Charles Schwab (NYSE:SCHW) Price Target Raised to $106.00

by · The Cerbat Gem

Charles Schwab (NYSE:SCHW – Get Free Report) had its price objective boosted by investment analysts at JMP Securities from $94.00 to $106.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “market outperform” rating on the financial services provider’s stock. JMP Securities’ price target would suggest a potential upside of 14.80% from the company’s previous close.

Several other equities analysts have also commented on SCHW. Truist Financial upped their price target on shares of Charles Schwab from $97.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, June 16th. Cowen restated a “buy” rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Piper Sandler increased their target price on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Keefe, Bruyette & Woods increased their target price on shares of Charles Schwab from $90.00 to $93.00 and gave the company an “outperform” rating in a research report on Tuesday, April 22nd. Finally, William Blair lowered shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.30.

Check Out Our Latest Research Report on Charles Schwab

Charles Schwab Stock Up 0.4%

SCHW traded up $0.36 during trading on Monday, hitting $92.33. The company had a trading volume of 823,660 shares, compared to its average volume of 9,565,547. The company has a market cap of $167.76 billion, a PE ratio of 27.97, a P/E/G ratio of 0.97 and a beta of 0.93. The business has a 50-day moving average of $88.53 and a 200-day moving average of $81.49. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.53 and a quick ratio of 0.53. Charles Schwab has a 1-year low of $61.01 and a 1-year high of $93.35.

Charles Schwab (NYSE:SCHW – Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.46 billion. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. During the same period in the prior year, the company posted $0.74 earnings per share. As a group, analysts forecast that Charles Schwab will post 4.22 earnings per share for the current year.

Insider Activity at Charles Schwab

In other news, Director Paula A. Sneed sold 8,647 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $88.06, for a total value of $761,454.82. Following the completion of the sale, the director directly owned 105,654 shares of the company’s stock, valued at approximately $9,303,891.24. This represents a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan M. Craig sold 47,500 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total value of $4,201,850.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 119,905 shares of company stock valued at $10,530,833. 6.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cary Street Partners Financial LLC bought a new position in Charles Schwab in the fourth quarter worth $1,455,000. Graham Capital Management L.P. grew its holdings in shares of Charles Schwab by 248.3% in the 4th quarter. Graham Capital Management L.P. now owns 112,376 shares of the financial services provider’s stock worth $8,317,000 after purchasing an additional 80,112 shares during the last quarter. World Investment Advisors grew its holdings in shares of Charles Schwab by 7.6% in the 1st quarter. World Investment Advisors now owns 163,007 shares of the financial services provider’s stock worth $12,760,000 after purchasing an additional 11,505 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Charles Schwab by 14.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 146,392 shares of the financial services provider’s stock valued at $11,460,000 after acquiring an additional 18,280 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Charles Schwab by 17.2% in the 1st quarter. State of Alaska Department of Revenue now owns 199,687 shares of the financial services provider’s stock worth $15,631,000 after acquiring an additional 29,255 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

About Charles Schwab

(Get Free Report)

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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