Charles Schwab (NYSE:SCHW) Given New $94.00 Price Target at Jefferies Financial Group

Charles Schwab (NYSE:SCHW) had its target price hoisted by Jefferies Financial Group from $84.00 to $94.00 in a research note published on Monday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

SCHW has been the subject of several other research reports. JPMorgan Chase & Co. upped their price target on Charles Schwab from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Morgan Stanley upped their price objective on Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Barclays upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $74.00 to $95.00 in a research note on Monday. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $78.81.

Charles Schwab Trading Up 0.0 %

Shares of Charles Schwab stock opened at $81.50 on Monday. The stock has a fifty day simple moving average of $74.41 and a 200 day simple moving average of $70.16. Charles Schwab has a 12-month low of $59.67 and a 12-month high of $83.35. The company has a market capitalization of $145.04 billion, a P/E ratio of 31.84, a price-to-earnings-growth ratio of 1.77 and a beta of 0.96. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $4.78 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. Charles Schwab’s revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Charles Schwab will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. Charles Schwab’s payout ratio is currently 39.06%.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the transaction, the insider now directly owns 18,069 shares in the company, valued at approximately $1,481,838.69. This represents a 11.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nigel J. Murtagh sold 12,739 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the transaction, the insider now owns 59,092 shares in the company, valued at $4,796,497.64. This trade represents a 17.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 127,968 shares of company stock valued at $9,419,271 in the last 90 days. Corporate insiders own 6.60% of the company’s stock.

Hedge Funds Weigh In On Charles Schwab

Institutional investors and hedge funds have recently bought and sold shares of the stock. Washington Trust Advisors Inc. grew its position in Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 149 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Charles Schwab in the 3rd quarter worth approximately $25,000. American Capital Advisory LLC purchased a new stake in Charles Schwab in the 2nd quarter worth approximately $27,000. CGC Financial Services LLC purchased a new stake in Charles Schwab in the 2nd quarter worth approximately $29,000. Finally, Mizuho Securities Co. Ltd. purchased a new stake in Charles Schwab in the 2nd quarter worth approximately $29,000. 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.