2 weeks Ago By ABMN Staff
Charles Schwab ( NYSE:SCHW – Free Report ) had its price objective upped by Keefe, Bruyette & Woods from $90.00 to $93.00 in a report issued on Tuesday morning, Benzinga reports.
They currently have an outperform rating on the financial services provider’s stock. A number of other brokerages also recently issued reports on SCHW. Truist Financial cut their price objective on Charles Schwab from $85.
00 to $84.00 and set a “buy” rating for the company in a research note on Monday. Redburn Partners reduced their price objective on shares of Charles Schwab from $70.
00 to $68.00 and set a “sell” rating for the company in a research note on Friday, January 17th. JMP Securities restated a “market outperform” rating and set a $94.
00 price objective on shares of Charles Schwab in a research report on Monday. Barclays dropped their target price on shares of Charles Schwab from $96.00 to $84.
00 and set an “overweight” rating for the company in a report on Monday, April 7th. Finally, UBS Group boosted their price objective on Charles Schwab from $90.00 to $95.
00 and gave the company a “buy” rating in a research report on Monday, January 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.
com, the company has an average rating of “Moderate Buy” and an average price target of $85.78. Check Out Our Latest Report on SCHW Charles Schwab Stock Performance Charles Schwab ( NYSE:SCHW – Get Free Report ) last posted its quarterly earnings data on Thursday, April 17th.
The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.
03. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.
46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.
31%. During the same period in the prior year, the business posted $0.74 EPS.
On average, equities research analysts predict that Charles Schwab will post 4.22 EPS for the current year. Charles Schwab Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd.
Investors of record on Friday, May 9th will be issued a dividend of $0.27 per share. This represents a $1.
08 annualized dividend and a yield of 1.36%. Charles Schwab’s payout ratio is presently 32.
73%. Insider Buying and Selling In other Charles Schwab news, Director Frank C. Herringer sold 3,592 shares of the business’s stock in a transaction that occurred on Monday, April 21st.
The stock was sold at an average price of $74.26, for a total transaction of $266,741.92.
Following the completion of the transaction, the director now owns 172,162 shares in the company, valued at $12,784,750.12. The trade was a 2.
04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . Also, insider Paul V.
Woolway sold 3,380 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total value of $261,713.
40. Following the completion of the sale, the insider now owns 45,824 shares in the company, valued at approximately $3,548,152.32.
The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold a total of 493,482 shares of company stock worth $40,288,720 over the last three months. 6.30% of the stock is owned by insiders.
Institutional Inflows and Outflows Several institutional investors have recently added to or reduced their stakes in the stock. Atwood & Palmer Inc. purchased a new position in shares of Charles Schwab during the first quarter worth approximately $25,000.
WFA Asset Management Corp bought a new stake in Charles Schwab during the 1st quarter valued at $33,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Charles Schwab in the 4th quarter worth $38,000. Beacon Capital Management LLC raised its holdings in shares of Charles Schwab by 53.
1% in the first quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 169 shares in the last quarter. Finally, Atala Financial Inc purchased a new stake in Charles Schwab in the fourth quarter worth about $41,000.
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. Further Reading Receive News & Ratings for Charles Schwab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charles Schwab and related companies with MarketBeat.com's FREE daily email newsletter .
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