Charles Schwab (SCHW) Given New $54.00 Price Target at Deutsche Bank

Charles Schwab (NYSE:SCHW) had its target price decreased by Deutsche Bank from $55.00 to $54.00 in a report released on Friday. The brokerage currently has a “hold” rating on the financial services provider’s stock. Deutsche Bank’s price objective would indicate a potential upside of 6.82% from the stock’s current price.

Other analysts also recently issued research reports about the company. Wells Fargo reiterated a “market perform” rating and set a $55.00 price target (up previously from $47.00) on shares of Charles Schwab in a research note on Thursday, January 4th. Zacks Investment Research upgraded Charles Schwab from a “hold” rating to a “strong-buy” rating and set a $60.00 price target on the stock in a research note on Friday, January 5th. Morgan Stanley boosted their price objective on Charles Schwab from $61.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Argus boosted their price objective on Charles Schwab from $59.00 to $69.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, SunTrust Banks reissued a “buy” rating on shares of Charles Schwab in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $55.14.

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NYSE SCHW traded down $1.80 on Friday, reaching $50.55. 3,301,095 shares of the stock traded hands, compared to its average volume of 7,274,307. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.30. The firm has a market cap of $69,679.97, a PE ratio of 30.93, a price-to-earnings-growth ratio of 1.27 and a beta of 1.55. Charles Schwab has a 12 month low of $37.16 and a 12 month high of $58.11.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. Charles Schwab had a return on equity of 16.03% and a net margin of 27.32%. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the company posted $0.36 EPS. Charles Schwab’s revenue was up 13.7% on a year-over-year basis. research analysts expect that Charles Schwab will post 2.4 earnings per share for the current year.

In related news, EVP Terri R. Kallsen sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $52.94, for a total value of $264,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Terri R. Kallsen sold 2,026 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $51.94, for a total value of $105,230.44. Following the completion of the transaction, the executive vice president now owns 1,706 shares of the company’s stock, valued at $88,609.64. The disclosure for this sale can be found here. Insiders sold 920,225 shares of company stock valued at $50,239,974 over the last 90 days. Company insiders own 12.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in SCHW. BlackRock Inc. lifted its stake in Charles Schwab by 5.2% during the fourth quarter. BlackRock Inc. now owns 79,858,312 shares of the financial services provider’s stock worth $4,102,323,000 after purchasing an additional 3,943,376 shares in the last quarter. Maverick Capital Ltd. acquired a new position in Charles Schwab during the fourth quarter worth $161,834,000. Amundi Pioneer Asset Management Inc. lifted its stake in Charles Schwab by 40.7% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 6,879,265 shares of the financial services provider’s stock worth $353,386,000 after purchasing an additional 1,991,425 shares in the last quarter. Atlantic Trust Group LLC raised its stake in shares of Charles Schwab by 851.8% in the third quarter. Atlantic Trust Group LLC now owns 1,492,315 shares of the financial services provider’s stock valued at $65,274,000 after acquiring an additional 1,335,522 shares in the last quarter. Finally, WCM Investment Management CA raised its stake in shares of Charles Schwab by 124.8% in the fourth quarter. WCM Investment Management CA now owns 2,207,060 shares of the financial services provider’s stock valued at $113,378,000 after acquiring an additional 1,225,146 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

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Charles Schwab Company Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

Analyst Recommendations for Charles Schwab (NYSE:SCHW)

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