Charles Schwab’s (SCHW) Buy Rating Reiterated at Truist Financial

Truist Financial reaffirmed their buy rating on shares of Charles Schwab (NYSE:SCHW) in a report released on Wednesday,Benzinga reports. The firm currently has a $90.00 price target on the financial services provider’s stock, up from their prior price target of $86.00.

Other research analysts have also recently issued reports about the stock. Raymond James reduced their price target on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Citigroup increased their price objective on Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday. Cowen increased their price objective on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft increased their price objective on Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday. 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $83.83.

Charles Schwab Stock Down 0.5 %

SCHW stock opened at $81.67 on Wednesday. Charles Schwab has a 1-year low of $61.01 and a 1-year high of $83.35. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The company’s 50 day moving average is $77.78 and its 200 day moving average is $70.82. The stock has a market cap of $145.34 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5,190,822.51 billion. During the same period last year, the business earned $0.68 earnings per share. The business’s quarterly revenue was up 19.5% on a year-over-year basis. Sell-side analysts predict that Charles Schwab will post 4.09 EPS for the current fiscal year.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,500 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the transaction, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christopher V. Dodds sold 9,284 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the transaction, the director now owns 442,807 shares of the company’s stock, valued at $36,057,774.01. The trade was a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,466 shares of company stock valued at $3,352,884. 6.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Charles Schwab

Institutional investors and hedge funds have recently modified their holdings of the stock. Washington Trust Advisors Inc. increased its holdings in shares of Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 149 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Charles Schwab during the third quarter valued at $25,000. Prospera Private Wealth LLC bought a new position in shares of Charles Schwab during the third quarter valued at $31,000. Future Financial Wealth Managment LLC bought a new position in shares of Charles Schwab during the third quarter valued at $32,000. Finally, Hazlett Burt & Watson Inc. bought a new position in shares of Charles Schwab during the third quarter valued at $33,000. 84.38% of the stock is currently owned by 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.