Charles Schwab (NYSE: SCHW) Price target raised to $ 90.00
Charles Schwab (NYSE: SCHW) saw its price target raised by analysts at UBS Group from $ 83.00 to $ 90.00 in a research report released Tuesday, Benzinga reports. The brokerage firm currently has a “neutral” rating on the shares of the financial services provider. The UBS Group price target would suggest a potential rise of 0.82% from the security’s previous close.
Several other research companies have also weighed on SCHW. Morgan Stanley raised its price target for Charles Schwab from $ 97.00 to $ 115 and rated the company “overweight” in a report released on Tuesday, October 26. They noted that the move was an appraisal call. Wolfe Research lowered its target price on Charles Schwab from $ 94.00 to $ 90.00 and set an “outperform” rating on the stock in a report released on Friday, October 22. Zacks Investment Research downgraded Charles Schwab from a “buy” rating to a “hold” rating and set a target price of $ 85.00 for the stock. in a report on Tuesday, December 7. Citigroup raised its price target on Charles Schwab from $ 98.00 to $ 100.00 and gave the company a “buy” rating in a report released on Friday, October 22. Finally, Piper Sandler raised her price target on Charles Schwab from $ 84.00 to $ 90.00 and assigned the company an “overweight” rating in a report released on Friday, October 22. Four equity research analysts rated the stock with a conservation rating and fourteen gave the stock a buy rating. Based on MarketBeat data, Charles Schwab currently has a consensus rating of “Buy” and an average target price of $ 88.11.
SCHW stock traded up $ 3.51 on Tuesday, reaching $ 89.27. 202,315 shares of the company were traded, for an average volume of 6,756,173. The stock has a fifty-day moving average of $ 81.93 and a 200-day moving average of $ 76.04. Charles Schwab has a twelve month minimum of $ 50.76 and a twelve month maximum of $ 86.43. The company has a market cap of $ 161.70 billion, a PE ratio of 33.94, a P / E / G ratio of 1.15 and a beta of 1.04. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt ratio of 0.41.
Charles Schwab (NYSE: SCHW) last announced its quarterly earnings data on Thursday, October 14. The financial services provider reported earnings per share of $ 0.84 for the quarter, beating the Zacks’ consensus estimate of $ 0.81 by $ 0.03. Charles Schwab had a return on equity of 13.53% and a net margin of 30.08%. The company posted revenue of $ 4.57 billion for the quarter, compared to analysts’ estimates of $ 4.51 billion. In the same quarter of the previous year, the company posted earnings per share of $ 0.51. Charles Schwab’s quarterly revenue increased 86.7% year-on-year. On average, equity research analysts predict Charles Schwab will post 3.23 EPS for the current fiscal year.
In addition, President Charles R. Schwab sold 60,000 shares of the company in a transaction dated Monday, December 27. The stock was sold for an average price of $ 85.43, for a total value of $ 5,125,800.00. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. In addition, CEO Walter W. Bettinger sold 245,239 shares of the company in a transaction dated Tuesday, October 19. The stock was sold for an average price of $ 81.12, for a total value of $ 19,893,787.68. Disclosure of this sale can be found here. Insiders sold 1,239,428 shares of the company valued at $ 101,124,408 during the last quarter. 7.50% of the shares are currently held by insiders of the company.
Several institutional investors have recently increased or reduced their stakes in the company. Park National Corp OH increased its holdings of Charles Schwab shares by 2,721.3% in the 4th quarter. Park National Corp OH now owns 82,608 shares of the financial services provider valued at $ 6,947,000 after purchasing an additional 79,680 shares during the period. First Financial Bank Trust Division increased its stake in Charles Schwab shares by 1.5% in the 4th quarter. First Financial Bank Trust Division now owns 98,294 shares of the financial services provider valued at $ 8,266,000 after purchasing 1,439 additional shares during the period. Segall Bryant & Hamill LLC increased its stake in Charles Schwab shares by 146.4% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 12,468 shares of the financial services provider valued at $ 907,000 after purchasing an additional 7,408 shares during the period. Hudson Bay Capital Management LP increased its stake in Charles Schwab shares by 25.0% in the third quarter. Hudson Bay Capital Management LP now owns 125,000 shares of the financial services provider valued at $ 9,105,000 after purchasing an additional 25,000 shares last quarter. Finally, Moors & Cabot Inc. increased its stake in Charles Schwab shares by 6.2% in the third quarter. Moors & Cabot Inc. now owns 6,009 shares of the financial services provider valued at $ 437,000 after purchasing 350 additional shares last quarter. Institutional investors hold 71.46% of the shares of the company.
About Charles Schwab
The Charles Schwab Corp. is a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody and financial advisory services. It operates through the Investor Services and Advisor Services segments. The Investor Services segment comprises retail brokerage and retail investor banking services, and pension plan services, as well as other corporate, corporate and employee brokerage services.
Further reading: price / earnings ratio (PE)
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