JPMorgan Chase & Co. Raises Charles Schwab (NYSE:SCHW) Price Target to $95.00

Charles Schwab (NYSE:SCHW - Free Report) had its price objective upped by JPMorgan Chase & Co. from $92.00 to $95.00 in a research note issued to investors on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider's stock.

Other analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft lifted their target price on Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. UBS Group upped their target price on Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Citigroup upgraded Charles Schwab from a "neutral" rating to a "buy" rating and increased their target price for the company from $85.00 to $102.00 in a research note on Wednesday, April 2nd. TD Cowen upgraded shares of Charles Schwab from a "hold" rating to a "buy" rating and lifted their price target for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Finally, JMP Securities reduced their price objective on shares of Charles Schwab from $96.00 to $94.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, Charles Schwab has a consensus rating of "Moderate Buy" and a consensus target price of $87.22.

Charles Schwab Stock Up 0.7 %

Charles Schwab stock traded up $0.58 during midday trading on Monday, hitting $79.96. 7,781,018 shares of the company were exchanged, compared to its average volume of 9,350,341. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. Charles Schwab has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The company's fifty day moving average price is $76.82 and its 200-day moving average price is $76.96. The company has a market cap of $145.01 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91.

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 for the quarter, beating the consensus estimate of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same period in the prior year, the firm earned $0.74 earnings per share. On average, research analysts predict that Charles Schwab will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.35%. The ex-dividend date is Friday, May 9th. Charles Schwab's dividend payout ratio is presently 32.73%.

Insider Activity

In related news, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the sale, the chairman now directly owns 827,377 shares in the company, valued at $67,770,450.07. This trade represents a 35.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frank C. Herringer sold 3,592 shares of the company's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the completion of the transaction, the director now owns 172,162 shares of the company's stock, valued at approximately $12,784,750.12. This trade represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 493,482 shares of company stock valued at $40,288,720. 6.30% of the stock is currently owned by company insiders.

Institutional Trading of Charles Schwab

Several hedge funds have recently added to or reduced their stakes in the business. Atwood & Palmer Inc. acquired a new position in shares of Charles Schwab during the first quarter valued at $25,000. Westside Investment Management Inc. increased its stake in 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 buying an additional 150 shares during the period. WFA Asset Management Corp acquired a new position in Charles Schwab during the 1st quarter valued at about $33,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Charles Schwab in the 4th quarter worth approximately $38,000. Finally, Beacon Capital Management LLC boosted its holdings in shares of Charles Schwab by 53.1% in the first quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 169 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.