Charles Schwab’s (SCHW) “Neutral” Rating Reaffirmed at Citigroup

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.

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

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.

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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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