Charles Schwab (NYSE:SCHW) Given New $82.00 Price Target at JMP Securities

Charles Schwab (NYSE:SCHW) had its target price decreased by JMP Securities from $85.00 to $82.00 in a report issued on Tuesday morning, Benzinga reports. JMP Securities currently has a market outperform rating on the financial services provider’s stock.

Several other research analysts also recently weighed in on SCHW. Citigroup upped their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a neutral rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods upgraded Charles Schwab from a market perform rating to an outperform rating and increased their target price for the stock from $76.00 to $84.00 in a research report on Monday, July 8th. StockNews.com downgraded Charles Schwab from a hold rating to a sell rating in a research note on Friday, May 24th. UBS Group dropped their price target on Charles Schwab from $91.00 to $90.00 and set a buy rating for the company in a research note on Tuesday, July 9th. Finally, TD Cowen reaffirmed a hold rating and set a $71.00 price objective (down from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $75.20.

Charles Schwab Trading Up 0.6 %

NYSE:SCHW opened at $66.61 on Tuesday. The company has a market cap of $118.38 billion, a PE ratio of 27.87, a price-to-earnings-growth ratio of 1.20 and a beta of 0.99. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69. The company has a 50 day simple moving average of $72.09 and a two-hundred day simple moving average of $70.00. Charles Schwab has a 12 month low of $48.66 and a 12 month high of $79.49.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. The business had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $4.68 billion. Charles Schwab had a return on equity of 18.65% and a net margin of 26.30%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the firm posted $0.75 earnings per share. Research analysts forecast that Charles Schwab will post 3.09 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Friday, August 9th. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Insider Buying and Selling

In other news, insider Bernard J. Clark sold 77,431 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total value of $5,492,955.14. Following the completion of the sale, the insider now owns 121,666 shares in the company, valued at approximately $8,630,986.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $61.96, for a total transaction of $557,640.00. Following the completion of the transaction, the director now owns 567,057 shares in the company, valued at approximately $35,134,851.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bernard J. Clark sold 77,431 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total value of $5,492,955.14. Following the completion of the transaction, the insider now directly owns 121,666 shares in the company, valued at approximately $8,630,986.04. The disclosure for this sale can be found here. Insiders sold a total of 410,084 shares of company stock worth $30,616,734 over the last three months. 6.60% of the stock is owned by insiders.

Institutional Trading of Charles Schwab

Institutional investors and hedge funds have recently modified their holdings of the stock. Nelson Capital Management LLC raised its holdings in shares of Charles Schwab by 0.4% in the first quarter. Nelson Capital Management LLC now owns 37,726 shares of the financial services provider’s stock valued at $2,729,000 after acquiring an additional 141 shares in the last quarter. Abbrea Capital LLC increased its position in Charles Schwab by 2.5% during the 1st quarter. Abbrea Capital LLC now owns 5,777 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 142 shares during the period. Sweet Financial Partners LLC raised its holdings in shares of Charles Schwab by 3.5% in the 1st quarter. Sweet Financial Partners LLC now owns 4,430 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 150 shares in the last quarter. Ironwood Financial llc raised its holdings in shares of Charles Schwab by 1.6% in the 1st quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock valued at $737,000 after purchasing an additional 160 shares in the last quarter. Finally, Courier Capital LLC lifted its position in shares of Charles Schwab by 0.4% in the 4th quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock worth $3,133,000 after purchasing an additional 161 shares during the period. Institutional investors own 84.38% of the company’s stock.

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.