Barclays Forecasts Strong Price Appreciation for Charles Schwab (NYSE:SCHW) Stock

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

SCHW has been the topic of a number of other research reports. TD Securities boosted their price objective on Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Redburn Atlantic raised Charles Schwab from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $65.00 to $82.00 in a research note on Monday, June 9th. JMP Securities reissued a "market outperform" rating and set a $94.00 price objective on shares of Charles Schwab in a research note on Monday, April 21st. Keefe, Bruyette & Woods boosted their price objective on Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company lowered their price objective on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $92.70.

Charles Schwab Price Performance

Shares of NYSE:SCHW traded down $1.08 during trading on Thursday, reaching $91.96. The stock had a trading volume of 6,814,781 shares, compared to its average volume of 9,599,814. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.53 and a current ratio of 0.53. The business has a fifty day moving average price of $88.53 and a 200-day moving average price of $81.45. The stock has a market cap of $167.09 billion, a PE ratio of 27.87, a PEG ratio of 0.97 and a beta of 0.93. Charles Schwab has a 1-year low of $61.01 and a 1-year high of $93.35.

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

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a $0.27 dividend. 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 dividend payout ratio is currently 32.73%.

Insider Buying and Selling

In other news, insider Nigel J. Murtagh sold 20,872 shares of Charles Schwab stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total value of $1,878,688.72. Following the completion of the sale, the insider directly owned 58,999 shares of the company's stock, valued at approximately $5,310,499.99. The trade was a 26.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 3,290 shares of Charles Schwab stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $90.95, for a total value of $299,225.50. Following the completion of the sale, the insider directly owned 35,864 shares of the company's stock, valued at $3,261,830.80. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, 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 have recently modified their holdings of the company. Cary Street Partners Financial LLC acquired a new stake in shares of Charles Schwab in the fourth quarter valued at $1,455,000. Graham Capital Management L.P. grew its stake in Charles Schwab by 248.3% during the 4th quarter. Graham Capital Management L.P. now owns 112,376 shares of the financial services provider's stock worth $8,317,000 after purchasing an additional 80,112 shares in the last quarter. World Investment Advisors grew its stake in Charles Schwab by 7.6% during the 1st quarter. World Investment Advisors now owns 163,007 shares of the financial services provider's stock worth $12,760,000 after purchasing an additional 11,505 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Charles Schwab by 14.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 146,392 shares of the financial services provider's stock worth $11,460,000 after purchasing an additional 18,280 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in Charles Schwab by 17.2% during the 1st quarter. State of Alaska Department of Revenue now owns 199,687 shares of the financial services provider's stock worth $15,631,000 after purchasing an additional 29,255 shares in the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

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.