Deutsche Bank Aktiengesellschaft Boosts Charles Schwab (NYSE:SCHW) Price Target to $80.00

Charles Schwab (NYSE:SCHW) had its price objective lifted by investment analysts at Deutsche Bank Aktiengesellschaft from $77.00 to $80.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 2.30% from the company’s current price.

SCHW has been the subject of several other reports. JMP Securities upped their target price on Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 16th. Barclays increased their target price on shares of Charles Schwab from $64.00 to $74.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Jefferies Financial Group reduced their price target on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating for the company in a report on Friday, October 4th. Keefe, Bruyette & Woods increased their price objective on shares of Charles Schwab from $76.00 to $81.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $74.18.

Charles Schwab Stock Up 0.4 %

Shares of NYSE SCHW opened at $78.20 on Monday. The company has a market cap of $139.07 billion, a P/E ratio of 30.55, a PEG ratio of 1.69 and a beta of 0.96. The firm has a 50-day simple moving average of $67.50 and a two-hundred day simple moving average of $69.46. Charles Schwab has a 1 year low of $53.60 and a 1 year high of $79.49. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 17.52%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 EPS. Research analysts anticipate that Charles Schwab will post 3.11 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jonathan S. Beatty sold 2,500 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,391,674.38. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the sale, the insider now owns 18,069 shares in the company, valued at $1,391,674.38. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 62,345 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chairman now owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 115,965 shares of company stock valued at $8,242,659. Insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

Several hedge funds have recently added to or reduced their stakes in SCHW. M&G Plc acquired a new stake in Charles Schwab during the first quarter worth about $11,452,000. Patten & Patten Inc. TN increased its holdings in Charles Schwab by 155.9% in the third quarter. Patten & Patten Inc. TN now owns 104,168 shares of the financial services provider’s stock valued at $6,751,000 after buying an additional 63,463 shares in the last quarter. Teewinot Capital Advisers L.L.C. raised its position in shares of Charles Schwab by 9.0% in the second quarter. Teewinot Capital Advisers L.L.C. now owns 775,161 shares of the financial services provider’s stock worth $57,122,000 after acquiring an additional 64,041 shares during the period. Iowa State Bank boosted its stake in shares of Charles Schwab by 37.9% during the 3rd quarter. Iowa State Bank now owns 28,476 shares of the financial services provider’s stock worth $1,846,000 after acquiring an additional 7,829 shares in the last quarter. Finally, Radnor Capital Management LLC acquired a new stake in shares of Charles Schwab during the 3rd quarter valued at about $6,081,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

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.