Charles Schwab Corp (SCHW) Given Consensus Rating of “Buy” by Analysts

Charles Schwab Corp (NYSE:SCHW) has been assigned an average recommendation of “Buy” from the nineteen analysts that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $51.60.

A number of analysts have weighed in on SCHW shares. Zacks Investment Research upgraded Charles Schwab from a “hold” rating to a “strong-buy” rating and set a $60.00 target price on the stock in a research note on Friday, January 5th. Wells Fargo & Co reiterated a “market perform” rating and issued a $55.00 target price (up previously from $47.00) on shares of Charles Schwab in a research note on Thursday, January 4th. SunTrust Banks reiterated a “buy” rating and issued a $63.00 target price (up previously from $56.00) on shares of Charles Schwab in a research note on Tuesday, December 26th. Morgan Stanley increased their target price on Charles Schwab from $51.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, October 5th. Finally, Barclays increased their target price on Charles Schwab from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 10th.

In other news, insider Walter W. Bettinger purchased 72,510 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were acquired at an average price of $27.21 per share, with a total value of $1,972,997.10. Following the transaction, the insider now owns 41,330 shares of the company’s stock, valued at $1,124,589.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Terri R. Kallsen sold 2,026 shares of the stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $51.30, for a total value of $103,933.80. Following the transaction, the executive vice president now directly owns 1,706 shares in the company, valued at approximately $87,517.80. The disclosure for this sale can be found here. Insiders have sold a total of 1,658,531 shares of company stock worth $77,397,901 in the last three months. Corporate insiders own 12.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bogart Wealth LLC boosted its position in Charles Schwab by 1,100.0% during the fourth quarter. Bogart Wealth LLC now owns 2,040 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 1,870 shares in the last quarter. Zions Bancorporation boosted its position in Charles Schwab by 1,545.3% during the third quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 3,585 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Charles Schwab by 31.4% during the second quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock valued at $168,000 after purchasing an additional 1,082 shares in the last quarter. Frontier Wealth Management LLC bought a new stake in Charles Schwab during the second quarter valued at about $210,000. Finally, Institute for Wealth Management LLC. bought a new stake in Charles Schwab during the second quarter valued at about $222,000. 79.54% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab (NYSE SCHW) traded up $0.61 during trading hours on Friday, reaching $54.17. The company had a trading volume of 5,379,300 shares, compared to its average volume of 6,204,537. Charles Schwab has a one year low of $37.16 and a one year high of $54.47. The stock has a market cap of $73,960.00, a price-to-earnings ratio of 34.72, a PEG ratio of 1.30 and a beta of 1.75. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.21.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. Charles Schwab had a return on equity of 15.77% and a net margin of 27.30%. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the firm posted $0.35 EPS. Charles Schwab’s quarterly revenue was up 13.1% compared to the same quarter last year. analysts anticipate that Charles Schwab will post 1.61 earnings per share for the current fiscal year.

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About Charles Schwab

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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