UBS Group Boosts Charles Schwab (NYSE:SCHW) Price Target to $96.00

Charles Schwab (NYSE:SCHW - Get Free Report) had its target price raised by investment analysts at UBS Group from $95.00 to $96.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the financial services provider's stock. UBS Group's price objective suggests a potential upside of 20.06% from the stock's current price.

A number of other equities analysts have also recently weighed in on SCHW. JMP Securities reaffirmed a "market outperform" rating and set a $94.00 price objective on shares of Charles Schwab in a research report on Monday, April 21st. Wells Fargo & Company dropped their price objective on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and increased their target price for the stock from $85.00 to $102.00 in a research note on Wednesday, April 2nd. Redburn Partners dropped their target price on Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a research report on Friday, January 17th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $87.22.

Charles Schwab Trading Up 0.7 %

SCHW stock traded up $0.58 during trading on Tuesday, reaching $79.96. 7,781,018 shares of the stock were exchanged, compared to its average volume of 9,350,341. The business has a 50 day moving average price of $76.82 and a 200-day moving average price of $77.03. Charles Schwab has a 1 year low of $61.01 and a 1 year high of $84.50. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $145.01 billion, a price-to-earnings ratio of 26.74, a P/E/G ratio of 0.99 and a beta of 0.91.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The firm had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same period in the prior year, the firm 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.

Insider Activity at Charles Schwab

In related news, Director Frank C. Herringer sold 3,592 shares of the company's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the transaction, the director now owns 172,162 shares of the company's stock, valued at $12,784,750.12. This represents a 2.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul V. Woolway sold 3,380 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the sale, the insider now directly owns 57,818 shares of the company's stock, valued at approximately $4,586,123.76. This trade represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 493,482 shares of company stock worth $40,288,720 in the last three months. Insiders own 6.30% of the company's stock.

Hedge Funds Weigh In On Charles Schwab

A number of institutional investors and hedge funds have recently made changes to their positions in SCHW. Atwood & Palmer Inc. purchased a new position in Charles Schwab in the first quarter valued at about $25,000. Westside Investment Management Inc. grew its holdings in shares of Charles Schwab by 75.0% in 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 period. WFA Asset Management Corp purchased a new position in Charles Schwab in the 1st quarter valued at approximately $33,000. Murphy & Mullick Capital Management Corp acquired a new position in Charles Schwab during the fourth quarter worth $38,000. Finally, Beacon Capital Management LLC boosted its position in Charles Schwab by 53.1% during the first quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock worth $38,000 after purchasing an additional 169 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.