Charles Schwab (NYSE:SCHW) Given “Market Outperform” Rating at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Charles Schwab (NYSE:SCHW) in a research note released on Monday,Benzinga reports. JMP Securities currently has a $94.00 price objective on the financial services provider’s stock, up from their previous price objective of $84.00.

Several other research firms also recently weighed in on SCHW. Wells Fargo & Company lifted their target price on Charles Schwab from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Citigroup dropped their target price on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, September 27th. Keefe, Bruyette & Woods lifted their price target on shares of Charles Schwab from $76.00 to $81.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. upped their price objective on shares of Charles Schwab from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group reduced their price target on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating for the company in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Charles Schwab currently has an average rating of “Hold” and a consensus price target of $78.81.

Charles Schwab Stock Performance

Charles Schwab stock opened at $81.50 on Monday. The company’s 50-day moving average price is $74.41 and its 200-day moving average price is $70.16. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a market cap of $145.04 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 1.77 and a beta of 0.96. Charles Schwab has a twelve month low of $59.67 and a twelve month high of $83.35.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.77 earnings per share. On average, equities research analysts forecast that Charles Schwab will post 3.12 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Insider Buying and Selling at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the sale, the director now owns 554,929 shares in the company, valued at $35,543,202.45. This represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the transaction, the insider now owns 18,069 shares of the company’s stock, valued at $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. In the last quarter, insiders have sold 127,968 shares of company stock worth $9,419,271. 6.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. RFG Advisory LLC boosted its holdings in Charles Schwab by 7.4% in the 2nd quarter. RFG Advisory LLC now owns 8,806 shares of the financial services provider’s stock valued at $649,000 after purchasing an additional 610 shares during the last quarter. Diversified Trust Co lifted its holdings in Charles Schwab by 26.0% in the second quarter. Diversified Trust Co now owns 7,737 shares of the financial services provider’s stock valued at $570,000 after acquiring an additional 1,595 shares during the last quarter. NorthCrest Asset Manangement LLC grew its position in Charles Schwab by 2.7% in the second quarter. NorthCrest Asset Manangement LLC now owns 15,519 shares of the financial services provider’s stock worth $1,144,000 after acquiring an additional 405 shares during the period. Great Valley Advisor Group Inc. increased its stake in Charles Schwab by 7.5% during the second quarter. Great Valley Advisor Group Inc. now owns 25,163 shares of the financial services provider’s stock worth $1,854,000 after acquiring an additional 1,758 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. raised its position in Charles Schwab by 69.3% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 7,810 shares of the financial services provider’s stock valued at $576,000 after purchasing an additional 3,196 shares during the period. 84.38% of the stock is currently owned by hedge funds and other 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.