Wells Fargo & Company Boosts Charles Schwab (NYSE:SCHW) Price Target to $102.00

Charles Schwab (NYSE:SCHW - Get Free Report) had its price objective upped by analysts at Wells Fargo & Company from $87.00 to $102.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the financial services provider's stock. Wells Fargo & Company's price objective suggests a potential upside of 10.17% from the stock's previous close.

Several other analysts have also recently commented on the company. Cowen reiterated a "buy" rating on shares of Charles Schwab in a report on Tuesday, May 20th. JPMorgan Chase & Co. upped their target price on Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Barclays upped their target price on Charles Schwab from $89.00 to $106.00 and gave the company an "overweight" rating in a report on Thursday. Raymond James Financial upped their target price on Charles Schwab from $91.00 to $99.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, UBS Group upped their target price on Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.70.

Charles Schwab Trading Down 0.5%

Shares of NYSE:SCHW traded down $0.45 during midday trading on Friday, hitting $92.59. 960,143 shares of the stock were exchanged, compared to its average volume of 9,549,613. The stock has a market capitalization of $168.23 billion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 0.97 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.53 and a current ratio of 0.53. The business's 50-day moving average price is $88.35 and its 200 day moving average price is $81.29. Charles Schwab has a 12 month low of $61.01 and a 12 month high of $93.35.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. The company had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.46 billion. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. During the same period in the previous year, the business posted $0.74 earnings per share. Analysts predict that Charles Schwab will post 4.22 earnings per share for the current year.

Insider Buying and Selling

In related news, General Counsel Peter J. Morgan III sold 10,176 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total value of $889,280.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan M. Craig sold 47,500 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total value of $4,201,850.00. The disclosure for this sale can be found here. Insiders sold 119,905 shares of company stock worth $10,530,833 over the last quarter. 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 bought and sold shares of SCHW. Brighton Jones LLC raised its position in Charles Schwab by 380.5% in the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock valued at $1,794,000 after buying an additional 19,195 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Charles Schwab in the 4th quarter valued at $441,000. PFG Advisors purchased a new stake in Charles Schwab in the 4th quarter valued at $220,000. Skandinaviska Enskilda Banken AB publ increased its position in shares of Charles Schwab by 3.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 314,783 shares of the financial services provider's stock valued at $23,272,000 after purchasing an additional 11,064 shares during the last quarter. Finally, HBK Sorce Advisory LLC increased its position in shares of Charles Schwab by 1.8% during the 4th quarter. HBK Sorce Advisory LLC now owns 26,815 shares of the financial services provider's stock valued at $1,985,000 after purchasing an additional 463 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

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.

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