Citigroup reiterated their neutral rating on shares of Charles Schwab (NYSE:SCHW) in a research note published on Friday morning, Marketbeat.com reports.
SCHW has been the topic of several other reports. Zacks Investment Research raised shares of Charles Schwab from a hold rating to a strong-buy rating and set a $60.00 price objective on the stock in a research report on Friday, January 5th. Wells Fargo & Co restated a market perform rating and issued a $55.00 price target (up from $47.00) on shares of Charles Schwab in a research note on Thursday, January 4th. SunTrust Banks restated a buy rating and issued a $63.00 price target (up from $56.00) on shares of Charles Schwab in a research note on Tuesday, December 26th. Morgan Stanley upped their price target on shares of Charles Schwab from $51.00 to $53.00 and gave the company an overweight rating in a research note on Thursday, October 5th. Finally, Barclays upped their price target on shares of Charles Schwab from $48.00 to $51.00 and gave the company an overweight rating in a research note on Tuesday, October 10th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $54.00.
Charles Schwab (NYSE SCHW) opened at $55.48 on Friday. The firm has a market cap of $74,290.00, a PE ratio of 34.46, a PEG ratio of 1.36 and a beta of 1.75. Charles Schwab has a 1 year low of $37.16 and a 1 year high of $56.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.30.
In other Charles Schwab news, Chairman Charles R. Schwab sold 225,000 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $44.89, for a total transaction of $10,100,250.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Charles R. Schwab sold 300,000 shares of the stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $55.31, for a total transaction of $16,593,000.00. The disclosure for this sale can be found here. Insiders sold 1,958,531 shares of company stock worth $93,990,901 over the last 90 days. 12.00% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Bogart Wealth LLC grew its stake 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 worth $105,000 after buying an additional 1,870 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Charles Schwab during the fourth quarter worth about $187,000. Zions Bancorporation grew its stake 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 worth $167,000 after buying an additional 3,585 shares in the last quarter. BLB&B Advisors LLC bought a new position in shares of Charles Schwab in the fourth quarter worth about $220,000. Finally, Fruth Investment Management bought a new position in shares of Charles Schwab in the fourth quarter worth about $226,000. Hedge funds and other institutional investors own 79.59% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Charles Schwab’s (SCHW) “Neutral” Rating Reaffirmed at Citigroup” was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at https://sportsperspectives.com/2018/01/22/charles-schwabs-schw-neutral-rating-reaffirmed-at-citigroup.html.
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.
Receive News & Ratings for Charles Schwab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charles Schwab and related companies with MarketBeat.com's FREE daily email newsletter.