Citigroup downgraded shares of Charles Schwab (NYSE:SCHW) from a neutral rating to a sell rating in a research report released on Wednesday morning, Marketbeat Ratings reports. They currently have $49.00 price objective on the financial services provider’s stock.

Other research analysts also recently issued reports about the stock. Morgan Stanley boosted their price objective on shares of Charles Schwab from $61.00 to $63.00 and gave the company an overweight rating in a research report on Tuesday, January 30th. JMP Securities downgraded shares of Charles Schwab from an outperform rating to a market perform rating in a research report on Wednesday, January 3rd. Nomura restated a neutral rating and set a $54.00 price objective (up from $50.00) on shares of Charles Schwab in a research report on Thursday, January 18th. Credit Suisse Group restated a positive rating and set a $70.00 price objective (up from $64.00) on shares of Charles Schwab in a research report on Thursday, January 18th. Finally, BidaskClub upgraded shares of Charles Schwab from a buy rating to a strong-buy rating in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $53.88.

Charles Schwab (SCHW) opened at $52.03 on Wednesday. Charles Schwab has a 1 year low of $37.16 and a 1 year high of $56.25. The company has a market cap of $70,862.85, a P/E ratio of 32.23, a price-to-earnings-growth ratio of 1.30 and a beta of 1.63. 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 (NYSE:SCHW) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. Charles Schwab had a net margin of 27.32% and a return on equity of 16.31%. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the business earned $0.36 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. equities research analysts anticipate that Charles Schwab will post 2.4 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, February 8th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.77%. Charles Schwab’s dividend payout ratio is 19.88%.

In other news, EVP Bernard J. Clark sold 50,444 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $50.52, for a total transaction of $2,548,430.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Charles R. Schwab sold 200,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $44.29, for a total transaction of $8,858,000.00. The disclosure for this sale can be found here. Insiders have sold 2,206,918 shares of company stock valued at $109,958,290 over the last quarter. Company insiders own 12.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Laurel Wealth Advisors Inc. grew its stake in shares of Charles Schwab by 8.8% in the second quarter. Laurel Wealth Advisors Inc. now owns 7,907 shares of the financial services provider’s stock worth $339,000 after purchasing an additional 638 shares during the last quarter. Tower Bridge Advisors grew its stake in shares of Charles Schwab by 0.4% in the fourth quarter. Tower Bridge Advisors now owns 276,921 shares of the financial services provider’s stock worth $14,225,000 after purchasing an additional 1,011 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Charles Schwab by 31.4% in the second quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 1,082 shares during the last quarter. Mastrapasqua Asset Management Inc. grew its stake in shares of Charles Schwab by 1.0% in the third quarter. Mastrapasqua Asset Management Inc. now owns 114,985 shares of the financial services provider’s stock worth $5,029,000 after purchasing an additional 1,149 shares during the last quarter. Finally, IFM Investors Pty Ltd grew its stake in shares of Charles Schwab by 3.5% in the third quarter. IFM Investors Pty Ltd now owns 33,908 shares of the financial services provider’s stock worth $1,483,000 after purchasing an additional 1,157 shares during the last quarter. 79.72% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Citigroup Lowers Charles Schwab (SCHW) to Sell” was first reported by Daily Political and is the sole property of of Daily Political. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://www.dailypolitical.com/2018/02/08/citigroup-lowers-charles-schwab-schw-to-sell.html.

Charles Schwab Company Profile

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)

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.