Equities researchers at Credit Suisse Group initiated coverage on shares of The Charles Schwab (NYSE:SCHW) in a research report issued on Thursday. The brokerage set an “outperform” rating and a $55.00 price target on the financial services provider’s stock. Credit Suisse Group’s price target indicates a potential upside of 11.11% from the company’s previous close.

Several other research analysts have also recently issued reports on SCHW. BidaskClub cut The Charles Schwab from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Barclays started coverage on The Charles Schwab in a research report on Friday, September 8th. They issued an “overweight” rating and a $48.00 price objective for the company. Jefferies Group reiterated a “buy” rating and issued a $49.00 price objective on shares of The Charles Schwab in a research report on Friday, September 15th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $47.00 price objective on shares of The Charles Schwab in a research report on Friday, September 15th. Finally, Morgan Stanley increased their price objective on The Charles Schwab from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, October 5th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $47.56.

Shares of The Charles Schwab (NYSE:SCHW) opened at $49.50 on Thursday. The Charles Schwab has a 52 week low of $37.16 and a 52 week high of $49.55. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $65,406.71, a P/E ratio of 31.28, a PEG ratio of 2.08 and a beta of 1.74.

The 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, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The Charles Schwab had a return on equity of 15.77% and a net margin of 27.30%. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the prior year, the business earned $0.35 earnings per share. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. research analysts forecast that The Charles Schwab will post 1.62 EPS for the current fiscal year.

In other The Charles Schwab news, EVP Joseph R. Martinetto sold 94,988 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $48.15, for a total value of $4,573,672.20. Following the sale, the executive vice president now owns 229,024 shares of the company’s stock, valued at $11,027,505.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Peter B. Crawford sold 1,063 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $44.64, for a total value of $47,452.32. Following the completion of the sale, the chief financial officer now directly owns 11,302 shares in the company, valued at approximately $504,521.28. The disclosure for this sale can be found here. Insiders sold 1,558,339 shares of company stock worth $71,645,892 in the last three months. 12.00% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of The Charles Schwab by 3.2% during the second quarter. Vanguard Group Inc. now owns 81,925,586 shares of the financial services provider’s stock valued at $3,519,523,000 after acquiring an additional 2,536,947 shares during the last quarter. BlackRock Inc. boosted its stake in shares of The Charles Schwab by 2.5% during the second quarter. BlackRock Inc. now owns 73,666,134 shares of the financial services provider’s stock valued at $3,164,699,000 after acquiring an additional 1,790,015 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of The Charles Schwab by 1.3% during the second quarter. JPMorgan Chase & Co. now owns 39,576,199 shares of the financial services provider’s stock valued at $1,700,193,000 after acquiring an additional 491,451 shares during the last quarter. FMR LLC boosted its stake in shares of The Charles Schwab by 11.3% during the second quarter. FMR LLC now owns 30,766,004 shares of the financial services provider’s stock valued at $1,321,708,000 after acquiring an additional 3,128,532 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of The Charles Schwab by 86.3% during the second quarter. Capital Research Global Investors now owns 24,237,199 shares of the financial services provider’s stock valued at $1,041,230,000 after acquiring an additional 11,224,199 shares during the last quarter. 79.84% of the stock is currently owned by institutional investors and hedge funds.

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About The 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 The Charles Schwab (NYSE:SCHW)

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