JMP Securities Reiterates Market Outperform Rating for Charles Schwab (NYSE:SCHW)

JMP Securities restated their market outperform rating on shares of Charles Schwab (NYSE:SCHW) in a research report released on Monday morning,Benzinga reports. The firm currently has a $94.00 target price on the financial services provider’s stock, up from their prior target price of $84.00.

Other analysts have also issued reports about the stock. Barclays upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $74.00 to $95.00 in a research note on Monday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their price target on shares of Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Cowen upped their price objective on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group increased their price objective on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $78.81.

Charles Schwab Stock Up 0.0 %

Charles Schwab stock opened at $81.50 on Monday. The company has a market capitalization of $145.04 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 1.77 and a beta of 0.96. 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 has a fifty-two week low of $59.67 and a fifty-two week high of $83.35. The firm has a 50 day moving average price of $74.41 and a 200 day moving average price of $70.16.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the previous year, the firm posted $0.77 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. Research analysts expect that Charles Schwab will post 3.12 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is 39.06%.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the sale, the insider now owns 18,069 shares in the company, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nigel J. Murtagh sold 12,739 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the completion of the sale, the insider now directly owns 59,092 shares of the company’s stock, valued at $4,796,497.64. The trade was a 17.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 127,968 shares of company stock valued at $9,419,271 in the last ninety days. Insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

Institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. raised its position in Charles Schwab by 15.0% during 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 last quarter. Synovus Financial Corp grew its holdings in Charles Schwab by 46.0% during the third quarter. Synovus Financial Corp now owns 67,889 shares of the financial services provider’s stock worth $4,400,000 after acquiring an additional 21,377 shares during the period. Tidal Investments LLC raised its position in Charles Schwab by 8.4% in the third quarter. Tidal Investments LLC now owns 119,185 shares of the financial services provider’s stock worth $7,724,000 after acquiring an additional 9,245 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in Charles Schwab by 69.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 74,073 shares of the financial services provider’s stock valued at $4,801,000 after acquiring an additional 30,237 shares during the period. Finally, Sfmg LLC boosted its position in shares of Charles Schwab by 2.5% during the 3rd quarter. Sfmg LLC now owns 58,542 shares of the financial services provider’s stock worth $3,794,000 after purchasing an additional 1,444 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

About Charles Schwab

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.