Charles Schwab (NYSE:SCHW)‘s stock had its “neutral” rating reiterated by equities research analysts at Nomura in a research note issued on Thursday. They presently have a $54.00 price target on the financial services provider’s stock, up from their prior price target of $50.00. Nomura’s price target suggests a potential downside of 3.73% from the company’s current price.

SCHW has been the topic of several other research reports. Zacks Investment Research upgraded 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 report on Friday, January 5th. Wells Fargo & Co restated a “market perform” rating and set a $55.00 price objective (up previously from $47.00) on shares of Charles Schwab in a report on Thursday, January 4th. SunTrust Banks restated a “buy” rating and set a $63.00 price objective (up previously from $56.00) on shares of Charles Schwab in a report on Tuesday, December 26th. Morgan Stanley upped their price objective on shares of Charles Schwab from $51.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, October 5th. Finally, Barclays increased their target price on shares of Charles Schwab from $48.00 to $51.00 and gave the company an “overweight” rating in a report on Tuesday, October 10th. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Charles Schwab has an average rating of “Buy” and a consensus price target of $54.00.

Charles Schwab (SCHW) traded up $0.56 on Thursday, reaching $56.09. 8,312,100 shares of the company’s stock traded hands, compared to its average volume of 6,802,809. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.30 and a current ratio of 0.31. Charles Schwab has a 1 year low of $37.16 and a 1 year high of $56.25. The firm has a market capitalization of $74,660.00, a P/E ratio of 35.96, a price-to-earnings-growth ratio of 1.39 and a beta of 1.75.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. The business’s revenue was up 13.1% on a year-over-year basis. analysts forecast that Charles Schwab will post 1.61 earnings per share for the current year.

In related news, insider Marie A. Chandoha sold 7,000 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $45.59, for a total transaction of $319,130.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 1,658,531 shares of company stock valued at $77,397,901. 12.00% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of SCHW. Cubist Systematic Strategies LLC boosted its position in Charles Schwab by 317.6% during the second quarter. Cubist Systematic Strategies LLC now owns 51,701 shares of the financial services provider’s stock worth $2,221,000 after purchasing an additional 39,321 shares during the period. CIBC World Markets Inc. bought a new position in Charles Schwab during the second quarter worth about $282,000. CAPROCK Group Inc. boosted its position in Charles Schwab by 22.3% during the third quarter. CAPROCK Group Inc. now owns 6,532 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 1,190 shares during the period. Northern Trust Corp boosted its position in Charles Schwab by 8.8% during the second quarter. Northern Trust Corp now owns 16,795,035 shares of the financial services provider’s stock worth $721,515,000 after purchasing an additional 1,361,516 shares during the period. Finally, Sentry Investment Management LLC boosted its position in Charles Schwab by 11.6% during the second quarter. Sentry Investment Management LLC now owns 96,298 shares of the financial services provider’s stock worth $4,137,000 after purchasing an additional 9,971 shares during the period. 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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