Charles Schwab (NYSE:SCHW – Free Report) had its price target lifted by Barclays from $95.00 to $96.00 in a research note released on Wednesday,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.
A number of other research firms have also weighed in on SCHW. Piper Sandler lifted their price objective on Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Cowen lifted their price target on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Jefferies Financial Group lifted their price target on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods lifted their price target on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Finally, JMP Securities restated a “market outperform” rating and issued a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $83.83.
Charles Schwab Stock Performance
Charles Schwab (NYSE:SCHW – Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5,190,822.51 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company’s revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the business posted $0.68 EPS. As a group, research analysts predict that Charles Schwab will post 4.09 EPS for the current year.
Insider Transactions at Charles Schwab
In related news, Director Christopher V. Dodds sold 9,284 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $81.43, for a total value of $755,996.12. Following the transaction, the director now directly owns 442,807 shares in the company, valued at approximately $36,057,774.01. This represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the transaction, the insider now owns 18,069 shares in the company, valued at $1,391,674.38. This represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,466 shares of company stock worth $3,352,884 in the last ninety days. Insiders own 6.60% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP acquired a new position in Charles Schwab in the third quarter valued at approximately $25,000. Washington Trust Advisors Inc. lifted its stake in Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 149 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in Charles Schwab during the third quarter worth $31,000. Future Financial Wealth Managment LLC acquired a new position in Charles Schwab during the third quarter worth $32,000. Finally, Planning Capital Management Corp acquired a new position in Charles Schwab during the third quarter worth $33,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.
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.
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