Shares of Charles Schwab Corp (NYSE:SCHW) have been given a consensus recommendation of “Buy” by the nineteen analysts that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $51.60.
Several equities research analysts have recently commented on the stock. Citigroup reaffirmed a “buy” rating and set a $60.00 price target (up previously from $52.00) on shares of Charles Schwab in a research report on Tuesday. Zacks Investment Research raised shares of Charles Schwab from a “hold” rating to a “strong-buy” rating and set a $60.00 price target for the company in a research report on Friday, January 5th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $55.00 price target (up previously from $47.00) on shares of Charles Schwab in a research report on Thursday, January 4th. JMP Securities lowered shares of Charles Schwab from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 3rd. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $63.00 price target (up previously from $56.00) on shares of Charles Schwab in a research report on Tuesday, December 26th.
In other Charles Schwab news, CFO Peter B. Crawford sold 1,063 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $44.64, for a total value of $47,452.32. Following the completion of the transaction, the chief financial officer now directly owns 11,302 shares in the company, valued at approximately $504,521.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Walter W. Bettinger purchased 72,510 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was acquired at an average price of $27.21 per share, with a total value of $1,972,997.10. Following the completion of the purchase, the insider now directly owns 41,330 shares in the company, valued at $1,124,589.30. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 1,658,531 shares of company stock valued at $77,397,901. 12.00% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Bogart Wealth LLC boosted its stake in Charles Schwab by 1,100.0% in the 4th quarter. Bogart Wealth LLC now owns 2,040 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 1,870 shares during the period. Zions Bancorporation boosted its stake in Charles Schwab by 1,545.3% in the 3rd quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 3,585 shares during the period. Fruth Investment Management bought a new position in Charles Schwab in the 4th quarter worth approximately $226,000. Quadrant Capital Group LLC boosted its stake in Charles Schwab by 31.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 1,082 shares during the period. Finally, Frontier Wealth Management LLC bought a new position in Charles Schwab in the 2nd quarter worth approximately $210,000. Institutional investors and hedge funds own 79.54% of the company’s stock.
Charles Schwab (NYSE:SCHW) traded up $0.61 during midday trading on Friday, hitting $54.17. 5,379,300 shares of the stock traded hands, compared to its average volume of 6,204,537. Charles Schwab has a 12-month low of $37.16 and a 12-month high of $54.47. The stock has a market cap of $73,960.00, a price-to-earnings ratio of 34.72, a P/E/G 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. Charles Schwab had a net margin of 27.30% and a return on equity of 15.77%. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. analysts forecast that Charles Schwab will post 1.61 EPS 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.
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