2 weeks Ago By Defense World Staff
Charles Schwab (NYSE:SCHW – Free Report) had its price target upped by UBS Group from $95.00 to $96.00 in a research report report published on Tuesday,Benzinga reports.
They currently have a buy rating on the financial services provider’s stock.SCHW has been the topic of several other research reports. Morgan Stanley raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and set a $76.
00 target price on the stock in a report on Tuesday, April 8th. TD Cowen upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating and boosted their price target for the stock from $88.00 to $103.
00 in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised their price objective on Charles Schwab from $92.
00 to $95.00 and gave the company an “overweight” rating in a research report on Monday. JMP Securities reiterated a “market outperform” rating and issued a $94.
00 target price on shares of Charles Schwab in a research report on Monday. Finally, Wells Fargo & Company dropped their price target on Charles Schwab from $93.00 to $87.
00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Charles Schwab currently has an average rating of “Moderate Buy” and a consensus price target of $85.
78.View Our Latest Stock Report on SCHWCharles Schwab Trading Up 2.2 %Shares of SCHW stock opened at $76.
60 on Tuesday. The stock has a fifty day simple moving average of $76.91 and a two-hundred day simple moving average of $76.
74. Charles Schwab has a 52-week low of $61.01 and a 52-week high of $84.
50. The firm has a market capitalization of $138.92 billion, a PE ratio of 25.
62, a PEG ratio of 0.99 and a beta of 0.91.
The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.
47. Charles Schwab (NYSE:SCHW – Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $1.
04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.03.
Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%.
The firm had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.46 billion.
During the same quarter last year, the business posted $0.74 earnings per share. On average, analysts predict that Charles Schwab will post 4.
22 EPS for the current fiscal year. Charles Schwab Increases DividendThe company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.
27 per share. This represents a $1.08 annualized dividend and a yield of 1.
41%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25.
The ex-dividend date was Friday, February 14th. Charles Schwab’s dividend payout ratio is presently 36.12%.
Insider Buying and SellingIn other news, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.
91, for a total value of $38,057,761.39. Following the sale, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.
07. This represents a 35.96 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd.
The stock was sold at an average price of $79.32, for a total value of $268,101.60.
Following the sale, the insider now directly owns 57,818 shares of the company’s stock, valued at $4,586,123.76. This represents a 5.
52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 502,030 shares of company stock valued at $40,988,118 in the last ninety days.
6.30% of the stock is owned by company insiders. Institutional Inflows and OutflowsSeveral institutional investors have recently added to or reduced their stakes in SCHW.
Vanguard Group Inc. raised its stake in shares of Charles Schwab by 0.9% during the fourth quarter.
Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider’s stock valued at $9,516,075,000 after acquiring an additional 1,187,384 shares in the last quarter. Geode Capital Management LLC raised its position in Charles Schwab by 2.
5% during the 4th quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider’s stock valued at $2,279,742,000 after purchasing an additional 760,043 shares in the last quarter. Franklin Resources Inc.
lifted its holdings in shares of Charles Schwab by 15.0% in the 3rd quarter. Franklin Resources Inc.
now owns 24,261,234 shares of the financial services provider’s stock worth $1,644,674,000 after buying an additional 3,157,923 shares during the period. Fisher Asset Management LLC grew its position in shares of Charles Schwab by 1.3% during the 4th quarter.
Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider’s stock worth $1,513,894,000 after buying an additional 265,708 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Charles Schwab during the fourth quarter valued at $1,289,544,000. Hedge funds and other institutional investors own 84.
38% of the company’s stock. Charles Schwab Company Profile (Get Free Report)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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