Charles Schwab (NYSE:SCHW) Rating Increased to Strong-Buy at Compass Point

Charles Schwab (NYSE:SCHW) was upgraded by equities researchers at Compass Point to a “strong-buy” rating in a research note issued to investors on Sunday,Zacks.com reports.

Several other brokerages have also issued reports on SCHW. Keefe, Bruyette & Woods began coverage on shares of Charles Schwab in a report on Wednesday, April 8th. They issued an “outperform” rating and a $110.00 price target for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Charles Schwab in a research note on Wednesday, July 22nd. Zacks Research raised Charles Schwab from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Argus increased their price target on Charles Schwab from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Charles Schwab in a research report on Thursday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.17.

Charles Schwab Stock Up 0.5%

Charles Schwab stock opened at $105.76 on Friday. The firm has a market capitalization of $183.94 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 0.80 and a beta of 0.76. The company’s 50 day simple moving average is $95.64 and its 200 day simple moving average is $95.48. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.62 and a quick ratio of 0.62. Charles Schwab has a fifty-two week low of $83.96 and a fifty-two week high of $107.50.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.56 by $0.06. The firm had revenue of $7.07 billion during the quarter, compared to the consensus estimate of $6.90 billion. Charles Schwab had a net margin of 38.79% and a return on equity of 24.73%. The business’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 earnings per share. As a group, sell-side analysts anticipate that Charles Schwab will post 6.46 EPS for the current year.

Insiders Place Their Bets

In related news, insider Jonathan S. Beatty sold 2,000 shares of the company’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $104.21, for a total value of $208,420.00. Following the completion of the transaction, the insider directly owned 11,738 shares of the company’s stock, valued at approximately $1,223,216.98. This represents a 14.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Walter W. Bettinger sold 93,408 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $104.64, for a total value of $9,774,213.12. Following the transaction, the chairman owned 529,346 shares of the company’s stock, valued at approximately $55,390,765.44. This trade represents a 15.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 363,848 shares of company stock worth $37,874,706 in the last ninety days. 6.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Charles Schwab

Hedge funds and other institutional investors have recently bought and sold shares of the company. Next Capital Management LLC bought a new stake in Charles Schwab in the 2nd quarter valued at approximately $1,506,000. Trust Asset Management LLC grew its stake in shares of Charles Schwab by 9.5% during the 2nd quarter. Trust Asset Management LLC now owns 18,377 shares of the financial services provider’s stock worth $1,696,000 after acquiring an additional 1,596 shares in the last quarter. Whitener Capital Management Inc. grew its stake in shares of Charles Schwab by 17.0% during the 2nd quarter. Whitener Capital Management Inc. now owns 24,877 shares of the financial services provider’s stock worth $2,295,000 after acquiring an additional 3,608 shares in the last quarter. Tema ETFs LLC grew its stake in shares of Charles Schwab by 10.6% during the 2nd quarter. Tema ETFs LLC now owns 31,695 shares of the financial services provider’s stock worth $2,924,000 after acquiring an additional 3,045 shares in the last quarter. Finally, Lederer & Associates Investment Counsel CA acquired a new stake in shares of Charles Schwab in the second quarter valued at approximately $1,624,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Company Profile

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.