Charles Schwab (NYSE: SCHW – Get a rating) saw its price target lowered by Morgan Stanley stock research analysts from $132.00 to $123.00 in a report on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on shares of the financial services provider. Morgan Stanley’s target price would indicate a potential upside of 76.19% from the stock’s previous close.
A number of other stock analysts have also commented on SCHW. Citigroup raised its price target on Charles Schwab shares from $87.50 to $90.00 and gave the stock a “buy” rating in a report on Friday. Argus raised its price target on Charles Schwab shares from $90.00 to $100.00 and gave the company a “buy” rating in a Friday, Jan. 21 research note. JMP Securities downgraded shares of Charles Schwab from an “outperforming” rating to a “market performing” rating in a Monday, Jan. 10 research note. Zacks Investment Research downgraded Charles Schwab shares from a “buy” rating to a “hold” rating and set a price target of $91.00 for the company. in a Monday, February 21 research report. Finally, Goldman Sachs Group raised its price target on Charles Schwab shares from $83.00 to $94.00 and gave the company a “neutral” rating in a Tuesday, January 11 research report. Five equity research analysts gave the stock a hold rating and fourteen gave the stock a buy rating. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $94.88.
SCHW Share traded down $0.51 during Monday’s trading, hitting $69.81. The stock had a trading volume of 118,613 shares, against an average volume of 8,914,506. Charles Schwab has a 1-year low of $65.73 and a 1-year high of $96.24. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt ratio of 0.41. The company has a market capitalization of $126.78 billion, a P/E ratio of 25.53, a PEG ratio of 0.75 and a beta of 1.00. The company has a fifty-day moving average price of $83.49 and a 200-day moving average price of $84.22.
Charles Schwab (NYSE: SCHW – Get a rating) last released its quarterly earnings data on Monday, April 18. The financial services provider reported EPS of $0.77 for the quarter, missing analyst consensus estimates of $0.84 per ($0.07). Charles Schwab had a return on equity of 13.67% and a net margin of 31.24%. The company posted revenue of $4.67 billion in the quarter, versus analyst estimates of $4.82 billion. In the same quarter of the previous year, the company achieved EPS of $0.84. The company’s quarterly revenue fell 0.9% from the same quarter last year. Sell-side analysts expect Charles Schwab to post EPS of 4.07 for the current year.
In other Charles Schwab news, Chairman Charles R. Schwab sold 1,420 shares in a trade that took place on Tuesday, February 1. The shares were sold at an average price of $89.43, for a total value of $126,990.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at this hyperlink. Also, VPE Peter J. Morgan III sold 2,239 shares in a trade on Monday, January 31. The stock was sold at an average price of $87.14, for a total transaction of $195,106.46. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 574,625 shares of the company valued at $51,649,366. 7.50% of the shares are held by insiders.
A number of large investors have recently bought and sold SCHW shares. Steph & Co. acquired a new position in Charles Schwab in Q4 worth $25,000. Industrial Alliance Investment Management Inc. acquired a new position in Charles Schwab in Q4 worth $25,000. SBK Financial Inc. acquired a new position in Charles Schwab in Q4 worth $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in Charles Schwab in Q3 worth $26,000. Finally, Annapolis Financial Services LLC increased its stake in Charles Schwab by 135.5% in the third quarter. Annapolis Financial Services LLC now owns 365 shares of the financial services provider valued at $27,000 after buying an additional 210 shares in the last quarter. Institutional investors and hedge funds own 71.58% of the company’s shares.
Charles Schwab Company Profile (Get a rating)
The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custodial and financial advisory services. The Company operates through two segments, Investor Services and Advisory Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, pension plan and other corporate brokerage services; equity compensation plan sponsors maintaining full-service records for equity plans, stock options, restricted stock, performance stock and stock appreciation rights; and clearing services for retail investors and mutual funds, as well as compliance solutions.
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