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

Charles Schwab (NYSE:SCHW) had its price target boosted by investment analysts at Deutsche Bank Aktiengesellschaft from $98.00 to $105.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 28.11% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group raised their price target on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Truist Financial raised Charles Schwab to a “strong-buy” rating in a research note on Monday, January 6th. Cowen lifted their target price on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Finally, The Goldman Sachs Group lifted their target price on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab presently has a consensus rating of “Hold” and an average price target of $83.83.

Charles Schwab Price Performance

Charles Schwab stock opened at $81.96 on Wednesday. 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 company has a market capitalization of $145.86 billion, a PE ratio of 27.41, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99. Charles Schwab has a one year low of $61.01 and a one year high of $83.35. The business has a 50 day simple moving average of $77.75 and a 200 day simple moving average of $70.75.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5,190,822.51 billion. During the same period last year, the firm posted $0.68 EPS. The business’s revenue was up 19.5% on a year-over-year basis. On average, sell-side analysts forecast that Charles Schwab will post 4.04 EPS for the current fiscal year.

Insider Buying and Selling

In other Charles Schwab news, insider Nigel J. Murtagh sold 12,739 shares of Charles Schwab 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 transaction, the insider now directly owns 59,092 shares in the company, valued at approximately $4,796,497.64. The trade was a 17.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jonathan S. Beatty sold 2,300 shares of Charles Schwab stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the transaction, the insider now owns 18,069 shares in the company, valued at approximately $1,481,838.69. This represents a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,823 shares of company stock valued at $2,171,194 over the last three months. Company insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SCHW. Sfmg LLC lifted its holdings in Charles Schwab by 1.7% during the second quarter. Sfmg LLC now owns 57,098 shares of the financial services provider’s stock worth $4,208,000 after acquiring an additional 942 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Charles Schwab during the second quarter worth about $168,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Charles Schwab during the second quarter worth about $1,069,000. Alpha DNA Investment Management LLC boosted its position in shares of Charles Schwab by 72.0% during the second quarter. Alpha DNA Investment Management LLC now owns 30,988 shares of the financial services provider’s stock worth $2,283,000 after buying an additional 12,973 shares during the period. Finally, APG Asset Management N.V. boosted its position in shares of Charles Schwab by 6.5% during the second quarter. APG Asset Management N.V. now owns 2,458,359 shares of the financial services provider’s stock worth $169,029,000 after buying an additional 149,033 shares during the period. 84.38% of the stock is currently owned by institutional investors.

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.