Charles Schwab (NYSE:SCHW) Raised to Buy at The Goldman Sachs Group

Charles Schwab (NYSE:SCHW - Get Free Report) was upgraded by equities research analysts at The Goldman Sachs Group from a "neutral" rating to a "buy" rating in a research report issued on Friday, Marketbeat Ratings reports. The brokerage currently has a $100.00 price target on the financial services provider's stock. The Goldman Sachs Group's price objective would indicate a potential upside of 23.93% from the stock's current price.

A number of other equities analysts also recently weighed in on SCHW. Piper Sandler lifted their target price on shares of Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Citigroup raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $85.00 to $102.00 in a research note on Wednesday, April 2nd. JMP Securities reissued a "market outperform" rating and set a $94.00 target price on shares of Charles Schwab in a research note on Monday, April 21st. JPMorgan Chase & Co. lifted their price target on shares of Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Finally, Wells Fargo & Company decreased their price target on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Charles Schwab presently has a consensus rating of "Moderate Buy" and an average price target of $87.22.

Charles Schwab Trading Down 0.7 %

Shares of NYSE:SCHW traded down $0.57 during mid-day trading on Friday, reaching $80.69. 2,407,238 shares of the company's stock were exchanged, compared to its average volume of 9,319,882. The firm has a market capitalization of $146.34 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 0.99 and a beta of 0.91. The business's fifty day moving average price is $76.77 and its 200-day moving average price is $77.22. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. Charles Schwab has a twelve month low of $61.01 and a twelve month high of $84.50.

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, topping analysts' consensus estimates 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 quarter last 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.

Insider Activity at Charles Schwab

In related news, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total transaction of $261,713.40. Following the completion of the sale, the insider now directly owns 45,824 shares of the company's stock, valued at approximately $3,548,152.32. This trade represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frank C. Herringer sold 3,592 shares of the stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $74.26, for a total value of $266,741.92. Following the sale, the director now directly owns 172,162 shares of the company's stock, valued at $12,784,750.12. The trade was a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 493,482 shares of company stock valued at $40,288,720. 6.30% of the stock is owned by insiders.

Institutional Trading of Charles Schwab

A number of large investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in Charles Schwab by 11.6% in the first quarter. Nisa Investment Advisors LLC now owns 513,514 shares of the financial services provider's stock worth $40,198,000 after buying an additional 53,239 shares during the last quarter. Van Cleef Asset Management Inc increased its position in Charles Schwab by 1.0% in the first quarter. Van Cleef Asset Management Inc now owns 145,479 shares of the financial services provider's stock worth $11,388,000 after buying an additional 1,510 shares during the last quarter. Axxcess Wealth Management LLC increased its position in Charles Schwab by 12.6% in the first quarter. Axxcess Wealth Management LLC now owns 14,864 shares of the financial services provider's stock worth $1,164,000 after buying an additional 1,659 shares during the last quarter. New Mexico Educational Retirement Board increased its position in Charles Schwab by 11.9% in the first quarter. New Mexico Educational Retirement Board now owns 79,687 shares of the financial services provider's stock worth $6,238,000 after buying an additional 8,500 shares during the last quarter. Finally, Westbourne Investment Advisors Inc. increased its position in Charles Schwab by 1.4% in the first quarter. Westbourne Investment Advisors Inc. now owns 125,500 shares of the financial services provider's stock worth $9,824,000 after buying an additional 1,769 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other 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.