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.
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.
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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.
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