JPMorgan Chase & Co. Lowers Charles Schwab (NYSE:SCHW) Price Target to $81.00

Charles Schwab (NYSE:SCHW - Get Free Report) had its price objective cut by JPMorgan Chase & Co. from $89.00 to $81.00 in a research note issued on Friday, Benzinga reports. The firm presently has an "overweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 10.47% from the company's current price.

Other equities analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Charles Schwab from $86.00 to $83.00 and set a "buy" rating for the company in a report on Thursday, May 23rd. StockNews.com cut shares of Charles Schwab from a "hold" rating to a "sell" rating in a research note on Friday, May 24th. Piper Sandler upped their price target on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, April 12th. Keefe, Bruyette & Woods boosted their price objective on shares of Charles Schwab from $75.00 to $76.00 and gave the stock a "market perform" rating in a research note on Tuesday, April 16th. Finally, UBS Group lifted their price target on Charles Schwab from $87.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $74.65.

Charles Schwab Trading Up 2.0 %

SCHW traded up $1.44 during mid-day trading on Friday, hitting $73.32. The stock had a trading volume of 8,617,091 shares, compared to its average volume of 7,595,715. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. Charles Schwab has a 1-year low of $48.66 and a 1-year high of $79.49. The stock's fifty day simple moving average is $73.77 and its 200-day simple moving average is $67.63. The firm has a market capitalization of $130.31 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 1.06 and a beta of 0.98.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.01. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. As a group, research analysts forecast that Charles Schwab will post 3.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Jonathan M. Craig sold 4,977 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $70.01, for a total value of $348,439.77. Following the completion of the transaction, the insider now directly owns 81,446 shares in the company, valued at approximately $5,702,034.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Jonathan M. Craig sold 4,977 shares of the business's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the sale, the insider now directly owns 81,446 shares in the company, valued at $5,702,034.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bernard J. Clark sold 77,431 shares of the company's stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the completion of the transaction, the insider now owns 121,666 shares of the company's stock, valued at $8,630,986.04. The disclosure for this sale can be found here. Insiders sold a total of 685,467 shares of company stock worth $50,752,095 in the last three months. 6.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Charles Schwab

A number of institutional investors have recently made changes to their positions in SCHW. Nelson Capital Management LLC increased its holdings in shares of Charles Schwab by 0.4% in the first quarter. Nelson Capital Management LLC now owns 37,726 shares of the financial services provider's stock worth $2,729,000 after purchasing an additional 141 shares during the period. Abbrea Capital LLC grew its position in Charles Schwab by 2.5% during the first quarter. Abbrea Capital LLC now owns 5,777 shares of the financial services provider's stock worth $418,000 after buying an additional 142 shares in the last quarter. Sweet Financial Partners LLC increased its stake in Charles Schwab by 3.5% in the 1st quarter. Sweet Financial Partners LLC now owns 4,430 shares of the financial services provider's stock worth $320,000 after acquiring an additional 150 shares during the last quarter. Ironwood Financial llc raised its holdings in shares of Charles Schwab by 1.6% in the 1st quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider's stock valued at $737,000 after acquiring an additional 160 shares in the last quarter. Finally, Courier Capital LLC boosted its position in shares of Charles Schwab by 0.4% during the 4th quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider's stock valued at $3,133,000 after acquiring an additional 161 shares during the last quarter. Institutional investors 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.