Charles Schwab (NYSE:SCHW) had its target price cut by Citigroup from $43.50 to $39.50 in a research report sent to investors on Tuesday, BenzingaRatingsTable reports. They currently have a neutral rating on the financial services provider’s stock.

Several other research analysts also recently weighed in on SCHW. Compass Point set a $52.00 target price on E*TRADE Financial and gave the stock a buy rating in a research note on Tuesday, July 2nd. Zacks Investment Research raised Key Energy Services from a hold rating to a buy rating and set a $4.50 price target for the company in a research report on Wednesday, March 13th. ValuEngine cut 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. Finally, Bank of America set a $180.00 price target on CME Group and gave the stock a hold rating in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. Charles Schwab presently has a consensus rating of Hold and a consensus price target of $49.39.

Shares of SCHW stock opened at $40.46 on Tuesday. Charles Schwab has a 1-year low of $37.83 and a 1-year high of $54.26. The stock’s fifty day simple moving average is $41.47. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.36. The stock has a market cap of $52.95 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 1.86 and a beta of 1.23.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Monday, April 15th. The financial services provider reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. Charles Schwab had a return on equity of 20.47% and a net margin of 35.27%. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the previous year, the business earned $0.55 EPS. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. Sell-side analysts predict that Charles Schwab will post 2.72 EPS for the current year.

In other news, Chairman Charles R. Schwab sold 250,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $45.29, for a total value of $11,322,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles A. Ruffel acquired 2,500 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $46.10 per share, with a total value of $115,250.00. Following the acquisition, the director now owns 788 shares in the company, valued at $36,326.80. The disclosure for this purchase can be found here. In the last three months, insiders sold 841,576 shares of company stock valued at $38,416,671. Insiders own 10.90% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Quantamental Technologies LLC purchased a new position in shares of Charles Schwab in the 1st quarter valued at about $32,000. Berman Capital Advisors LLC increased its stake in shares of Charles Schwab by 260.7% in the 1st quarter. Berman Capital Advisors LLC now owns 1,046 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 756 shares in the last quarter. Spectrum Management Group Inc. increased its stake in shares of Charles Schwab by 44.5% in the 1st quarter. Spectrum Management Group Inc. now owns 1,071 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 330 shares in the last quarter. Clearbridge LLC increased its stake in shares of Charles Schwab by 75.1% in the 4th quarter. Clearbridge LLC now owns 1,096 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 470 shares in the last quarter. Finally, Semmax Financial Advisors Inc. purchased a new position in shares of Charles Schwab in the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 78.92% of the company’s stock.

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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