Charles Schwab (NYSE:SCHW) Receives “Market Outperform” Rating from JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Charles Schwab (NYSE:SCHW) in a research note published on Tuesday morning, Benzinga reports. They currently have a $80.00 price objective on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Raymond James reduced their target price on shares of Charles Schwab from $78.00 to $75.00 and set an outperform rating for the company in a report on Thursday, January 18th. TD Cowen upped their target price on shares of Charles Schwab from $87.00 to $92.00 and gave the company a buy rating in a report on Tuesday. Citigroup upped their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the company a neutral rating in a report on Thursday, April 11th. Bank of America upped their target price on shares of Charles Schwab from $68.00 to $70.00 and gave the company an underperform rating in a report on Tuesday. Finally, Barclays boosted their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an equal weight rating in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and an average target price of $74.47.

Charles Schwab Price Performance

Shares of SCHW opened at $73.05 on Tuesday. Charles Schwab has a 1-year low of $45.65 and a 1-year high of $73.65. The stock has a market cap of $129.74 billion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 1.06 and a beta of 1.01. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a fifty day moving average price of $67.97 and a 200 day moving average price of $62.75.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The firm had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.49 billion. During the same period in the previous year, the company earned $1.07 earnings per share. Charles Schwab’s quarterly revenue was down 18.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Charles Schwab will post 3.4 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 annualized dividend and a yield of 1.37%. Charles Schwab’s payout ratio is currently 39.37%.

Insiders Place Their Bets

In other Charles Schwab news, Chairman Charles R. Schwab sold 16,390 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $63.94, for a total transaction of $1,047,976.60. Following the transaction, the chairman now directly owns 61,331,688 shares in the company, valued at $3,921,548,130.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the sale, the chief financial officer now owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Charles R. Schwab sold 16,390 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $63.94, for a total transaction of $1,047,976.60. Following the transaction, the chairman now directly owns 61,331,688 shares in the company, valued at approximately $3,921,548,130.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 216,584 shares of company stock worth $14,200,769. 6.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Charles Schwab

Several institutional investors and hedge funds have recently modified their holdings of the company. Signet Financial Management LLC lifted its stake in shares of Charles Schwab by 0.3% during the fourth quarter. Signet Financial Management LLC now owns 49,378 shares of the financial services provider’s stock valued at $4,111,000 after buying an additional 139 shares during the period. Courier Capital LLC lifted its stake in shares of Charles Schwab by 0.4% during the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock valued at $3,133,000 after buying an additional 161 shares during the period. Investment Advisory Services Inc. TX ADV lifted its stake in shares of Charles Schwab by 0.5% during the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 32,642 shares of the financial services provider’s stock valued at $2,718,000 after buying an additional 164 shares during the period. Sugarloaf Wealth Management LLC raised its stake in Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 165 shares during the period. Finally, Sculati Wealth Management LLC raised its stake in Charles Schwab by 0.4% during the fourth quarter. Sculati Wealth Management LLC now owns 42,971 shares of the financial services provider’s stock worth $2,956,000 after purchasing an additional 165 shares during the period. Hedge funds and other 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.