Equities researchers at Credit Suisse Group assumed coverage on shares of The Charles Schwab (NYSE:SCHW) in a report released on Thursday, The Fly reports. The firm set an “outperform” rating on the financial services provider’s stock.

SCHW has been the topic of several other reports. BidaskClub cut The Charles Schwab from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 17th. Jefferies Group restated a “buy” rating and set a $49.00 target price on shares of The Charles Schwab in a report on Friday, September 15th. Morgan Stanley boosted their target price on The Charles Schwab from $51.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, October 5th. Deutsche Bank boosted their target price on The Charles Schwab from $46.00 to $47.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $47.00 target price on shares of The Charles Schwab in a report on Friday, September 15th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $47.07.

The Charles Schwab (NYSE:SCHW) traded up $0.37 during trading hours on Thursday, reaching $48.79. The company’s stock had a trading volume of 11,493,312 shares, compared to its average volume of 7,035,584. The Charles Schwab has a 52 week low of $37.16 and a 52 week high of $49.54. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.21. The stock has a market cap of $63,194.75, a price-to-earnings ratio of 30.22, a P/E/G ratio of 2.00 and a beta of 1.74.

The Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The Charles Schwab had a return on equity of 15.77% and a net margin of 27.30%. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the business earned $0.35 EPS. The Charles Schwab’s quarterly revenue was up 13.1% on a year-over-year basis. analysts anticipate that The Charles Schwab will post 1.62 earnings per share for the current year.

In other The Charles Schwab news, Chairman Charles R. Schwab sold 211,620 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $48.30, for a total transaction of $10,221,246.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Marie A. Chandoha sold 6,018 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $44.06, for a total value of $265,153.08. The disclosure for this sale can be found here. Insiders sold 1,558,339 shares of company stock worth $71,645,892 over the last quarter. 12.00% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Lenox Wealth Management Inc. increased its position in shares of The Charles Schwab by 12.1% during the second quarter. Lenox Wealth Management Inc. now owns 4,126 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 445 shares during the period. WealthTrust Arizona LLC increased its position in shares of The Charles Schwab by 1.2% during the second quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 29 shares during the period. Reilly Financial Advisors LLC increased its position in shares of The Charles Schwab by 10.4% during the second quarter. Reilly Financial Advisors LLC now owns 4,248 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 400 shares during the period. Assetmark Inc. increased its position in shares of The Charles Schwab by 3.3% during the third quarter. Assetmark Inc. now owns 3,733 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 121 shares during the period. Finally, First Bank & Trust purchased a new stake in shares of The Charles Schwab during the fourth quarter worth $119,000. Institutional investors own 79.84% of the company’s stock.

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The Charles Schwab Company Profile

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

The Fly

Analyst Recommendations for The Charles Schwab (NYSE:SCHW)

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