UBS Group Issues Positive Forecast for Charles Schwab (NYSE:SCHW) Stock Price

Charles Schwab (NYSE:SCHW) had its target price upped by UBS Group from $90.00 to $95.00 in a report issued on Monday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other equities analysts also recently commented on SCHW. Morgan Stanley boosted their price objective on shares of Charles Schwab from $74.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. The Goldman Sachs Group upped their price objective on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Redburn Partners reduced their target price on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $89.00 to $93.00 in a report on Wednesday, January 22nd. Finally, StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” 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 stock. According to MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and an average price target of $84.11.

Charles Schwab Trading Up 0.7 %

SCHW opened at $82.36 on Monday. 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 stock’s fifty day moving average is $77.81 and its two-hundred day moving average is $70.83. The company has a market capitalization of $146.58 billion, a P/E ratio of 27.55, a PEG ratio of 1.46 and a beta of 0.99. Charles Schwab has a 52 week low of $61.01 and a 52 week high of $83.35.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $5,190,822.51 billion. During the same quarter last year, the firm posted $0.68 earnings per share. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. Analysts forecast that Charles Schwab will post 4.09 earnings per share for the current year.

Insider Transactions at Charles Schwab

In related news, Director Christopher V. Dodds sold 9,284 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $81.43, for a total transaction of $755,996.12. Following the completion of the transaction, the director now owns 442,807 shares in the company, valued at $36,057,774.01. This represents a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the sale, the director now owns 18,617 shares in the company, valued at approximately $1,523,242.94. The trade was a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,014 shares of company stock valued at $4,052,281 in the last ninety days. 6.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Charles Schwab

Hedge funds and other institutional investors have recently made changes to their positions in the company. Washington Trust Advisors Inc. raised its holdings in Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 149 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Charles Schwab in the third quarter valued at approximately $25,000. Prospera Private Wealth LLC purchased a new position in Charles Schwab during the third quarter worth approximately $31,000. Future Financial Wealth Managment LLC acquired a new position in Charles Schwab during the third quarter worth $32,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in Charles Schwab in the 3rd quarter valued at $33,000. Hedge funds and other 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.