Charles Schwab (NYSE:SCHW) Receives Market Outperform Rating from JMP Securities

Charles Schwab (NYSE:SCHW)‘s stock had its “market outperform” rating reiterated by equities researchers at JMP Securities in a report issued on Monday,Benzinga reports. They currently have a $94.00 target price on the financial services provider’s stock. JMP Securities’ price target points to a potential upside of 26.33% from the stock’s current price.

Other research analysts have also issued reports about the stock. Piper Sandler lifted their price target on shares of Charles Schwab from $74.00 to $80.00 in a report on Thursday. Redburn Partners cut their target price on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research report on Friday, January 17th. UBS Group raised their target price on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 27th. TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Charles Schwab has a consensus rating of “Moderate Buy” and a consensus price target of $85.56.

Charles Schwab Stock Performance

Shares of NYSE:SCHW traded down $1.74 on Monday, reaching $74.41. The company’s stock had a trading volume of 2,214,730 shares, compared to its average volume of 9,272,472. The stock has a market capitalization of $134.95 billion, a P/E ratio of 24.89, a PEG ratio of 0.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The stock’s 50-day moving average is $77.16 and its two-hundred day moving average is $76.67. Charles Schwab has a 52-week low of $61.01 and a 52-week high of $84.50.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the previous year, the company posted $0.74 EPS. As a group, sell-side analysts forecast that Charles Schwab will post 4.22 EPS for the current year.

Insider Buying and Selling

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul V. Woolway sold 9,887 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total value of $745,282.06. Following the completion of the sale, the insider now directly owns 47,931 shares of the company’s stock, valued at $3,613,038.78. This represents a 17.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 513,081 shares of company stock valued at $41,903,066 in the last three months. Insiders own 6.30% of the company’s stock.

Institutional Trading of Charles Schwab

A number of hedge funds and other institutional investors have recently made changes to their positions in SCHW. Gladstone Institutional Advisory LLC grew its stake in shares of Charles Schwab by 2.0% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider’s stock valued at $462,000 after buying an additional 124 shares during the last quarter. N.E.W. Advisory Services LLC increased its stake in shares of Charles Schwab by 1.7% in the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock worth $557,000 after acquiring an additional 125 shares in the last quarter. Klingman & Associates LLC boosted its position in shares of Charles Schwab by 3.2% in the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 125 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV grew its stake in shares of Charles Schwab by 2.7% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 127 shares during the last quarter. Finally, Personal CFO Solutions LLC raised its holdings in Charles Schwab by 1.2% in the fourth quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider’s stock worth $832,000 after buying an additional 130 shares during the last quarter. 84.38% of the stock is currently owned by 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.