Charles Schwab (NYSE:SCHW) Upgraded at Barclays

Charles Schwab (NYSE:SCHW - Get Free Report) was upgraded by equities researchers at Barclays from an "equal weight" rating to an "overweight" rating in a report issued on Monday, Marketbeat Ratings reports. The brokerage presently has a $95.00 target price on the financial services provider's stock, up from their prior target price of $74.00. Barclays's price objective suggests a potential upside of 16.55% from the stock's current price.

A number of other research analysts also recently issued reports on SCHW. StockNews.com upgraded Charles Schwab from a "sell" rating to a "hold" rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft boosted their target price on Charles Schwab from $77.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Bank of America dropped their price target on Charles Schwab from $63.00 to $61.00 and set an "underperform" rating for the company in a research note on Wednesday, October 16th. Cowen boosted their price objective on shares of Charles Schwab from $69.00 to $75.00 and gave the company a "hold" rating in a research report on Tuesday, October 15th. Finally, Raymond James decreased their price objective on shares of Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Charles Schwab currently has a consensus rating of "Hold" and a consensus price target of $78.81.

Charles Schwab Trading Up 0.0 %

Shares of NYSE:SCHW traded up $0.04 during trading on Monday, reaching $81.51. 9,088,971 shares of the company traded hands, compared to its average volume of 8,008,687. 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 has a 52-week low of $59.67 and a 52-week high of $83.35. The firm has a market capitalization of $145.06 billion, a price-to-earnings ratio of 31.91, a P/E/G ratio of 1.77 and a beta of 0.96. The business's fifty day moving average is $74.08 and its 200-day moving average is $70.10.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.02. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. During the same period in the prior year, the business posted $0.77 EPS. The firm's revenue was up 5.2% compared to the same quarter last year. As a group, analysts forecast that Charles Schwab will post 3.12 EPS for the current year.

Insider Buying and Selling

In related news, insider Jonathan S. Beatty sold 2,300 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the transaction, the insider now owns 18,069 shares of the company's stock, valued at approximately $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total transaction of $576,450.00. Following the sale, the director now directly owns 554,929 shares of the company's stock, valued at approximately $35,543,202.45. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 127,968 shares of company stock valued at $9,419,271 over the last 90 days. Company insiders own 6.60% of the company's stock.

Hedge Funds Weigh In On Charles Schwab

Institutional investors and hedge funds have recently bought and sold shares of the stock. Alliance Wealth Advisors LLC raised its stake in shares of Charles Schwab by 2.7% in the third quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider's stock worth $347,000 after buying an additional 142 shares during the period. GS Investments Inc. increased its holdings in Charles Schwab by 0.3% in the 3rd quarter. GS Investments Inc. now owns 57,434 shares of the financial services provider's stock worth $3,722,000 after acquiring an additional 146 shares in the last quarter. Washington Trust Advisors Inc. raised its stake in Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider's stock worth $25,000 after acquiring an additional 149 shares during the period. Arcataur Capital Management LLC lifted its holdings in Charles Schwab by 2.3% during the third quarter. Arcataur Capital Management LLC now owns 6,648 shares of the financial services provider's stock valued at $431,000 after purchasing an additional 150 shares in the last quarter. Finally, Tandem Capital Management Corp ADV boosted its position in shares of Charles Schwab by 0.3% in the third quarter. Tandem Capital Management Corp ADV now owns 49,537 shares of the financial services provider's stock worth $3,210,000 after purchasing an additional 150 shares during the period. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

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.