Charles Schwab (NYSE:SCHW) Given New $93.00 Price Target at Keefe, Bruyette & Woods

Charles Schwab (NYSE:SCHW - Get Free Report) had its target price lifted by analysts at Keefe, Bruyette & Woods from $81.00 to $93.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' target price suggests a potential upside of 25.15% from the company's current price.

Other equities research analysts have also issued reports about the stock. Jefferies Financial Group raised their price objective on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Barclays raised Charles Schwab from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $74.00 to $95.00 in a research note on Monday, December 9th. Cowen boosted their price target on Charles Schwab from $69.00 to $75.00 and gave the company a "hold" rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. increased their price objective on Charles Schwab from $86.00 to $87.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Finally, Bank of America cut their target price on Charles Schwab from $63.00 to $61.00 and set an "underperform" rating on the stock in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Charles Schwab presently has a consensus rating of "Hold" and a consensus price target of $80.50.

Charles Schwab Trading Up 0.9 %

Shares of SCHW stock traded up $0.69 on Friday, hitting $74.31. The stock had a trading volume of 12,219,728 shares, compared to its average volume of 8,085,971. The firm has a market cap of $132.25 billion, a P/E ratio of 29.03, a PEG ratio of 1.76 and a beta of 0.96. Charles Schwab has a twelve month low of $59.67 and a twelve month high of $83.35. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average price of $76.77 and a two-hundred day moving average price of $70.58.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter last year, the firm posted $0.77 earnings per share. Charles Schwab'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 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jonathan S. Beatty sold 2,300 shares of the company's stock in a transaction dated 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 directly owns 18,069 shares in the company, valued at approximately $1,481,838.69. This represents a 11.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Charles R. Schwab sold 62,345 shares of the firm's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the transaction, the chairman now directly owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. This represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 118,968 shares of company stock valued at $8,842,821 over the last ninety days. 6.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Charles Schwab

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