Charles Schwab (NYSE:SCHW) Price Target Raised to $105.00

Charles Schwab (NYSE:SCHW) had its target price upped by Deutsche Bank Aktiengesellschaft from $98.00 to $105.00 in a report released on Wednesday,Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

Other research analysts have also recently issued research reports about the stock. Cowen upped their target price on shares of 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 increased their price objective on shares of Charles Schwab from $74.00 to $84.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Bank of America decreased their price objective on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a report on Wednesday, October 16th. Redburn Partners decreased their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $83.83.

Charles Schwab Price Performance

NYSE SCHW opened at $81.67 on Wednesday. Charles Schwab has a 52 week low of $61.01 and a 52 week high of $83.35. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market cap of $145.34 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99. The company has a 50-day moving average price of $77.78 and a two-hundred day moving average price of $70.82.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5,190,822.51 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. Charles Schwab’s quarterly revenue was up 19.5% on a year-over-year basis. Analysts forecast that Charles Schwab will post 4.09 EPS for the current year.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,500 shares of the 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 sale, the insider now owns 18,069 shares in the company, valued at $1,391,674.38. This represents a 12.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $81.43, for a total transaction of $755,996.12. Following the completion of the sale, the director now owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,466 shares of company stock worth $3,352,884. 6.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SCHW. Sfmg LLC increased its stake in shares of Charles Schwab by 1.7% during the 2nd quarter. Sfmg LLC now owns 57,098 shares of the financial services provider’s stock worth $4,208,000 after purchasing an additional 942 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Charles Schwab during the 2nd quarter worth $168,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Charles Schwab during the 2nd quarter worth $1,069,000. Alpha DNA Investment Management LLC increased its stake in shares of Charles Schwab by 72.0% during the 2nd quarter. Alpha DNA Investment Management LLC now owns 30,988 shares of the financial services provider’s stock worth $2,283,000 after purchasing an additional 12,973 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of Charles Schwab by 6.5% during the 2nd quarter. APG Asset Management N.V. now owns 2,458,359 shares of the financial services provider’s stock worth $169,029,000 after purchasing an additional 149,033 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

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.