Citigroup upgraded shares of Charles Schwab (NYSE:SCHW) from a sell rating to a neutral rating in a research report report published on Sunday morning. Citigroup currently has $44.08 price objective on the financial services provider’s stock.

SCHW has been the topic of several other research reports. Morgan Stanley reduced their price target on shares of Charles Schwab from $66.00 to $60.00 and set a buy rating on the stock in a research report on Wednesday, November 14th. UBS Group lowered shares of Charles Schwab from a buy rating to a neutral rating in a research report on Monday, November 19th. Deutsche Bank raised shares of Charles Schwab from a hold rating to a buy rating and lifted their price target for the company from $52.00 to $54.00 in a research report on Tuesday, October 30th. Raymond James raised shares of Charles Schwab from a market perform rating to an outperform rating and set a $54.00 price target on the stock in a research report on Tuesday, October 30th. They noted that the move was a valuation call. Finally, Barclays reduced their price target on shares of Charles Schwab from $65.00 to $57.00 and set an overweight rating on the stock in a research report on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $56.94.

SCHW opened at $43.01 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.29 and a current ratio of 0.29. Charles Schwab has a 1-year low of $42.01 and a 1-year high of $60.22. The company has a market capitalization of $60.50 billion, a price-to-earnings ratio of 26.23, a price-to-earnings-growth ratio of 1.13 and a beta of 1.45.

Charles Schwab (NYSE:SCHW) last released its earnings results on Monday, October 15th. The financial services provider reported $0.65 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.65. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.58 billion. Charles Schwab had a net margin of 32.65% and a return on equity of 19.02%. The business’s revenue was up 19.1% on a year-over-year basis. During the same period last year, the company posted $0.42 EPS. Sell-side analysts forecast that Charles Schwab will post 2.44 EPS for the current fiscal year.

Charles Schwab announced that its board has authorized a stock buyback plan on Thursday, October 25th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 1.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Friday, November 23rd. Investors of record on Friday, November 9th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $0.52 annualized dividend and a yield of 1.21%. Charles Schwab’s dividend payout ratio (DPR) is presently 31.71%.

In related news, Chairman Charles R. Schwab sold 383,000 shares of Charles Schwab stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $46.97, for a total value of $17,989,510.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Terri R. Kallsen sold 4,913 shares of Charles Schwab stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $46.09, for a total transaction of $226,440.17. The disclosure for this sale can be found here. Insiders sold a total of 411,366 shares of company stock valued at $19,333,819 in the last quarter. 11.50% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of SCHW. IFG Advisory LLC grew its stake in shares of Charles Schwab by 11.3% in the second quarter. IFG Advisory LLC now owns 10,087 shares of the financial services provider’s stock worth $515,000 after acquiring an additional 1,026 shares in the last quarter. HCR Wealth Advisors grew its stake in shares of Charles Schwab by 2.9% in the third quarter. HCR Wealth Advisors now owns 38,224 shares of the financial services provider’s stock worth $1,730,000 after acquiring an additional 1,081 shares in the last quarter. Gs Investments Inc. grew its stake in shares of Charles Schwab by 2.2% in the third quarter. Gs Investments Inc. now owns 50,805 shares of the financial services provider’s stock worth $2,497,000 after acquiring an additional 1,090 shares in the last quarter. Bbva Compass Bancshares Inc. grew its stake in shares of Charles Schwab by 8.1% in the second quarter. Bbva Compass Bancshares Inc. now owns 14,972 shares of the financial services provider’s stock worth $765,000 after acquiring an additional 1,121 shares in the last quarter. Finally, Tower Bridge Advisors grew its stake in shares of Charles Schwab by 0.5% in the third quarter. Tower Bridge Advisors now owns 244,541 shares of the financial services provider’s stock worth $12,019,000 after acquiring an additional 1,127 shares in the last quarter. Hedge funds and other institutional investors own 79.51% 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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