Brokerages Set Charles Schwab Co. (NYSE:SCHW) PT at $48.53

Shares of Charles Schwab Co. (NYSE:SCHW) have been assigned a consensus rating of “Hold” from the seventeen analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $47.60.

Several research firms recently issued reports on SCHW. Morgan Stanley upped their price objective on shares of Visa from $175.00 to $191.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Bank of America set a $80.00 price target on shares of Colgate-Palmolive and gave the company a “buy” rating in a report on Friday, July 12th. Compass Point set a $52.00 price target on shares of E*TRADE Financial and gave the company a “buy” rating in a report on Tuesday, July 2nd. JPMorgan Chase & Co. set a $44.00 price target on shares of Charles Schwab and gave the company a “buy” rating in a report on Friday, June 21st. Finally, Wells Fargo & Co reissued a “hold” rating on shares of AON in a report on Friday, April 5th.

Shares of NYSE SCHW traded up $1.24 during trading hours on Tuesday, hitting $42.72. 12,138,906 shares of the stock were exchanged, compared to its average volume of 9,501,990. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $41.16. The stock has a market cap of $57.03 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 4.55 and a beta of 1.23. Charles Schwab has a one year low of $37.83 and a one year high of $53.61.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.68 billion. Charles Schwab had a net margin of 35.29% and a return on equity of 20.60%. Charles Schwab’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 EPS. On average, analysts anticipate that Charles Schwab will post 2.68 EPS for the current year.

In other Charles Schwab news, Director Charles A. Ruffel acquired 2,500 shares of Charles Schwab stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $46.10 per share, with a total value of $115,250.00. Following the acquisition, the director now owns 788 shares of the company’s stock, valued at $36,326.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jonathan M. Craig sold 3,740 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $40.20, for a total transaction of $150,348.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 814,376 shares of company stock valued at $37,150,434. Insiders own 10.90% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC acquired a new stake in shares of Charles Schwab during the 1st quarter worth about $32,000. Berman Capital Advisors LLC increased its position in shares of Charles Schwab by 260.7% during the 1st quarter. Berman Capital Advisors LLC now owns 1,046 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 756 shares in the last quarter. Spectrum Management Group Inc. increased its position in shares of Charles Schwab by 44.5% during the 1st quarter. Spectrum Management Group Inc. now owns 1,071 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 330 shares in the last quarter. Liberty Wealth Management LLC acquired a new stake in shares of Charles Schwab during the 4th quarter worth about $49,000. Finally, First PREMIER Bank acquired a new stake in shares of Charles Schwab during the 2nd quarter worth about $49,000. 78.70% of the stock is owned by institutional investors.

About Charles Schwab

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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Analyst Recommendations for Charles Schwab (NYSE:SCHW)

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