Charles Schwab (NYSE:SCHW) Given Market Outperform Rating at JMP Securities

Charles Schwab (NYSE:SCHW)‘s stock had its “market outperform” rating reiterated by equities researchers at JMP Securities in a research note issued on Monday,Benzinga reports. They presently have a $94.00 price target on the financial services provider’s stock, up from their prior price target of $84.00. JMP Securities’ target price would suggest a potential upside of 15.98% from the company’s current price.

SCHW has been the subject of several other research reports. JPMorgan Chase & Co. upped their price objective on shares of Charles Schwab from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods upped their price target on shares of Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Piper Sandler upped their target price on Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Finally, Morgan Stanley lifted their price target on Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $77.50.

Charles Schwab Stock Performance

Shares of SCHW traded down $0.42 during midday trading on Monday, reaching $81.05. 1,971,643 shares of the stock were exchanged, compared to its average volume of 7,977,581. The stock’s 50 day simple moving average is $74.08 and its 200 day simple moving average is $70.10. The company has a market cap of $144.24 billion, a P/E ratio of 31.66, a PEG ratio of 1.77 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 quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the previous year, the firm posted $0.77 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, sell-side analysts expect that Charles Schwab will post 3.12 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jonathan S. Beatty sold 2,300 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the sale, the insider now directly owns 18,069 shares in the company, valued at $1,481,838.69. This represents a 11.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’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 completion of the transaction, the director now owns 554,929 shares in the company, valued at $35,543,202.45. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 127,968 shares of company stock worth $9,419,271 in the last ninety days. Company insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. RFG Advisory LLC boosted its holdings in Charles Schwab by 7.4% in the second quarter. RFG Advisory LLC now owns 8,806 shares of the financial services provider’s stock worth $649,000 after acquiring an additional 610 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of Charles Schwab by 26.0% in the 2nd quarter. Diversified Trust Co now owns 7,737 shares of the financial services provider’s stock worth $570,000 after purchasing an additional 1,595 shares in the last quarter. NorthCrest Asset Manangement LLC grew its position in Charles Schwab by 2.7% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 15,519 shares of the financial services provider’s stock valued at $1,144,000 after purchasing an additional 405 shares during the period. Great Valley Advisor Group Inc. raised its holdings in Charles Schwab by 7.5% during the second quarter. Great Valley Advisor Group Inc. now owns 25,163 shares of the financial services provider’s stock worth $1,854,000 after buying an additional 1,758 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. lifted its stake in shares of Charles Schwab by 69.3% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 7,810 shares of the financial services provider’s stock valued at $576,000 after buying an additional 3,196 shares in the last quarter. Institutional investors and hedge funds 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.