Citigroup Lowers Charles Schwab (NYSE:SCHW) Price Target to $80.00

Charles Schwab (NYSE:SCHW) had its price objective cut by investment analysts at Citigroup from $85.00 to $80.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Citigroup’s price target suggests a potential upside of 9.91% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the stock. Cowen increased their price objective 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. Wells Fargo & Company upped their price objective on shares of Charles Schwab from $75.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. increased their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Finally, Truist Financial upgraded Charles Schwab to a “strong-buy” rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Charles Schwab presently has a consensus rating of “Moderate Buy” and an average price target of $81.69.

Charles Schwab Trading Down 0.3 %

Shares of SCHW opened at $72.79 on Friday. The firm has a market cap of $129.54 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 1.76 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The business’s fifty day moving average is $77.57 and its 200-day moving average is $70.61. Charles Schwab has a 52-week low of $59.67 and a 52-week high of $83.35.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 EPS. Equities analysts anticipate that Charles Schwab will post 3.12 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Nigel J. Murtagh sold 12,739 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the completion of the transaction, the insider now directly owns 59,092 shares in the company, valued at $4,796,497.64. The trade was a 17.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 18,069 shares in the company, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 118,968 shares of company stock valued at $8,842,821. Corporate insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

Institutional investors and hedge funds have recently bought and sold shares of the stock. Graypoint LLC raised its position in shares of Charles Schwab by 5.1% during the 4th quarter. Graypoint LLC now owns 9,279 shares of the financial services provider’s stock valued at $687,000 after buying an additional 451 shares in the last quarter. ORG Wealth Partners LLC increased its stake in Charles Schwab by 173.8% in the fourth quarter. ORG Wealth Partners LLC now owns 1,744 shares of the financial services provider’s stock valued at $129,000 after acquiring an additional 1,107 shares during the last quarter. ST Germain D J Co. Inc. raised its position in Charles Schwab by 4.7% during the fourth quarter. ST Germain D J Co. Inc. now owns 9,618 shares of the financial services provider’s stock valued at $712,000 after purchasing an additional 436 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV lifted its stake in Charles Schwab by 16.3% during the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 58,113 shares of the financial services provider’s stock worth $4,301,000 after purchasing an additional 8,156 shares during the last quarter. Finally, Michael S. Ryan Inc. boosted its holdings in shares of Charles Schwab by 2.5% in the 4th quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 144 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

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.