Charles Schwab's (SCHW) "Market Outperform" Rating Reiterated at JMP Securities

Charles Schwab (NYSE:SCHW - Get Free Report)'s stock had its "market outperform" rating reiterated by analysts at JMP Securities in a research report issued on Monday,Benzinga reports. They presently have a $94.00 target price on the financial services provider's stock. JMP Securities' price target indicates a potential upside of 19.76% from the company's previous close.

Several other analysts also recently commented on SCHW. UBS Group raised their price objective on Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. TD Cowen raised shares of Charles Schwab from a "hold" rating to a "buy" rating and raised their target price for the company from $88.00 to $103.00 in a research report on Tuesday, February 18th. Redburn Partners reduced their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. increased their price target on Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Citigroup raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $85.00 to $102.00 in a report on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Charles Schwab has an average rating of "Moderate Buy" and an average price target of $85.78.

Charles Schwab Trading Up 0.8 %

Shares of NYSE SCHW traded up $0.64 during midday trading on Monday, hitting $78.49. The stock had a trading volume of 947,140 shares, compared to its average volume of 9,287,767. The firm has a market cap of $142.35 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. Charles Schwab has a fifty-two week low of $61.01 and a fifty-two week 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. The company's 50-day simple moving average is $76.87 and its 200 day simple moving average is $76.75.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The firm had revenue of $5.60 billion for the quarter, compared to analysts' expectations 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 earned $0.74 earnings per share. Research analysts anticipate that Charles Schwab will post 4.22 EPS for the current year.

Insider Activity

In other news, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total transaction of $261,713.40. Following the completion of the sale, the insider now directly owns 45,824 shares in the company, valued at approximately $3,548,152.32. This represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frank C. Herringer sold 3,592 shares of the stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the sale, the director now owns 172,162 shares of the company's stock, valued at approximately $12,784,750.12. This represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 493,482 shares of company stock worth $40,288,720 in the last three months. Corporate insiders own 6.30% of the company's stock.

Hedge Funds Weigh In On Charles Schwab

A number of institutional investors and hedge funds have recently made changes to their positions in SCHW. Atwood & Palmer Inc. purchased a new stake in shares of Charles Schwab during the first quarter valued at approximately $25,000. WFA Asset Management Corp purchased a new stake in shares of Charles Schwab during the first quarter valued at approximately $33,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $38,000. Beacon Capital Management LLC grew its holdings in shares of Charles Schwab by 53.1% during the first 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 last quarter. Finally, Atala Financial Inc purchased a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $41,000. 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.