings in shares of Charles Schwab by 11.2% in the 3rd quarter. Anchor Investment Management LLC now owns 36,229 shares of the financial services provider's stock worth $2,348,000 after purchasing an additional 3,637 shares during the period. Sculati Wealth Management LLC boosted its holdings in shares of Charles Schwab by 0.7% in the 3rd quarter. Sculati Wealth Management LLC now owns 42,988 shares of the financial services provider's stock worth $2,786,000 after purchasing an additional 315 shares during the period. World Investment Advisors LLC purchased a new position in Charles Schwab during the 3rd quarter valued at $9,211,000. Finally, Sfmg LLC lifted its position in shares of Charles Schwab by 2.5% during the third quarter. Sfmg LLC now owns 58,542 shares of the financial services provider's stock worth $3,794,000 after purchasing an additional 1,444 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

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.