Charles Schwab (NYSE:SCHW) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Charles Schwab (NYSE:SCHW - Get Free Report) had its price target boosted by equities researchers at Morgan Stanley from $76.00 to $83.00 in a note issued to investors on Tuesday, Marketbeat reports. The firm currently has an "overweight" rating on the financial services provider's stock. Morgan Stanley's price target would indicate a potential downside of 6.44% from the company's previous close.

SCHW has been the subject of a number of other research reports. UBS Group lifted their price target on Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Barclays decreased their price objective on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a report on Monday, April 7th. TD Cowen raised Charles Schwab from a "hold" rating to a "buy" rating and boosted their price objective for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Finally, Keefe, Bruyette & Woods boosted their price objective on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $88.33.

Charles Schwab Stock Up 0.7%

Shares of Charles Schwab stock traded up $0.61 during trading on Tuesday, reaching $88.72. The company's stock had a trading volume of 6,562,751 shares, compared to its average volume of 9,430,706. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a market cap of $160.89 billion, a price-to-earnings ratio of 29.67, a P/E/G ratio of 0.99 and a beta of 0.90. Charles Schwab has a 1-year low of $61.01 and a 1-year high of $88.87. The company has a 50-day simple moving average of $78.76 and a two-hundred day simple moving average of $78.36.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. As a group, equities analysts forecast that Charles Schwab will post 4.22 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Paul V. Woolway sold 9,887 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total value of $745,282.06. Following the completion of the sale, the insider now directly owns 47,931 shares in the company, valued at $3,613,038.78. This represents a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frank C. Herringer sold 3,592 shares of the company's 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 completion of the transaction, the director now owns 172,162 shares in the company, valued at $12,784,750.12. This represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 38,412 shares of company stock worth $3,014,797. Corporate insiders own 6.30% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Woodline Partners LP lifted its holdings in Charles Schwab by 60.4% in the first quarter. Woodline Partners LP now owns 143,972 shares of the financial services provider's stock valued at $11,270,000 after acquiring an additional 54,196 shares during the last quarter. Zimmer Partners LP acquired a new position in Charles Schwab during the first quarter worth $27,398,000. American Trust lifted its stake in Charles Schwab by 2.4% during the first quarter. American Trust now owns 42,802 shares of the financial services provider's stock worth $3,351,000 after purchasing an additional 1,023 shares in the last quarter. Empowered Funds LLC lifted its stake in Charles Schwab by 26.4% during the first quarter. Empowered Funds LLC now owns 62,040 shares of the financial services provider's stock worth $4,856,000 after purchasing an additional 12,967 shares in the last quarter. Finally, MBB Public Markets I LLC acquired a new position in Charles Schwab during the first quarter worth $329,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

About Charles Schwab

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.