Charles Schwab (SCHW) Earns “Positive” Rating from Credit Suisse Group

Credit Suisse Group reissued their positive rating on shares of Charles Schwab (NYSE:SCHW) in a report released on Thursday, The Fly reports. Credit Suisse Group currently has a $70.00 price target on the financial services provider’s stock, up from their prior price target of $64.00.

Several other analysts have also commented on SCHW. Argus raised their price objective on Charles Schwab from $59.00 to $69.00 and gave the company a buy rating in a report on Thursday. BidaskClub upgraded Charles Schwab from a hold rating to a buy rating in a research report on Tuesday, September 26th. Wells Fargo & Co restated a market perform rating and issued a $55.00 target price (up previously from $47.00) on shares of Charles Schwab in a research report on Thursday, January 4th. JMP Securities downgraded Charles Schwab from an outperform rating to a market perform rating in a research report on Wednesday, January 3rd. Finally, Citigroup restated a buy rating and issued a $60.00 target price (up previously from $52.00) on shares of Charles Schwab in a research report on Tuesday, January 9th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $54.00.

Shares of Charles Schwab (SCHW) opened at $55.48 on Thursday. 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 1-year low of $37.16 and a 1-year high of $56.25. The company has a market capitalization of $74,290.00, a P/E ratio of 34.46, a price-to-earnings-growth ratio of 1.36 and a beta of 1.75.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.44 EPS for the quarter, beating 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 last year, the company earned $0.36 earnings per share. Charles Schwab’s quarterly revenue was up 13.7% compared to the same quarter last year. equities research analysts anticipate that Charles Schwab will post 2.39 EPS for the current year.

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

A number of institutional investors have recently made changes to their positions in the stock. Bogart Wealth LLC raised its position in Charles Schwab by 1,100.0% in 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 during the period. Acadian Asset Management LLC purchased a new stake in Charles Schwab in the fourth quarter valued at $187,000. Zions Bancorporation raised its position in Charles Schwab by 1,545.3% in 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 during the period. BLB&B Advisors LLC purchased a new stake in Charles Schwab in the fourth quarter valued at $220,000. Finally, Fruth Investment Management purchased a new stake in Charles Schwab in the fourth quarter valued at $226,000. 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.

The Fly

Analyst Recommendations for Charles Schwab (NYSE:SCHW)

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