Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Charles Schwab (NYSE:SCHW) Stock

Charles Schwab (NYSE:SCHW - Free Report) had its price target increased by Deutsche Bank Aktiengesellschaft from $77.00 to $80.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a buy rating on the financial services provider's stock.

A number of other equities research analysts have also recently issued reports on SCHW. Morgan Stanley increased their target price on shares of Charles Schwab from $68.00 to $74.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. JMP Securities increased their target price on shares of Charles Schwab from $82.00 to $84.00 and gave the stock a "market outperform" rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods increased their target price on shares of Charles Schwab from $76.00 to $81.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Jefferies Financial Group decreased their price objective on shares of Charles Schwab from $79.00 to $73.00 and set a "buy" rating on the stock in a report on Friday, October 4th. Finally, Citigroup decreased their price objective on shares of Charles Schwab from $75.00 to $72.00 and set a "neutral" rating on the stock in a report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Charles Schwab has an average rating of "Hold" and a consensus price target of $74.18.

Charles Schwab Price Performance

Shares of SCHW stock traded up $3.95 during mid-day trading on Monday, reaching $77.85. The company's stock had a trading volume of 13,069,987 shares, compared to its average volume of 8,058,437. Charles Schwab has a 1-year low of $53.60 and a 1-year high of $79.49. The company has a market cap of $138.45 billion, a P/E ratio of 30.14, a PEG ratio of 1.69 and a beta of 0.96. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. The firm's 50-day moving average is $67.24 and its two-hundred day moving average is $69.44.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.02. The business had revenue of $4.85 billion during the quarter, compared to analysts' expectations of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 17.52%. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $0.77 EPS. On average, research analysts predict that Charles Schwab will post 3.11 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, November 8th. Charles Schwab's dividend payout ratio (DPR) is presently 39.06%.

Insider Buying and Selling

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab 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 transaction, the director now owns 554,929 shares of the company's stock, valued at $35,543,202.45. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Charles Schwab news, Chairman Charles R. Schwab sold 62,345 shares of the firm's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the sale, the chairman now directly owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the sale, the director now owns 554,929 shares in the company, valued at $35,543,202.45. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 113,465 shares of company stock valued at $8,050,109 in the last 90 days. 6.60% of the stock is owned by insiders.

Institutional Trading of Charles Schwab

Hedge funds have recently bought and sold shares of the stock. Washington Trust Advisors Inc. raised its holdings in shares of Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 149 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Charles Schwab in the third quarter valued at approximately $25,000. Country Trust Bank acquired a new stake in shares of Charles Schwab in the second quarter valued at approximately $26,000. American Capital Advisory LLC acquired a new stake in shares of Charles Schwab in the second quarter valued at approximately $27,000. Finally, Fortitude Family Office LLC raised its holdings in shares of Charles Schwab by 97.5% in the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

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.