Charles Schwab (NYSE:SCHW) Given New $81.00 Price Target at Keefe, Bruyette & Woods

Charles Schwab (NYSE:SCHW) had its price target boosted by Keefe, Bruyette & Woods from $76.00 to $81.00 in a research note published on Wednesday, Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

Several other equities research analysts also recently commented on the company. Morgan Stanley cut their price objective on Charles Schwab from $70.00 to $68.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Raymond James dropped their target price on shares of Charles Schwab from $76.00 to $73.00 in a report on Tuesday. UBS Group reduced their price target on Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Cowen lifted their target price on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. dropped their price target on Charles Schwab from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $73.59.

Charles Schwab Trading Up 0.2 %

NYSE SCHW opened at $72.08 on Wednesday. The stock has a market capitalization of $128.11 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 1.43 and a beta of 0.97. Charles Schwab has a 52 week low of $48.66 and a 52 week high of $79.49. The stock’s 50 day moving average price is $64.61 and its two-hundred day moving average price is $69.51. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42.

Charles Schwab (NYSE:SCHW) last issued 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 firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 EPS. As a group, analysts anticipate that Charles Schwab will post 3.06 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s dividend payout ratio is presently 41.84%.

Insider Buying and Selling

In other Charles Schwab news, insider Paul V. Woolway sold 1,150 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $65.20, for a total transaction of $74,980.00. Following the completion of the transaction, the insider now owns 61,887 shares of the company’s stock, valued at approximately $4,035,032.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $61.96, for a total transaction of $557,640.00. Following the sale, the director now directly owns 567,057 shares of the company’s stock, valued at approximately $35,134,851.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul V. Woolway sold 1,150 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $65.20, for a total transaction of $74,980.00. Following the sale, the insider now directly owns 61,887 shares in the company, valued at $4,035,032.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 98,856 shares of company stock worth $6,398,604 in the last ninety days. 6.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SCHW. Vista Investment Partners LLC acquired a new position in shares of Charles Schwab in the third quarter worth approximately $1,322,000. Secure Asset Management LLC lifted its position in shares of Charles Schwab by 20.1% in the 3rd quarter. Secure Asset Management LLC now owns 22,767 shares of the financial services provider’s stock worth $1,476,000 after purchasing an additional 3,817 shares during the period. Global Retirement Partners LLC increased its position in shares of Charles Schwab by 2.6% during the third quarter. Global Retirement Partners LLC now owns 27,882 shares of the financial services provider’s stock worth $1,807,000 after buying an additional 703 shares during the period. Good Life Advisors LLC raised its stake in Charles Schwab by 22.0% during the third quarter. Good Life Advisors LLC now owns 10,496 shares of the financial services provider’s stock worth $680,000 after buying an additional 1,892 shares during the last quarter. Finally, Mezzasalma Advisors LLC lifted its holdings in Charles Schwab by 2.1% in the third quarter. Mezzasalma Advisors LLC now owns 83,549 shares of the financial services provider’s stock valued at $5,415,000 after buying an additional 1,755 shares during the period. 84.38% of the stock is owned by 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.