Charles Schwab (NYSE:SCHW) had its price target lowered by Citigroup from $43.50 to $39.50 in a research note released on Tuesday, BenzingaRatingsTable reports. Citigroup currently has a neutral rating on the financial services provider’s stock.

A number of other brokerages also recently commented on SCHW. Wells Fargo & Co reissued a hold rating on shares of AON in a research note on Friday, April 5th. Bank of America set a $180.00 target price on shares of CME Group and gave the company a hold rating in a research note on Tuesday, April 9th. Zacks Investment Research raised shares of Key Energy Services from a hold rating to a buy rating and set a $4.50 target price on the stock in a research note on Wednesday, March 13th. Deutsche Bank reissued a buy rating and issued a GBX 4,000 ($52.27) target price on shares of in a research note on Tuesday, June 18th. Finally, Compass Point set a $52.00 target price on shares of E*TRADE Financial and gave the company a buy rating in a research note on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $49.39.

NYSE:SCHW opened at $40.46 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $52.95 billion, a P/E ratio of 16.51, a P/E/G ratio of 1.86 and a beta of 1.23. Charles Schwab has a fifty-two week low of $37.83 and a fifty-two week high of $54.26. The stock’s 50 day moving average is $41.47.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.03. Charles Schwab had a net margin of 35.27% and a return on equity of 20.47%. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter last year, the firm posted $0.55 earnings per share. Charles Schwab’s revenue was up 13.6% on a year-over-year basis. As a group, research analysts anticipate that Charles Schwab will post 2.72 earnings per share for the current year.

In related news, Director Stephen T. Mclin sold 4,000 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $45.59, for a total transaction of $182,360.00. Following the completion of the sale, the director now directly owns 7,592 shares of the company’s stock, valued at approximately $346,119.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Nigel J. Murtagh sold 23,200 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $45.70, for a total transaction of $1,060,240.00. Following the sale, the executive vice president now directly owns 39,875 shares of the company’s stock, valued at $1,822,287.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 841,576 shares of company stock valued at $38,416,671. Company insiders own 10.90% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Comerica Securities Inc. lifted its stake in shares of Charles Schwab by 5.4% in the 4th quarter. Comerica Securities Inc. now owns 40,063 shares of the financial services provider’s stock valued at $1,664,000 after purchasing an additional 2,065 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in shares of Charles Schwab by 3.2% during the 4th quarter. Commonwealth Bank of Australia now owns 12,611 shares of the financial services provider’s stock worth $521,000 after acquiring an additional 388 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Charles Schwab by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,723,959 shares of the financial services provider’s stock worth $113,124,000 after acquiring an additional 76,982 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Charles Schwab by 39.5% during the 4th quarter. Stifel Financial Corp now owns 575,697 shares of the financial services provider’s stock worth $23,937,000 after acquiring an additional 163,118 shares during the last quarter. Finally, Kinneret Advisory LLC bought a new stake in shares of Charles Schwab during the 4th quarter worth approximately $586,000. 78.92% of the stock is owned by institutional investors and hedge funds.

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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