Charles Schwab (NYSE:SCHW) Price Target Raised to $106.00 at Barclays

Charles Schwab (NYSE:SCHW - Free Report) had its price target increased by Barclays from $89.00 to $106.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an overweight rating on the financial services provider's stock.

SCHW has been the subject of several other research reports. The Goldman Sachs Group upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a research report on Friday, April 25th. Wells Fargo & Company cut their price target on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Cowen reiterated a "buy" rating on shares of Charles Schwab in a report on Tuesday, May 20th. Piper Sandler raised their target price on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Finally, William Blair cut shares of Charles Schwab from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Charles Schwab presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.70.

Charles Schwab Trading Down 0.7%

SCHW stock traded down $0.70 during trading on Thursday, reaching $92.34. 1,514,140 shares of the stock were exchanged, compared to its average volume of 9,551,712. Charles Schwab has a 1 year low of $61.01 and a 1 year high of $93.35. The firm has a market capitalization of $167.78 billion, a price-to-earnings ratio of 27.98, a P/E/G ratio of 0.97 and a beta of 0.93. The business has a 50 day moving average price of $88.35 and a 200-day moving average price of $81.29. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. The firm had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. During the same quarter in the previous year, the business posted $0.74 earnings per share. On average, research analysts predict that Charles Schwab will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a dividend of $0.27 per share. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.17%. Charles Schwab's payout ratio is currently 32.73%.

Insider Buying and Selling

In other news, Director Paula A. Sneed sold 8,647 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $88.06, for a total value of $761,454.82. Following the completion of the sale, the director directly owned 105,654 shares in the company, valued at approximately $9,303,891.24. This trade represents a 7.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total value of $889,280.64. The disclosure for this sale can be found here. Insiders sold 119,905 shares of company stock valued at $10,530,833 in the last ninety days. Company insiders own 6.30% of the company's stock.

Hedge Funds Weigh In On Charles Schwab

Several institutional investors have recently modified their holdings of the business. Atwood & Palmer Inc. acquired a new position in shares of Charles Schwab during the 1st quarter worth approximately $25,000. Westside Investment Management Inc. lifted its position in shares of Charles Schwab by 75.0% during the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 150 shares during the period. CBIZ Investment Advisory Services LLC raised its holdings in shares of Charles Schwab by 97.9% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider's stock worth $30,000 after buying an additional 191 shares in the last quarter. Stone House Investment Management LLC acquired a new position in shares of Charles Schwab during the 1st quarter worth $31,000. Finally, Activest Wealth Management increased its holdings in Charles Schwab by 6,650.0% in the 1st quarter. Activest Wealth Management now owns 405 shares of the financial services provider's stock worth $32,000 after purchasing an additional 399 shares in 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.