Charles Schwab (NYSE:SCHW) Price Target Raised to $96.00

Charles Schwab (NYSE:SCHW - Get Free Report) had its price objective boosted by analysts at UBS Group from $95.00 to $96.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the financial services provider's stock. UBS Group's target price would indicate a potential upside of 25.77% from the company's previous close.

SCHW has been the topic of several other reports. Morgan Stanley raised shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and set a $76.00 price target on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. lifted their target price on shares of Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research note on Monday. Wells Fargo & Company reduced their price target 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. Piper Sandler upped their target price on Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Finally, TD Cowen upgraded Charles Schwab from a "hold" rating to a "buy" rating and lifted their price target for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.78.

Charles Schwab Price Performance

Shares of SCHW stock traded up $1.38 during midday trading on Tuesday, reaching $76.33. 4,185,903 shares of the company traded hands, compared to its average volume of 9,294,912. The firm's 50 day simple moving average is $77.02 and its two-hundred day simple moving average is $76.74. The firm has a market cap of $138.43 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. Charles Schwab has a 1-year low of $61.01 and a 1-year high of $84.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period last year, the firm posted $0.74 EPS. On average, equities research analysts expect that Charles Schwab will post 4.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the business's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the transaction, the chairman now directly owns 827,377 shares in the company, 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 513,081 shares of company stock worth $41,903,066 in the last three months. 6.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Charles Schwab

Several hedge funds have recently made changes to their positions in the company. Atwood & Palmer Inc. purchased a new position in shares of Charles Schwab during the first quarter valued at $25,000. WFA Asset Management Corp purchased a new stake in shares of Charles Schwab in the first quarter worth approximately $33,000. Murphy & Mullick Capital Management Corp purchased a new position in Charles Schwab during the fourth quarter valued at approximately $38,000. Beacon Capital Management LLC increased its stake in Charles Schwab by 53.1% in the 1st quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock valued at $38,000 after buying an additional 169 shares during the period. Finally, Atala Financial Inc acquired a new stake in shares of Charles Schwab during the 4th quarter valued at $41,000. 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.

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