Charles Schwab (NYSE:SCHW – Get Free Report) had its price objective boosted by research analysts at UBS Group from $90.00 to $95.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. UBS Group’s target price would indicate a potential upside of 16.24% from the company’s current price.
SCHW has been the topic of a number of other reports. Barclays upped their price target on Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Wells Fargo & Company raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Raymond James lowered their target price on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. The Goldman Sachs Group upped their price target on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Finally, 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 report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $84.11.
Read Our Latest Report on Charles Schwab
Charles Schwab Stock Performance
Charles Schwab (NYSE:SCHW – Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the previous year, the firm earned $0.68 EPS. Charles Schwab’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts predict that Charles Schwab will post 4.09 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,391,674.38. This represents a 12.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the transaction, the director now owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. This represents a 31.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,014 shares of company stock worth $4,052,281 in the last 90 days. 6.60% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Charles Schwab
Several institutional investors have recently modified their holdings of SCHW. Angeles Wealth Management LLC purchased a new stake in Charles Schwab during the 4th quarter valued at $384,000. Coronation Fund Managers Ltd. increased its position in Charles Schwab by 3.5% during the fourth quarter. Coronation Fund Managers Ltd. now owns 507,190 shares of the financial services provider’s stock valued at $37,537,000 after acquiring an additional 17,175 shares during the last quarter. LJI Wealth Management LLC purchased a new stake in shares of Charles Schwab in the fourth quarter valued at $207,000. HTLF Bank bought a new stake in shares of Charles Schwab in the 4th quarter worth about $213,000. Finally, Kestra Private Wealth Services LLC grew its holdings in Charles Schwab by 7.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 9,415 shares of the financial services provider’s stock valued at $697,000 after purchasing an additional 680 shares during the last quarter. 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.
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