Charles Schwab (SCHW) Earns “Buy” Rating from Credit Suisse Group

Charles Schwab (NYSE:SCHW)‘s stock had its “buy” rating reiterated by equities researchers at Credit Suisse Group in a report issued on Friday. They presently have a $64.00 price target on the financial services provider’s stock. Credit Suisse Group’s price target suggests a potential upside of 15.54% from the stock’s current price.

Several other equities research analysts have also weighed in on SCHW. Citigroup reiterated a “buy” rating and issued a $60.00 price objective (up from $52.00) on shares of Charles Schwab in a research note on Tuesday. JMP Securities lowered Charles Schwab from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 3rd. BidaskClub upgraded Charles Schwab from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $47.00 price objective on shares of Charles Schwab in a research note on Friday, September 15th. Finally, Jefferies Group reiterated a “buy” rating and issued a $49.00 price objective on shares of Charles Schwab in a research note on Friday, September 15th. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Charles Schwab currently has a consensus rating of “Buy” and a consensus price target of $51.81.

Shares of Charles Schwab (NYSE:SCHW) traded up $1.22 on Friday, reaching $55.39. The company had a trading volume of 7,520,000 shares, compared to its average volume of 6,820,000. Charles Schwab has a 1 year low of $37.16 and a 1 year high of $55.52. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $74,170.00, a price-to-earnings ratio of 35.51, a price-to-earnings-growth ratio of 1.43 and a beta of 1.75.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. Charles Schwab had a return on equity of 15.77% and a net margin of 27.30%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. equities research analysts expect that Charles Schwab will post 1.61 earnings per share for the current fiscal year.

In other news, CFO Peter B. Crawford sold 12,459 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $51.58, for a total value of $642,635.22. Following the transaction, the chief financial officer now owns 7,652 shares of the company’s stock, valued at approximately $394,690.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Walter W. Bettinger purchased 72,510 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was bought at an average cost of $27.21 per share, for a total transaction of $1,972,997.10. Following the purchase, the insider now owns 41,330 shares in the company, valued at $1,124,589.30. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 1,658,531 shares of company stock worth $77,397,901. 12.00% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stanley Capital Management increased its holdings in Charles Schwab by 10.5% during the 3rd quarter. Stanley Capital Management now owns 119,077 shares of the financial services provider’s stock worth $3,401,000 after purchasing an additional 11,335 shares in the last quarter. KBC Group increased its holdings in Charles Schwab by 13.5% during the 3rd quarter. KBC Group now owns 95,141 shares of the financial services provider’s stock worth $2,717,000 after purchasing an additional 11,348 shares in the last quarter. MUFG Americas increased its holdings in Charles Schwab by 12.4% during the 3rd quarter. MUFG Americas now owns 165,460 shares of the financial services provider’s stock worth $4,726,000 after purchasing an additional 18,280 shares in the last quarter. West Oak Capital increased its holdings in Charles Schwab by 14.7% during the 4th quarter. West Oak Capital now owns 43,570 shares of the financial services provider’s stock worth $1,434,760 after purchasing an additional 5,575 shares in the last quarter. Finally, Mitchell Sinkler & Starr increased its holdings in Charles Schwab by 27.0% during the 4th quarter. Mitchell Sinkler & Starr now owns 11,820 shares of the financial services provider’s stock worth $389,000 after purchasing an additional 2,510 shares in the last quarter. Institutional investors and hedge funds own 79.54% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Charles Schwab (SCHW) Earns “Buy” Rating from Credit Suisse Group” was posted by American Banking News and is the property of of American Banking News. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2018/01/13/charles-schwab-schw-earns-buy-rating-from-credit-suisse-group.html.

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.

Analyst Recommendations for Charles Schwab (NYSE:SCHW)

Receive News & Ratings for Charles Schwab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charles Schwab and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply