Jefferies Group Reiterates “Buy” Rating for Charles Schwab (SCHW)

Charles Schwab (NYSE:SCHW)‘s stock had its “buy” rating restated by analysts at Jefferies Group in a research report issued on Friday. They presently have a $65.00 target price on the financial services provider’s stock. Jefferies Group’s price target points to a potential upside of 18.20% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Credit Suisse Group lowered their price objective on shares of Charles Schwab from $70.00 to $69.00 and set an “outperform” rating on the stock 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 on the stock. in a research report on Wednesday, February 7th. SunTrust Banks reiterated a “buy” rating on shares of Charles Schwab in a research report on Wednesday, February 14th. JMP Securities cut shares of Charles Schwab from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 3rd. Finally, Nomura restated a “neutral” rating and set a $54.00 price target (up from $50.00) on shares of Charles Schwab in a report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $55.73.

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NYSE SCHW opened at $54.99 on Friday. Charles Schwab has a twelve month low of $37.63 and a twelve month high of $58.11. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.30 and a current ratio of 0.31. The company has a market cap of $72,278.66, a price-to-earnings ratio of 33.53, a PEG ratio of 1.30 and a beta of 1.55.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Monday, April 16th. The financial services provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. Charles Schwab had a net margin of 28.80% and a return on equity of 17.20%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the previous year, the company posted $0.39 EPS. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. equities analysts expect that Charles Schwab will post 2.44 earnings per share for the current year.

In related news, EVP Jonathan M. Craig sold 2,629 shares of the company’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $52.11, for a total value of $136,997.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Terri R. Kallsen sold 2,026 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $51.94, for a total transaction of $105,230.44. Following the completion of the sale, the executive vice president now owns 1,706 shares of the company’s stock, valued at $88,609.64. The disclosure for this sale can be found here. Insiders sold 622,854 shares of company stock valued at $33,783,971 over the last quarter. 11.50% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Zeke Capital Advisors LLC raised its position in shares of Charles Schwab by 4.8% during the fourth quarter. Zeke Capital Advisors LLC now owns 21,903 shares of the financial services provider’s stock valued at $1,125,000 after buying an additional 994 shares during the last quarter. Laurel Wealth Advisors Inc. raised its position in shares of Charles Schwab by 12.7% during the fourth quarter. Laurel Wealth Advisors Inc. now owns 8,855 shares of the financial services provider’s stock valued at $454,000 after buying an additional 996 shares during the last quarter. Tower Bridge Advisors raised its position in shares of Charles Schwab by 0.4% during the fourth quarter. Tower Bridge Advisors now owns 276,921 shares of the financial services provider’s stock valued at $14,225,000 after buying an additional 1,011 shares during the last quarter. Frontier Investment Mgmt Co. raised its position in shares of Charles Schwab by 8.2% during the fourth quarter. Frontier Investment Mgmt Co. now owns 14,631 shares of the financial services provider’s stock valued at $752,000 after buying an additional 1,112 shares during the last quarter. Finally, Global X Management Co. LLC raised its position in shares of Charles Schwab by 7.5% during the fourth quarter. Global X Management Co. LLC now owns 16,095 shares of the financial services provider’s stock valued at $827,000 after buying an additional 1,125 shares during the last quarter. Hedge funds and other institutional investors own 80.58% of the company’s stock.

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About Charles Schwab

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

Analyst Recommendations for Charles Schwab (NYSE:SCHW)

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