Charles Schwab (SCHW) Earns “Neutral” Rating from Citigroup

Charles Schwab (NYSE:SCHW)‘s stock had its “neutral” rating reissued by Citigroup in a research note issued to investors on Friday.

Several other research analysts also recently weighed in on the company. Credit Suisse Group initiated coverage on Charles Schwab in a research note on Thursday, November 30th. They set an “outperform” rating and a $55.00 target price on the stock. Deutsche Bank boosted their target price on Charles Schwab from $46.00 to $47.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. SunTrust Banks boosted their target price on Charles Schwab to $56.00 and gave the stock an “average” rating in a research note on Friday, December 15th. They noted that the move was a valuation call. Morgan Stanley boosted their target price on Charles Schwab from $51.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, October 5th. Finally, BidaskClub upgraded Charles Schwab from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 10th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $54.00.

Shares of Charles Schwab (NYSE:SCHW) traded down $0.76 during mid-day trading on Friday, reaching $55.33. The company had a trading volume of 5,837,200 shares, compared to its average volume of 6,722,342. Charles Schwab has a 1 year low of $37.16 and a 1 year high of $56.25. 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 $74,090.00, a P/E ratio of 34.37, a price-to-earnings-growth ratio of 1.40 and a beta of 1.75.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Charles Schwab had a return on equity of 16.31% and a net margin of 27.32%. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the business earned $0.36 EPS. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. sell-side analysts predict that Charles Schwab will post 2.35 EPS for the current year.

In other news, CFO Peter B. Crawford sold 1,063 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $44.64, for a total value of $47,452.32. Following the completion of the transaction, the chief financial officer now owns 11,302 shares of the company’s stock, valued at approximately $504,521.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Walter W. Bettinger acquired 72,510 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was bought at an average cost of $27.21 per share, with a total value of $1,972,997.10. Following the acquisition, 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. In the last quarter, insiders have sold 1,958,531 shares of company stock worth $93,990,901. Company insiders own 12.00% of the company’s stock.

Several hedge funds have recently modified their holdings of SCHW. CIBC World Markets Inc. acquired a new position in shares of Charles Schwab in the 2nd quarter valued at about $282,000. Thrivent Financial For Lutherans raised its holdings in Charles Schwab by 3.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 46,035 shares of the financial services provider’s stock worth $1,978,000 after purchasing an additional 1,400 shares during the period. FMR LLC raised its holdings in Charles Schwab by 11.3% in the 2nd quarter. FMR LLC now owns 30,766,004 shares of the financial services provider’s stock worth $1,321,708,000 after purchasing an additional 3,128,532 shares during the period. MML Investors Services LLC raised its holdings in Charles Schwab by 25.5% in the 2nd quarter. MML Investors Services LLC now owns 10,569 shares of the financial services provider’s stock worth $454,000 after purchasing an additional 2,148 shares during the period. Finally, M&T Bank Corp raised its holdings in Charles Schwab by 0.7% in the 2nd quarter. M&T Bank Corp now owns 194,949 shares of the financial services provider’s stock worth $8,376,000 after purchasing an additional 1,403 shares during the period. 79.59% of the stock is owned by institutional investors and hedge funds.

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About Charles Schwab

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)

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