Charles Schwab (NYSE:SCHW) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Charles Schwab (NYSE:SCHW) had its target price boosted by Deutsche Bank Aktiengesellschaft from $77.00 to $80.00 in a research report released on Monday,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other analysts also recently weighed in on the stock. Morgan Stanley increased their price target on shares of Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on shares of Charles Schwab from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods upped their price objective on shares of Charles Schwab from $76.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Citigroup reduced their target price on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, September 27th. Finally, Wells Fargo & Company increased their price target on Charles Schwab from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $74.18.

Charles Schwab Stock Up 2.5 %

Shares of NYSE:SCHW opened at $80.19 on Monday. Charles Schwab has a one year low of $55.09 and a one year high of $82.50. The stock has a market cap of $142.71 billion, a price-to-earnings ratio of 31.32, a P/E/G ratio of 1.71 and a beta of 0.96. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.42. The company has a 50 day moving average of $68.05 and a 200-day moving average of $69.54.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the previous year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts forecast that Charles Schwab will post 3.12 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.25 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.25%. Charles Schwab’s dividend payout ratio is presently 39.06%.

Insider Buying and Selling at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the transaction, the director now owns 554,929 shares in the company, valued at approximately $35,543,202.45. This represents a 1.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the sale, the insider now owns 18,069 shares of the company’s stock, valued at $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 103,645 shares of company stock worth $7,440,627 over the last quarter. 6.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Charles Schwab

Institutional investors have recently modified their holdings of the business. Country Trust Bank bought a new stake in Charles Schwab in the 2nd quarter valued at about $26,000. Capital Performance Advisors LLP bought a new stake in shares of Charles Schwab in the third quarter valued at approximately $25,000. Washington Trust Advisors Inc. grew its position in Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares in the last quarter. Fortitude Family Office LLC increased its stake in Charles Schwab by 97.5% during the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 192 shares during the period. Finally, American Capital Advisory LLC acquired a new position in Charles Schwab in the 2nd quarter valued at $27,000. Institutional investors own 84.38% of the company’s stock.

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.