Charles Schwab (NYSE:SCHW)‘s stock had its “neutral” rating restated by research analysts at Citigroup in a research report issued to clients and investors on Friday, Marketbeat reports.

Several other brokerages have also weighed in on SCHW. BidaskClub lowered Charles Schwab from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 17th. Morgan Stanley upped their target price on Charles Schwab from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, October 5th. Nomura reaffirmed a “neutral” rating and issued a $54.00 target price (up from $50.00) on shares of Charles Schwab in a research report on Thursday. Deutsche Bank upped their target price on Charles Schwab from $46.00 to $47.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $63.00 target price (up from $56.00) on shares of Charles Schwab in a research report on Tuesday, December 26th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $54.00.

Charles Schwab (SCHW) opened at $55.48 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.30. Charles Schwab has a 52-week low of $37.16 and a 52-week high of $56.25. The firm has a market capitalization of $74,375.16, a PE ratio of 33.83, a price-to-earnings-growth ratio of 1.36 and a beta of 1.75.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. Charles Schwab had a return on equity of 16.31% and a net margin of 27.32%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the firm posted $0.36 EPS. The business’s revenue was up 13.7% compared to the same quarter last year. sell-side analysts anticipate that Charles Schwab will post 2.39 earnings per share for the current year.

In related news, Chairman Charles R. Schwab sold 300,000 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $55.31, for a total transaction of $16,593,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Peter B. Crawford sold 1,063 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $44.64, for a total value of $47,452.32. Following the sale, the chief financial officer now owns 11,302 shares of the company’s stock, valued at approximately $504,521.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,958,531 shares of company stock worth $93,990,901. 12.00% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Intermede Investment Partners Ltd boosted its stake in Charles Schwab by 5.0% during the 4th quarter. Intermede Investment Partners Ltd now owns 1,201,919 shares of the financial services provider’s stock valued at $61,743,000 after purchasing an additional 56,837 shares during the period. West Coast Financial LLC boosted its stake in Charles Schwab by 1.2% during the 4th quarter. West Coast Financial LLC now owns 100,838 shares of the financial services provider’s stock valued at $5,180,000 after purchasing an additional 1,238 shares during the period. State of Alaska Department of Revenue boosted its stake in Charles Schwab by 311.7% during the 4th quarter. State of Alaska Department of Revenue now owns 141,615 shares of the financial services provider’s stock valued at $7,272,000 after purchasing an additional 107,221 shares during the period. Oakbrook Investments LLC bought a new stake in Charles Schwab during the 4th quarter valued at approximately $308,000. Finally, Acadian Asset Management LLC bought a new stake in Charles Schwab during the 4th quarter valued at approximately $187,000. Hedge funds and other institutional investors own 79.59% of the company’s stock.

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Charles Schwab Company Profile

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

Analyst Recommendations for Charles Schwab (NYSE:SCHW)

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