Charles Schwab (NYSE:SCHW) Given New $75.00 Price Target at Barclays

Charles Schwab (NYSE:SCHW) had its price target boosted by Barclays from $74.00 to $75.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

A number of other research firms have also recently commented on SCHW. TD Cowen raised Charles Schwab from a market perform rating to an outperform rating and set a $87.00 target price on the stock in a research note on Friday, March 22nd. Keefe, Bruyette & Woods lowered Charles Schwab from an outperform rating to a market perform rating and lowered their price target for the company from $75.00 to $70.00 in a report on Thursday, January 18th. Piper Sandler lifted their target price on Charles Schwab from $75.00 to $78.00 and gave the company an overweight rating in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a buy rating in a report on Tuesday, March 19th. Finally, The Goldman Sachs Group restated a neutral rating and issued a $71.00 price target (up previously from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Three research 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, Charles Schwab currently has a consensus rating of Hold and an average price target of $74.47.

Charles Schwab Trading Up 0.7 %

SCHW stock opened at $73.42 on Tuesday. Charles Schwab has a fifty-two week low of $45.65 and a fifty-two week high of $73.88. The firm has a market cap of $130.40 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 1.06 and a beta of 1.01. The firm has a fifty day moving average price of $68.58 and a 200 day moving average price of $63.02. 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 (NYSE:SCHW) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The firm 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 company posted $1.07 EPS. The company’s revenue for the quarter was down 18.9% compared to the same quarter last year. Sell-side analysts anticipate that Charles Schwab will post 3.43 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were paid a $0.25 dividend. The ex-dividend date was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Insider Activity

In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the completion of the transaction, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Charles R. Schwab sold 71,226 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.99, for a total value of $4,628,977.74. Following the completion of the sale, the chairman now owns 61,251,038 shares in the company, valued at approximately $3,980,704,959.62. The disclosure for this sale can be found here. Over the last three months, 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 Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Main Street Group LTD purchased a new stake in shares of Charles Schwab in the 4th quarter valued at approximately $29,000. Tributary Capital Management LLC acquired a new stake in shares of Charles Schwab during the first quarter valued at about $31,000. Sugarloaf Wealth Management LLC increased its holdings in Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 165 shares during the last quarter. Frazier Financial Advisors LLC purchased a new position in shares of Charles Schwab during the fourth quarter worth $30,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of Charles Schwab in the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

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.