Charles Schwab (NYSE:SCHW) Price Target Raised to $110.00 at JMP Securities

Charles Schwab (NYSE:SCHW - Get Free Report) had its price target hoisted by analysts at JMP Securities from $106.00 to $110.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "market outperform" rating on the financial services provider's stock. JMP Securities' target price indicates a potential upside of 15.20% from the stock's current price.

A number of other equities research analysts have also recently commented on SCHW. Cowen reiterated a "buy" rating on shares of Charles Schwab in a report on Tuesday, May 20th. Truist Financial raised their price objective on Charles Schwab from $100.00 to $107.00 and gave the stock a "buy" rating in a report on Monday. TD Securities raised their price objective on Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Morgan Stanley restated an "overweight" rating and set a $117.00 price objective (up previously from $83.00) on shares of Charles Schwab in a report on Tuesday, July 15th. Finally, Bank of America raised their price objective on Charles Schwab from $83.00 to $84.00 and gave the stock an "underperform" rating in a report on Monday. Two 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, the stock has an average rating of "Moderate Buy" and an average target price of $98.65.

Charles Schwab Trading Down 0.8%

NYSE:SCHW traded down $0.76 on Monday, reaching $95.49. The company's stock had a trading volume of 8,863,789 shares, compared to its average volume of 9,354,105. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.53. The firm has a market cap of $173.50 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 1.00 and a beta of 0.93. Charles Schwab has a 12-month low of $61.15 and a 12-month high of $97.50. The stock has a 50 day moving average price of $89.44 and a 200 day moving average price of $82.15.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Friday, July 18th. The financial services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.10 by $0.04. The firm had revenue of $5.85 billion during the quarter, compared to analysts' expectations of $5.64 billion. Charles Schwab had a return on equity of 19.73% and a net margin of 33.68%. Charles Schwab's revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.73 EPS. On average, equities analysts anticipate that Charles Schwab will post 4.22 EPS for the current fiscal year.

Insider Buying and Selling at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 10,176 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total value of $889,280.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan M. Craig sold 47,500 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total transaction of $4,201,850.00. The disclosure for this sale can be found here. Insiders sold 116,313 shares of company stock valued at $10,264,091 over the last 90 days. Insiders own 6.30% of the company's stock.

Hedge Funds Weigh In On Charles Schwab

Large investors have recently modified their holdings of the company. Simplicity Wealth LLC lifted its position in Charles Schwab by 134.2% during the second quarter. Simplicity Wealth LLC now owns 10,996 shares of the financial services provider's stock valued at $1,003,000 after purchasing an additional 6,300 shares during the last quarter. OLD National Bancorp IN raised its stake in shares of Charles Schwab by 22.4% during the second quarter. OLD National Bancorp IN now owns 20,358 shares of the financial services provider's stock worth $1,857,000 after acquiring an additional 3,727 shares in the last quarter. Sutton Place Investors LLC raised its stake in shares of Charles Schwab by 2.1% during the second quarter. Sutton Place Investors LLC now owns 8,860 shares of the financial services provider's stock worth $808,000 after acquiring an additional 183 shares in the last quarter. Mount Vernon Associates Inc. MD raised its stake in shares of Charles Schwab by 0.7% during the second quarter. Mount Vernon Associates Inc. MD now owns 30,300 shares of the financial services provider's stock worth $2,765,000 after acquiring an additional 200 shares in the last quarter. Finally, Talbot Financial LLC raised its stake in shares of Charles Schwab by 16.3% during the second quarter. Talbot Financial LLC now owns 184,574 shares of the financial services provider's stock worth $16,841,000 after acquiring an additional 25,913 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

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.