Charles Schwab (NYSE:SCHW) Given New $106.00 Price Target at Barclays

Charles Schwab (NYSE:SCHW - Get Free Report) had its price objective upped by analysts at Barclays from $89.00 to $106.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the financial services provider's stock. Barclays's target price suggests a potential upside of 13.96% from the company's current price.

Several other analysts have also issued reports on the stock. Raymond James Financial upped their price target on shares of Charles Schwab from $91.00 to $99.00 and gave the company an "outperform" rating in a research report on Wednesday. The Goldman Sachs Group upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a research report on Friday, April 25th. TD Securities upped their price target on shares of Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Redburn Atlantic upgraded shares of Charles Schwab from a "sell" rating to a "neutral" rating and upped their price target for the company from $65.00 to $82.00 in a research report on Monday, June 9th. Finally, Citigroup upped their price target on shares of Charles Schwab from $102.00 to $105.00 and gave the company a "buy" rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Charles Schwab presently has an average rating of "Moderate Buy" and an average price target of $91.95.

Charles Schwab Price Performance

NYSE:SCHW traded up $0.70 during midday trading on Thursday, hitting $93.02. The company had a trading volume of 6,717,067 shares, compared to its average volume of 9,563,354. Charles Schwab has a 52-week low of $61.01 and a 52-week high of $93.35. The stock's fifty day moving average price is $88.12 and its 200-day moving average price is $81.16. The company has a market capitalization of $169.01 billion, a PE ratio of 28.19, a P/E/G ratio of 0.98 and a beta of 0.93. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.53.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.03. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. The company had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same period in the previous year, the business earned $0.74 earnings per share. As a group, research analysts expect that Charles Schwab will post 4.22 earnings per share for the current year.

Insider Buying and Selling at Charles Schwab

In related news, insider Jonathan M. Craig sold 47,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total transaction of $4,201,850.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total transaction of $889,280.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,905 shares of company stock valued at $10,530,833. 6.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Charles Schwab

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atwood & Palmer Inc. purchased a new position in shares of Charles Schwab during the 1st quarter worth $25,000. Westside Investment Management Inc. boosted its stake 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 worth $27,000 after acquiring an additional 150 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its stake 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 valued at $30,000 after buying an additional 191 shares in the last quarter. Stone House Investment Management LLC purchased a new position in shares of Charles Schwab during the 1st quarter valued at $31,000. Finally, Activest Wealth Management lifted its stake in shares of Charles Schwab by 6,650.0% during the 1st quarter. Activest Wealth Management now owns 405 shares of the financial services provider's stock valued at $32,000 after buying an additional 399 shares in the last quarter. 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.

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