Charles Schwab (NYSE:SCHW) Earns “Market Outperform” Rating from JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Charles Schwab (NYSE:SCHW) in a report issued on Tuesday, Benzinga reports. They currently have a $80.00 price target on the financial services provider’s stock.

SCHW has been the topic of a number of other research reports. The Goldman Sachs Group reissued a neutral rating and issued a $71.00 price objective (up previously from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. TD Cowen boosted their price objective on Charles Schwab from $87.00 to $92.00 and gave the stock a buy rating in a research note on Tuesday. Keefe, Bruyette & Woods boosted their price objective on Charles Schwab from $75.00 to $76.00 and gave the stock a market perform rating in a research note on Tuesday. Citigroup boosted their target price on Charles Schwab from $70.00 to $75.00 and gave the stock a neutral rating in a research report on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Charles Schwab from $75.00 to $77.00 and gave the stock a buy rating in a research report on Tuesday, March 19th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Charles Schwab has a consensus rating of Hold and a consensus target price of $74.47.

Charles Schwab Trading Up 0.6 %

Shares of SCHW stock opened at $72.92 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. Charles Schwab has a 1 year low of $45.65 and a 1 year high of $73.88. The stock has a fifty day moving average of $68.38 and a two-hundred day moving average of $62.89. The firm has a market capitalization of $129.51 billion, a PE ratio of 30.51, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The company had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter in the previous year, the business earned $1.07 EPS. The company’s quarterly revenue was down 18.9% compared to the same quarter last year. As a group, research analysts expect that Charles Schwab will post 3.41 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s payout ratio is 41.84%.

Insider Activity at Charles Schwab

In related news, CFO Peter B. Crawford sold 5,482 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $73.46, for a total transaction of $402,707.72. Following the transaction, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at $4,449,251.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Charles Schwab news, CFO Peter B. Crawford sold 5,482 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $73.46, for a total value of $402,707.72. Following the transaction, the chief financial officer now owns 60,567 shares in the company, valued at $4,449,251.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter B. Crawford sold 4,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the completion of the transaction, the chief financial officer now owns 37,611 shares in the company, valued at approximately $2,425,533.39. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 312,800 shares of company stock valued at $21,081,569. Company insiders own 6.60% of the company’s stock.

Institutional Trading of Charles Schwab

Several large investors have recently made changes to their positions in the stock. Dodge & Cox boosted its stake in shares of Charles Schwab by 10.5% during the 4th quarter. Dodge & Cox now owns 86,421,986 shares of the financial services provider’s stock worth $5,945,833,000 after acquiring an additional 8,182,467 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Charles Schwab by 33.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock worth $4,771,985,000 after purchasing an additional 17,369,091 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Charles Schwab by 4.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock worth $2,132,454,000 after purchasing an additional 1,219,015 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Charles Schwab by 1.5% during the 1st quarter. Geode Capital Management LLC now owns 27,050,168 shares of the financial services provider’s stock worth $1,413,244,000 after purchasing an additional 391,238 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Charles Schwab by 62.5% during the 4th quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock worth $1,853,005,000 after purchasing an additional 8,563,389 shares during the last quarter. 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.