Citigroup Boosts Charles Schwab (NYSE:SCHW) Price Target to $75.00

Charles Schwab (NYSE:SCHW) had its target price upped by analysts at Citigroup from $70.00 to $75.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Citigroup’s target price points to a potential upside of 5.47% from the company’s current price.

A number of other brokerages have also issued reports on SCHW. UBS Group boosted their price target on shares of Charles Schwab from $72.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Raymond James dropped their price objective on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a research note on Thursday, January 18th. TD Cowen raised Charles Schwab from a “market perform” rating to an “outperform” rating and set a $87.00 price target for the company in a research report on Friday, March 22nd. Keefe, Bruyette & Woods downgraded Charles Schwab from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $75.00 to $70.00 in a research report on Thursday, January 18th. Finally, Morgan Stanley lifted their price objective on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $72.35.

Charles Schwab Stock Performance

SCHW stock traded up $0.01 on Thursday, hitting $71.11. The company’s stock had a trading volume of 2,756,262 shares, compared to its average volume of 7,505,802. Charles Schwab has a 1 year low of $45.65 and a 1 year high of $72.97. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The stock has a market cap of $126.30 billion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 1.09 and a beta of 1.01. The firm has a 50 day moving average of $67.26 and a two-hundred day moving average of $62.23.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.04. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter in the prior year, the firm earned $1.07 earnings per share. The business’s quarterly revenue was down 18.9% compared to the same quarter last year. Equities analysts predict that Charles Schwab will post 3.36 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total value of $587,610.00. Following the completion of the transaction, the director now owns 585,057 shares in the company, valued at approximately $38,198,371.53. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Peter B. Crawford sold 4,000 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the sale, the chief financial officer now directly owns 37,611 shares in the company, valued at approximately $2,425,533.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total value of $587,610.00. Following the transaction, the director now owns 585,057 shares of the company’s stock, valued at approximately $38,198,371.53. The disclosure for this sale can be found here. Over the last quarter, insiders sold 216,584 shares of company stock worth $14,200,769. Insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

Large investors have recently added to or reduced their stakes in the stock. Investment Research & Advisory Group Inc. increased its holdings in shares of 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 worth $4,058,000 after acquiring an additional 607 shares during the period. Bamco Inc. NY increased its stake in shares of Charles Schwab by 0.5% in the third quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock valued at $444,826,000 after purchasing an additional 42,588 shares during the period. Nisa Investment Advisors LLC raised its holdings 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 valued at $30,287,000 after buying an additional 166,316 shares during the last quarter. 180 Wealth Advisors LLC raised its holdings 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 valued at $1,769,000 after buying an additional 1,843 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC boosted its position in shares of Charles Schwab by 622.6% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 140,415 shares of the financial services provider’s stock worth $9,661,000 after buying an additional 120,983 shares during the period. 84.38% of the stock is 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.