UBS Group Increases Charles Schwab (NYSE:SCHW) Price Target to $91.00

Charles Schwab (NYSE:SCHW - Get Free Report) had its price objective increased by UBS Group from $87.00 to $91.00 in a report issued on Thursday, Benzinga reports. The firm presently has a "buy" rating on the financial services provider's stock. UBS Group's target price suggests a potential upside of 25.79% from the company's current price.

Several other equities research analysts also recently issued reports on the stock. Piper Sandler boosted their price objective on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a "buy" rating in a research note on Tuesday, March 19th. Bank of America boosted their price objective on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an "underperform" rating in a research note on Tuesday, April 16th. StockNews.com upgraded shares of Charles Schwab from a "sell" rating to a "hold" rating in a research note on Friday, March 15th. Finally, Citigroup boosted their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a "neutral" rating in a research note on Thursday, April 11th. Two research 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, the stock currently has a consensus rating of "Hold" and a consensus target price of $75.12.

Charles Schwab Trading Down 3.9 %

SCHW stock traded down $2.93 on Thursday, hitting $72.34. 14,673,379 shares of the company were exchanged, compared to its average volume of 7,615,976. Charles Schwab has a twelve month low of $48.66 and a twelve month high of $79.49. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The business's fifty day moving average is $73.39 and its two-hundred day moving average is $67.01. The stock has a market capitalization of $128.57 billion, a price-to-earnings ratio of 30.27, a price-to-earnings-growth ratio of 1.15 and a beta of 0.98.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The firm had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.71 billion. As a group, research analysts forecast that Charles Schwab will post 3.4 earnings per share for the current year.

Insiders Place Their Bets

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total transaction of $587,610.00. Following the sale, the director now directly owns 585,057 shares of the company's stock, valued at $38,198,371.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Charles R. Schwab sold 89,275 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $74.62, for a total value of $6,661,700.50. Following the sale, the chairman now owns 30,641,981 shares of the company's stock, valued at approximately $2,286,504,622.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total transaction of $587,610.00. Following the completion of the sale, the director now directly owns 585,057 shares in the company, valued at approximately $38,198,371.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 622,536 shares of company stock valued at $46,208,155. Company insiders own 6.60% of the company's stock.

Institutional Trading of Charles Schwab

Large investors have recently modified their holdings of the company. Tributary Capital Management LLC acquired a new stake in shares of Charles Schwab in the 1st quarter worth about $31,000. Sugarloaf Wealth Management LLC increased its stake in Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider's stock valued at $30,000 after buying an additional 165 shares during the period. Frazier Financial Advisors LLC acquired a new position in Charles Schwab during the 4th quarter valued at about $30,000. Wetzel Investment Advisors Inc. acquired a new position in Charles Schwab during the 4th quarter valued at about $31,000. Finally, Hall Laurie J Trustee acquired a new position in Charles Schwab during the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 84.38% of the company's stock.

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.