Charles Schwab (NYSE:SCHW) Given Market Outperform Rating at JMP Securities

Charles Schwab (NYSE:SCHW)‘s stock had its “market outperform” rating restated by research analysts at JMP Securities in a note issued to investors on Monday,Benzinga reports. They presently have a $94.00 price objective on the financial services provider’s stock, up from their prior price objective of $84.00. JMP Securities’ target price suggests a potential upside of 14.15% from the stock’s previous close.

A number of other analysts have also recently commented on SCHW. Cowen upped 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. Wells Fargo & Company upped their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Citigroup reduced their price target on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday, September 27th. Piper Sandler boosted their price target on shares of Charles Schwab from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Finally, Bank of America dropped their price objective on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $78.81.

Charles Schwab Price Performance

SCHW opened at $82.35 on Monday. The company has a fifty day moving average price of $74.41 and a two-hundred day moving average price of $70.16. The firm has a market capitalization of $146.56 billion, a PE ratio of 32.17, a P/E/G ratio of 1.77 and a beta of 0.96. Charles Schwab has a 52 week low of $59.67 and a 52 week high of $83.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the previous year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, analysts anticipate that Charles Schwab will post 3.12 earnings per share for the current year.

Insider Buying and Selling at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the sale, the director now owns 554,929 shares in the company, valued at approximately $35,543,202.45. This represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the transaction, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. This represents a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 127,968 shares of company stock worth $9,419,271. Corporate insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

Several large investors have recently made changes to their positions in SCHW. Washington Trust Advisors Inc. lifted its stake in Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 149 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Charles Schwab during the third quarter worth approximately $25,000. American Capital Advisory LLC bought a new stake in Charles Schwab in the second quarter valued at approximately $27,000. CGC Financial Services LLC acquired a new stake in shares of Charles Schwab in the second quarter valued at approximately $29,000. Finally, Mizuho Securities Co. Ltd. bought a new position in shares of Charles Schwab during the 2nd quarter worth approximately $29,000. 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.