Shares of Charles Schwab Co. (NYSE:SCHW) have been assigned an average recommendation of “Hold” from the seventeen ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $47.60.

SCHW has been the subject of a number of recent research reports. Citigroup downgraded shares of Apergy from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $41.00 to $34.00 in a research report on Tuesday, July 9th. ValuEngine downgraded shares of Virtu Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, June 18th. Wells Fargo & Co reaffirmed a “hold” rating on shares of AON in a research report on Friday, April 5th. Deutsche Bank reaffirmed a “buy” rating and set a GBX 4,000 ($52.27) price objective on shares of in a research report on Tuesday, June 18th. Finally, JPMorgan Chase & Co. set a $44.00 price objective on shares of Charles Schwab and gave the company a “buy” rating in a research report on Friday, June 21st.

In other news, Chairman Charles R. Schwab sold 56,280 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $46.27, for a total value of $2,604,075.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jonathan M. Craig sold 3,740 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $40.20, for a total transaction of $150,348.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 814,376 shares of company stock valued at $37,150,434. 10.90% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Northern Trust Corp lifted its stake in Charles Schwab by 0.3% during the first quarter. Northern Trust Corp now owns 16,708,657 shares of the financial services provider’s stock valued at $714,463,000 after purchasing an additional 52,865 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Charles Schwab by 24.0% during the first quarter. Clearbridge Investments LLC now owns 14,863,818 shares of the financial services provider’s stock valued at $635,577,000 after purchasing an additional 2,880,846 shares during the last quarter. Harris Associates L P lifted its stake in Charles Schwab by 197.1% during the fourth quarter. Harris Associates L P now owns 13,940,097 shares of the financial services provider’s stock valued at $578,932,000 after purchasing an additional 9,248,471 shares during the last quarter. Geode Capital Management LLC lifted its stake in Charles Schwab by 5.9% during the fourth quarter. Geode Capital Management LLC now owns 13,627,245 shares of the financial services provider’s stock valued at $564,801,000 after purchasing an additional 758,069 shares during the last quarter. Finally, Norges Bank acquired a new stake in Charles Schwab during the fourth quarter valued at approximately $443,292,000. 78.70% of the stock is owned by institutional investors.

Shares of SCHW traded up $1.24 during midday trading on Tuesday, hitting $42.72. The company had a trading volume of 12,138,906 shares, compared to its average volume of 9,501,990. The firm has a 50 day moving average price of $41.16. The stock has a market cap of $57.03 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 4.55 and a beta of 1.23. Charles Schwab has a 52 week low of $37.83 and a 52 week high of $53.61. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.36.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, July 16th. The financial services provider reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.68 billion. Charles Schwab had a net margin of 35.29% and a return on equity of 20.60%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 EPS. On average, research analysts predict that Charles Schwab will post 2.68 EPS for the current fiscal year.

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.

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Analyst Recommendations for Charles Schwab (NYSE:SCHW)

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