Charles Schwab (NYSE:SCHW) Upgraded at Redburn Atlantic

Redburn Atlantic upgraded shares of Charles Schwab (NYSE:SCHW) from a sell rating to a neutral rating in a report issued on Monday, Marketbeat Ratings reports. They currently have $82.00 price target on the financial services provider’s stock, up from their previous price target of $65.00.

A number of other equities research analysts have also recently issued reports on SCHW. TD Securities boosted their target price on shares of Charles Schwab from $95.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, May 20th. Truist Financial boosted their price target on shares of Charles Schwab from $84.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Piper Sandler upped their price target on shares of Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Cowen reaffirmed a “buy” rating on shares of Charles Schwab in a report on Tuesday, May 20th. Finally, The Goldman Sachs Group raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Charles Schwab has a consensus rating of “Moderate Buy” and an average target price of $89.25.

Charles Schwab Trading Up 0.1%

Shares of SCHW stock opened at $88.36 on Monday. The company’s fifty day simple moving average is $82.58 and its two-hundred day simple moving average is $79.79. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. Charles Schwab has a 1 year low of $61.01 and a 1 year high of $89.85. The stock has a market capitalization of $160.55 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 0.99 and a beta of 0.94.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. As a group, analysts anticipate that Charles Schwab will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.22%. Charles Schwab’s dividend payout ratio (DPR) is currently 32.73%.

Insider Activity

In other news, General Counsel Peter J. Morgan III sold 10,176 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total transaction of $889,280.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Frank C. Herringer sold 3,592 shares of the firm’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $74.26, for a total value of $266,741.92. Following the transaction, the director now directly owns 172,162 shares in the company, valued at $12,784,750.12. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,608 shares of company stock valued at $8,392,040. 6.30% of the stock is currently owned by insiders.

Institutional Trading of Charles Schwab

A number of institutional investors have recently modified their holdings of SCHW. Atwood & Palmer Inc. purchased a new stake in shares of Charles Schwab during the first quarter worth about $25,000. Westside Investment Management Inc. boosted its holdings in shares of Charles Schwab by 75.0% during the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 150 shares during the period. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Charles Schwab by 97.9% during the first quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 191 shares during the period. Stone House Investment Management LLC purchased a new stake in shares of Charles Schwab during the first quarter worth about $31,000. Finally, Activest Wealth Management boosted its holdings in shares of Charles Schwab by 6,650.0% during the first quarter. Activest Wealth Management now owns 405 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 399 shares during the period. 84.38% of the stock is currently 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.