Charles Schwab (NYSE:SCHW) Stock Price Expected to Rise, Barclays Analyst Says

Charles Schwab (NYSE:SCHW) had its target price increased by analysts at Barclays from $95.00 to $96.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective would indicate a potential upside of 17.13% from the company’s previous close.

Several other equities research analysts also recently weighed in on SCHW. Wells Fargo & Company cut their price objective on Charles Schwab from $90.00 to $89.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Cowen raised their target price on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Morgan Stanley raised their target price on Charles Schwab from $74.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, Citigroup raised their target price on Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.83.

Charles Schwab Trading Up 1.7 %

NYSE SCHW opened at $81.96 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. Charles Schwab has a twelve month low of $61.01 and a twelve month high of $83.35. The company has a market cap of $145.86 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99. The business’s fifty day moving average is $77.75 and its 200 day moving average is $70.75.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5,190,822.51 billion. During the same quarter last year, the business posted $0.68 EPS. Charles Schwab’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, sell-side analysts expect that Charles Schwab will post 4.04 EPS for the current fiscal year.

Insider Activity

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the transaction, the insider now owns 18,069 shares in the company, valued at approximately $1,391,674.38. The trade was a 12.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher V. Dodds sold 9,284 shares of Charles Schwab stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the transaction, the director now owns 442,807 shares of the company’s stock, valued at $36,057,774.01. This trade represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,823 shares of company stock worth $2,171,194 in the last three months. Company insiders own 6.60% of the company’s stock.

Hedge Funds Weigh In On Charles Schwab

Hedge funds and other institutional investors have recently modified their holdings of the business. Capital Performance Advisors LLP bought a new stake in shares of Charles Schwab in the 3rd quarter worth approximately $25,000. Washington Trust Advisors Inc. raised its holdings 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 valued at $25,000 after acquiring an additional 149 shares during the period. Prospera Private Wealth LLC bought a new stake in Charles Schwab during the 3rd quarter valued at $31,000. Future Financial Wealth Managment LLC bought a new position in shares of Charles Schwab in the third quarter worth $32,000. Finally, Planning Capital Management Corp bought a new position in shares of Charles Schwab in the third quarter worth $33,000. Hedge funds and other 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.