Charles Schwab's (SCHW) "Market Outperform" Rating Reiterated at JMP Securities

JMP Securities restated their market outperform rating on shares of Charles Schwab (NYSE:SCHW - Free Report) in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have a $80.00 price objective on the financial services provider's stock.

Several other equities analysts have also recently issued reports on the company. Citigroup boosted their price target on Charles Schwab from $70.00 to $75.00 and gave the company a neutral rating in a research report on Thursday, April 11th. TD Cowen upped their target price on Charles Schwab from $87.00 to $92.00 and gave the company a buy rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price target on Charles Schwab from $86.00 to $89.00 and gave the company an overweight rating in a report on Tuesday. The Goldman Sachs Group reiterated a neutral rating and issued a $71.00 price target (up from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods boosted their price target on Charles Schwab from $75.00 to $76.00 and gave the company a market perform rating in a report on Tuesday. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Charles Schwab has a consensus rating of Hold and a consensus price target of $74.47.

Charles Schwab Stock Performance

Shares of SCHW traded up $1.82 during midday trading on Tuesday, reaching $73.05. 12,019,778 shares of the stock were exchanged, compared to its average volume of 7,720,478. The company has a market capitalization of $129.74 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 1.06 and a beta of 1.01. Charles Schwab has a twelve month low of $45.65 and a twelve month high of $73.65. The business's 50-day moving average price is $67.97 and its 200 day moving average price is $62.75. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly 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. The firm had revenue of $4.46 billion for the quarter, compared to analysts' expectations of $4.49 billion. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. The firm's revenue for the quarter was down 18.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 EPS. On average, sell-side analysts expect that Charles Schwab will post 3.4 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. Charles Schwab's payout ratio is 39.37%.

Insider Transactions at Charles Schwab

In other news, Chairman Charles R. Schwab sold 71,226 shares of the company's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the completion of the sale, the chairman now directly owns 61,251,038 shares in the company, valued at approximately $3,980,704,959.62. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Chairman Charles R. Schwab sold 71,226 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.99, for a total value of $4,628,977.74. Following the completion of the sale, the chairman now directly owns 61,251,038 shares in the company, valued at approximately $3,980,704,959.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $70.87, for a total value of $637,830.00. Following the completion of the sale, the director now owns 581,457 shares of the company's stock, valued at $41,207,857.59. The disclosure for this sale can be found here. Insiders sold a total of 216,584 shares of company stock worth $14,200,769 in the last ninety days. Insiders own 6.60% of the company's stock.

Institutional Trading of Charles Schwab

Several large investors have recently added to or reduced their stakes in the stock. Investment Research & Advisory Group Inc. boosted its position in Charles Schwab by 1.0% in the 4th quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider's stock valued at $4,058,000 after buying an additional 607 shares during the last quarter. Bamco Inc. NY lifted its position in shares of Charles Schwab by 0.5% during the third quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider's stock worth $444,826,000 after purchasing an additional 42,588 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Charles Schwab by 43.2% during the third quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider's stock worth $30,287,000 after purchasing an additional 166,316 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Charles Schwab by 22.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider's stock worth $60,776,000 after purchasing an additional 160,719 shares during the last quarter. Finally, 180 Wealth Advisors LLC lifted its position in shares of Charles Schwab by 6.1% during the third quarter. 180 Wealth Advisors LLC now owns 32,214 shares of the financial services provider's stock worth $1,769,000 after purchasing an additional 1,843 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

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.