TD Cowen Increases Charles Schwab (NYSE:SCHW) Price Target to $92.00

Charles Schwab (NYSE:SCHW - Get Free Report) had its price target boosted by TD Cowen from $87.00 to $92.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a "buy" rating on the financial services provider's stock. TD Cowen's price objective points to a potential upside of 25.94% from the company's previous close.

Several other equities research analysts also recently issued reports on the stock. Piper Sandler raised their price objective on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday. Keefe, Bruyette & Woods raised their target price on shares of Charles Schwab from $75.00 to $76.00 and gave the stock a "market perform" rating in a report on Tuesday. Morgan Stanley raised their target price on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 9th. JMP Securities raised their target price on shares of Charles Schwab from $77.00 to $80.00 and gave the stock a "market outperform" rating in a report on Tuesday, April 9th. Finally, Barclays raised their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an "equal weight" rating in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Charles Schwab has a consensus rating of "Hold" and an average target price of $74.47.

Charles Schwab Stock Up 2.6 %

Shares of NYSE SCHW traded up $1.82 during mid-day trading on Tuesday, hitting $73.05. The company had a trading volume of 12,019,778 shares, compared to its average volume of 7,720,478. The company has a market capitalization of $129.74 billion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 1.06 and a beta of 1.01. The firm has a 50-day simple moving average of $67.97 and a two-hundred day simple moving average of $62.75. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. Charles Schwab has a one year low of $45.65 and a one year high of $73.65.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same period last year, the business posted $1.07 EPS. Charles Schwab's revenue was down 18.9% on a year-over-year basis. On average, equities analysts expect that Charles Schwab will post 3.4 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Peter B. Crawford sold 4,000 shares of the company's stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the sale, the chief financial officer now directly owns 37,611 shares in the company, valued at approximately $2,425,533.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the sale, the chief financial officer now directly owns 37,611 shares in the company, valued at approximately $2,425,533.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan M. Craig sold 4,977 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the completion of the transaction, the insider now directly owns 81,446 shares in the company, valued at approximately $5,702,034.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 216,584 shares of company stock valued at $14,200,769. Corporate insiders own 6.60% of the company's stock.

Institutional Investors Weigh In On Charles Schwab

Several institutional investors and hedge funds have recently modified their holdings of SCHW. Providence Capital Advisors LLC bought a new position in shares of Charles Schwab in the third quarter worth approximately $28,000. Main Street Group LTD bought a new position in shares of Charles Schwab in the fourth quarter worth approximately $29,000. Sugarloaf Wealth Management LLC lifted its stake in shares of Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider's stock worth $30,000 after buying an additional 165 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in shares of Charles Schwab in the fourth quarter worth approximately $30,000. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of Charles Schwab in the fourth quarter worth approximately $31,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

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.