Charles Schwab’s (SCHW) “Buy” Rating Reiterated at SunTrust Banks

Charles Schwab (NYSE:SCHW)‘s stock had its “buy” rating reissued by investment analysts at SunTrust Banks in a research note issued to investors on Wednesday.

A number of other equities analysts have also recently weighed in on SCHW. Credit Suisse Group lowered their price objective on shares of Charles Schwab from $70.00 to $69.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Citigroup cut shares of Charles Schwab from a “neutral” rating to a “sell” rating and set a $49.00 price objective for the company. in a research report on Wednesday, February 7th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $55.00 price objective (up previously from $47.00) on shares of Charles Schwab in a research report on Thursday, January 4th. Morgan Stanley raised their price target on shares of Charles Schwab from $61.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Finally, BidaskClub cut shares of Charles Schwab from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $53.88.

Charles Schwab (NYSE SCHW) traded up $1.25 during trading hours on Wednesday, hitting $52.40. 5,971,996 shares of the company were exchanged, compared to its average volume of 7,930,428. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.30. The stock has a market cap of $68,570.00, a PE ratio of 32.57, a P/E/G ratio of 1.26 and a beta of 1.63. Charles Schwab has a 1 year low of $37.16 and a 1 year high of $56.25.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Charles Schwab had a net margin of 27.32% and a return on equity of 16.31%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the company posted $0.36 EPS. equities analysts predict that Charles Schwab will post 2.37 earnings per share for the current year.

In other news, Chairman Charles R. Schwab sold 350,000 shares of Charles Schwab stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $44.65, for a total transaction of $15,627,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bernard J. Clark sold 50,444 shares of Charles Schwab stock in a transaction on Monday, December 4th. The stock was sold at an average price of $50.52, for a total transaction of $2,548,430.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,008,944 shares of company stock valued at $101,205,520. Corporate insiders own 12.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in SCHW. Bogart Wealth LLC raised its stake in Charles Schwab by 1,100.0% during the 4th quarter. Bogart Wealth LLC now owns 2,040 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 1,870 shares in the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new stake in Charles Schwab during the 4th quarter worth $118,000. Zions Bancorporation raised its stake in Charles Schwab by 1,545.3% during the 3rd quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock worth $167,000 after acquiring an additional 3,585 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Charles Schwab during the 4th quarter worth $187,000. Finally, Lourd Capital LLC acquired a new stake in Charles Schwab during the 4th quarter worth $208,000. 79.47% 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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