Charles Schwab (NYSE:SCHW) Price Target Raised to $91.00 at UBS Group

Charles Schwab (NYSE:SCHW) had its target price lifted by UBS Group from $87.00 to $91.00 in a research note released on Thursday, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Other analysts have also issued reports about the stock. Citigroup raised their price target on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a neutral rating in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft raised their price target on Charles Schwab from $75.00 to $77.00 and gave the stock a buy rating in a research report on Tuesday, March 19th. JPMorgan Chase & Co. lifted their price target on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an overweight rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods boosted their price objective on Charles Schwab from $75.00 to $76.00 and gave the company a market perform rating in a research report on Tuesday, April 16th. Finally, Barclays boosted their price target on Charles Schwab from $74.00 to $75.00 and gave the company an equal weight rating in a report on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $75.12.

Charles Schwab Stock Down 0.1 %

SCHW stock opened at $72.27 on Thursday. The firm has a market cap of $128.44 billion, a PE ratio of 30.24, a P/E/G ratio of 1.06 and a beta of 0.98. Charles Schwab has a 12 month low of $48.66 and a 12 month high of $79.49. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a 50 day simple moving average of $73.61 and a 200 day simple moving average of $67.34.

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

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were paid a $0.25 dividend. The ex-dividend date was Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.38%. Charles Schwab’s payout ratio is 41.84%.

Insider Buying and Selling

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction on Monday, May 20th. The shares were sold at an average price of $78.41, for a total value of $705,690.00. Following the completion of the transaction, the director now directly owns 574,257 shares of the company’s stock, valued at approximately $45,027,491.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $78.41, for a total transaction of $705,690.00. Following the completion of the sale, the director now owns 574,257 shares in the company, valued at approximately $45,027,491.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Charles R. Schwab sold 65,360 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $76.89, for a total value of $5,025,530.40. Following the transaction, the chairman now owns 60,741,536 shares in the company, valued at approximately $4,670,416,703.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 622,536 shares of company stock worth $46,208,155. Corporate insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Providence Capital Advisors LLC acquired a new stake in Charles Schwab in the 3rd quarter valued at $28,000. Sugarloaf Wealth Management LLC raised its position in shares of Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 165 shares during the last quarter. Frazier Financial Advisors LLC purchased a new position in Charles Schwab in the 4th quarter valued at about $30,000. Wetzel Investment Advisors Inc. acquired a new stake in Charles Schwab in the 4th quarter worth about $31,000. Finally, Tributary Capital Management LLC purchased a new stake in Charles Schwab during the 1st quarter worth approximately $31,000. 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.