Charles Schwab Co. (NYSE:SCHW) has been given a consensus rating of “Hold” by the sixteen ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $58.42.
A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Charles Schwab from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Tuesday, June 26th. Wells Fargo & Co boosted their price target on Charles Schwab from $54.00 to $56.00 and gave the stock a “$54.22” rating in a research report on Wednesday, July 18th. Morgan Stanley boosted their price target on Charles Schwab from $63.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 25th. Citigroup reduced their price target on Charles Schwab from $49.00 to $48.00 and set a “sell” rating for the company in a research report on Monday, July 23rd. Finally, ValuEngine lowered Charles Schwab from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th.
SCHW traded up $0.34 during trading on Friday, reaching $47.04. 377,800 shares of the company were exchanged, compared to its average volume of 7,267,615. The company has a market cap of $64.91 billion, a P/E ratio of 28.56, a PEG ratio of 1.19 and a beta of 1.55. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.27 and a quick ratio of 0.27. Charles Schwab has a 52 week low of $42.20 and a 52 week high of $60.22.
Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Monday, October 15th. The financial services provider reported $0.65 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.65. The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.58 billion. Charles Schwab had a return on equity of 19.46% and a net margin of 32.65%. The firm’s revenue was up 19.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.42 EPS. As a group, research analysts anticipate that Charles Schwab will post 2.45 earnings per share for the current year.
In other news, insider Marie A. Chandoha sold 8,424 shares of the business’s stock in a transaction on Tuesday, October 16th. The stock was sold at an average price of $48.01, for a total transaction of $404,436.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jonathan M. Craig sold 2,629 shares of the business’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $48.84, for a total value of $128,400.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 217,271 shares of company stock valued at $11,385,530. Insiders own 11.50% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Acropolis Investment Management LLC acquired a new stake in shares of Charles Schwab during the second quarter worth $115,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Charles Schwab during the third quarter worth $111,000. Point72 Hong Kong Ltd acquired a new stake in shares of Charles Schwab during the second quarter worth $134,000. Kaizen Advisory LLC raised its position in shares of Charles Schwab by 157.6% during the second quarter. Kaizen Advisory LLC now owns 2,980 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 1,823 shares during the period. Finally, Sun Life Financial INC raised its position in shares of Charles Schwab by 1,041.8% during the second quarter. Sun Life Financial INC now owns 3,254 shares of the financial services provider’s stock worth $166,000 after purchasing an additional 2,969 shares during the period. 80.36% of the stock is currently owned by institutional investors.
Charles Schwab Company Profile
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.
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