Charles Schwab’s (SCHW) “Neutral” Rating Reiterated at Nomura

Charles Schwab (NYSE:SCHW)‘s stock had its “neutral” rating reissued by equities research analysts at Nomura in a report issued on Thursday, Marketbeat Ratings reports. They presently have a $54.00 price target on the financial services provider’s stock, up from their previous price target of $50.00. Nomura’s price objective would suggest a potential downside of 2.67% from the company’s previous close.

A number of other equities research analysts have also commented on the company. Citigroup reiterated a “buy” rating and issued a $60.00 price target (up previously from $52.00) on shares of Charles Schwab in a research report on Tuesday, January 9th. JMP Securities lowered Charles Schwab from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 3rd. Argus upped their price target on Charles Schwab from $59.00 to $69.00 and gave the company a “buy” rating in a research report on Thursday. BidaskClub upgraded Charles Schwab from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Finally, Credit Suisse Group reiterated a “positive” rating and issued a $70.00 price target (up previously from $64.00) on shares of Charles Schwab in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $54.00.

Shares of Charles Schwab (SCHW) traded up $0.15 during mid-day trading on Thursday, reaching $55.48. The company had a trading volume of 7,368,346 shares, compared to its average volume of 6,260,000. The company has a market cap of $74,290.00, a price-to-earnings ratio of 34.46, a P/E/G ratio of 1.36 and a beta of 1.75. Charles Schwab has a twelve month low of $37.16 and a twelve month high of $56.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.30.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.24 billion. Charles Schwab had a return on equity of 16.31% and a net margin of 27.32%. Charles Schwab’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS. sell-side analysts anticipate that Charles Schwab will post 2.39 earnings per share for the current fiscal year.

In other news, insider Walter W. Bettinger purchased 72,510 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were acquired at an average cost of $27.21 per share, with a total value 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Peter B. Crawford sold 1,063 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $44.64, for a total value of $47,452.32. Following the transaction, the chief financial officer now directly owns 11,302 shares in the company, valued at $504,521.28. The disclosure for this sale can be found here. Insiders sold a total of 1,958,531 shares of company stock worth $93,990,901 over the last three months. 12.00% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of SCHW. Bogart Wealth LLC raised its stake in shares of Charles Schwab by 1,100.0% in the fourth quarter. Bogart Wealth LLC now owns 2,040 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 1,870 shares during the last quarter. Zions Bancorporation raised its stake in shares of Charles Schwab by 1,545.3% in the third quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 3,585 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Charles Schwab by 31.4% in the second quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 1,082 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Charles Schwab in the fourth quarter worth approximately $187,000. Finally, Frontier Wealth Management LLC purchased a new stake in shares of Charles Schwab in the second quarter worth approximately $210,000. 79.59% of the stock is currently 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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