Charles Schwab (NYSE:SCHW) Rating Increased to Overweight at Morgan Stanley

Charles Schwab (NYSE:SCHW - Get Free Report) was upgraded by Morgan Stanley from an "equal weight" rating to an "overweight" rating in a research note issued on Tuesday, MarketBeat Ratings reports. The brokerage currently has a $76.00 price target on the financial services provider's stock. Morgan Stanley's target price would suggest a potential downside of 1.26% from the stock's current price.

Other equities research analysts have also issued reports about the stock. Truist Financial dropped their price objective on shares of Charles Schwab from $91.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Keefe, Bruyette & Woods upped their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an "outperform" rating in a research report on Friday, December 20th. Redburn Partners decreased their target price on Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research report on Friday, January 17th. JPMorgan Chase & Co. boosted their price objective on Charles Schwab from $87.00 to $93.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 7th. Finally, TD Cowen raised shares of Charles Schwab from a "hold" rating to a "buy" rating and upped their target price for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $85.33.

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Charles Schwab Stock Up 4.2 %

NYSE:SCHW traded up $3.12 during trading hours on Tuesday, reaching $76.97. The company's stock had a trading volume of 14,847,290 shares, compared to its average volume of 9,284,845. Charles Schwab has a 12 month low of $61.01 and a 12 month high of $84.50. The stock has a 50 day moving average price of $77.77 and a two-hundred day moving average price of $76.14. The company has a market capitalization of $139.59 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the previous year, the firm earned $0.68 EPS. The company's quarterly revenue was up 19.5% compared to the same quarter last year. Equities analysts predict that Charles Schwab will post 4.22 EPS for the current fiscal year.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Director Arun Sarin sold 8,548 shares of the business's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total transaction of $699,397.36. Following the sale, the director now directly owns 18,617 shares in the company, valued at $1,523,242.94. This represents a 31.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of the company's 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 sale, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 513,081 shares of company stock worth $41,903,066 over the last three months. Insiders own 6.60% of the company's stock.

Institutional Investors Weigh In On Charles Schwab

A number of hedge funds have recently bought and sold shares of SCHW. Vanguard Group Inc. raised its holdings in Charles Schwab by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider's stock valued at $9,516,075,000 after acquiring an additional 1,187,384 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Charles Schwab by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider's stock valued at $2,279,742,000 after purchasing an additional 760,043 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Charles Schwab by 15.0% during the 3rd quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider's stock worth $1,644,674,000 after purchasing an additional 3,157,923 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Charles Schwab by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider's stock worth $1,513,894,000 after purchasing an additional 265,708 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Charles Schwab during the fourth quarter worth $1,289,544,000. Institutional investors and hedge funds 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.