Citigroup Issues Positive Forecast for Charles Schwab (NYSE:SCHW) Stock Price

Charles Schwab (NYSE:SCHW) had its price target lifted by Citigroup from $80.00 to $85.00 in a research report sent to investors on Wednesday,Benzinga reports. Citigroup currently has a neutral rating on the financial services provider’s stock.

SCHW has been the subject of several other research reports. Wells Fargo & Company dropped their price target on shares of Charles Schwab from $90.00 to $89.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. The Goldman Sachs Group raised their target price on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods boosted their price target on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Redburn Partners dropped their price objective on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. Finally, Truist Financial upgraded Charles Schwab to a “strong-buy” rating in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Charles Schwab has a consensus rating of “Hold” and a consensus price target of $83.83.

Charles Schwab Stock Down 0.6 %

Shares of NYSE:SCHW opened at $80.44 on Wednesday. Charles Schwab has a 12-month low of $61.01 and a 12-month 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 stock’s 50-day moving average price is $77.71 and its 200-day moving average price is $70.68. The stock has a market capitalization of $143.15 billion, a P/E ratio of 31.42, a price-to-earnings-growth ratio of 1.40 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5,190,822.51 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. On average, equities analysts anticipate that Charles Schwab will post 3.16 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Nigel J. Murtagh sold 12,739 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total value of $1,034,024.63. Following the transaction, the insider now directly owns 59,092 shares of the company’s stock, valued at approximately $4,796,497.64. This represents a 17.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of Charles Schwab stock in a transaction 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 directly owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,823 shares of company stock valued at $2,171,194. 6.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Charles Schwab

Several institutional investors have recently modified their holdings of the business. Stablepoint Partners LLC lifted its stake in Charles Schwab by 1.1% during the 4th quarter. Stablepoint Partners LLC now owns 12,486 shares of the financial services provider’s stock valued at $924,000 after acquiring an additional 141 shares during the period. Alliance Wealth Advisors LLC lifted its position in Charles Schwab by 2.7% during the third quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 142 shares during the period. Michael S. Ryan Inc. lifted its position in Charles Schwab by 2.5% during the fourth quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 144 shares during the period. GS Investments Inc. boosted its holdings in Charles Schwab by 0.3% in the third quarter. GS Investments Inc. now owns 57,434 shares of the financial services provider’s stock worth $3,722,000 after purchasing an additional 146 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC grew its position in Charles Schwab by 2.8% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 5,413 shares of the financial services provider’s stock worth $401,000 after purchasing an additional 148 shares during the period. 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.