Keefe, Bruyette & Woods Boosts Charles Schwab (NYSE:SCHW) Price Target to $108.00

Charles Schwab (NYSE:SCHW - Get Free Report) had its price objective lifted by investment analysts at Keefe, Bruyette & Woods from $102.00 to $108.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "outperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price target indicates a potential upside of 13.10% from the stock's previous close.

A number of other brokerages have also commented on SCHW. Raymond James Financial reiterated an "outperform" rating and issued a $99.00 price target on shares of Charles Schwab in a research note on Friday. JPMorgan Chase & Co. upped 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. Morgan Stanley reiterated an "overweight" rating and issued a $117.00 price target (up previously from $83.00) on shares of Charles Schwab in a research note on Tuesday, July 15th. The Goldman Sachs Group upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a research note on Friday, April 25th. Finally, Truist Financial boosted their price objective on shares of Charles Schwab from $97.00 to $100.00 and gave the company a "buy" rating in a report on Monday, June 16th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Charles Schwab presently has a consensus rating of "Moderate Buy" and an average target price of $98.65.

Charles Schwab Trading Down 0.8%

Shares of NYSE SCHW traded down $0.76 during midday trading on Monday, reaching $95.49. 8,863,789 shares of the stock were exchanged, compared to its average volume of 9,354,105. The business has a 50-day simple moving average of $89.44 and a two-hundred day simple moving average of $82.15. The company has a market capitalization of $173.50 billion, a price-to-earnings ratio of 25.67, a P/E/G 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 company has a debt-to-equity ratio of 0.53, a current ratio of 0.53 and a quick ratio of 0.53.

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

Insider Transactions at Charles Schwab

In related news, insider Nigel J. Murtagh sold 20,872 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total transaction of $1,878,688.72. Following the sale, the insider directly owned 58,999 shares of the company's stock, valued at approximately $5,310,499.99. This represents a 26.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paula A. Sneed sold 8,647 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $88.06, for a total transaction of $761,454.82. Following the transaction, the director owned 105,654 shares in the company, valued at $9,303,891.24. This represents a 7.57% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,313 shares of company stock worth $10,264,091. Corporate insiders own 6.30% of the company's stock.

Institutional Investors Weigh In On Charles Schwab

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atwood & Palmer Inc. bought a new stake in Charles Schwab in the first quarter worth $25,000. Westside Investment Management Inc. lifted its position in Charles Schwab by 75.0% in the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock worth $27,000 after buying an additional 150 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its position in Charles Schwab by 97.9% in the first quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider's stock worth $30,000 after buying an additional 191 shares during the last quarter. Stone House Investment Management LLC bought a new stake in Charles Schwab in the first quarter worth $31,000. Finally, Activest Wealth Management lifted its position in Charles Schwab by 6,650.0% in the first quarter. Activest Wealth Management now owns 405 shares of the financial services provider's stock worth $32,000 after buying an additional 399 shares during 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.