Charles Schwab (NYSE:SCHW) PT Raised to $36.00

Charles Schwab (NYSE:SCHW) had its target price hoisted by Deutsche Bank from $35.00 to $36.00 in a research report issued to clients and investors on Wednesday, AnalystRatings.com reports. The firm currently has a “hold” rating on the financial services provider’s stock. Deutsche Bank’s price target would indicate a potential downside of 13.04% from the company’s current price.

SCHW has been the topic of several other reports. ValuEngine upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Wells Fargo & Co reiterated a “hold” rating on shares of Charles Schwab in a report on Tuesday, October 15th. JPMorgan Chase & Co. dropped their target price on shares of Charles Schwab from $48.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. UBS Group increased their target price on shares of Charles Schwab from $33.00 to $35.00 and gave the stock a “sell” rating in a report on Wednesday, October 16th. Finally, Barclays reiterated a “sell” rating and set a $35.00 target price on shares of Charles Schwab in a report on Tuesday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. Charles Schwab has a consensus rating of “Hold” and a consensus target price of $44.38.

SCHW stock traded up $0.48 during trading on Wednesday, hitting $41.40. The company had a trading volume of 439,498 shares, compared to its average volume of 12,446,770. The firm has a market capitalization of $53.46 billion, a P/E ratio of 16.89, a PEG ratio of 2.60 and a beta of 1.32. Charles Schwab has a 52-week low of $34.58 and a 52-week high of $49.24. The company has a 50 day simple moving average of $39.84 and a 200-day simple moving average of $41.43. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.40.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.05. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.65 billion. Charles Schwab had a net margin of 35.12% and a return on equity of 20.85%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 EPS. Sell-side analysts forecast that Charles Schwab will post 2.7 earnings per share for the current year.

In other Charles Schwab news, Chairman Charles R. Schwab sold 105,422 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $42.03, for a total transaction of $4,430,886.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jonathan M. Craig sold 3,740 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $38.97, for a total transaction of $145,747.80. The disclosure for this sale can be found here. Insiders sold a total of 219,677 shares of company stock valued at $8,993,241 over the last quarter. 10.90% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC grew its stake in Charles Schwab by 133.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 700 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 400 shares during the period. Flagship Harbor Advisors LLC grew its stake in Charles Schwab by 303.0% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 802 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 603 shares during the period. Gradient Investments LLC grew its stake in Charles Schwab by 526.2% in the 3rd quarter. Gradient Investments LLC now owns 814 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 684 shares during the period. Glassman Wealth Services grew its stake in Charles Schwab by 51.0% in the 2nd quarter. Glassman Wealth Services now owns 1,098 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 371 shares during the period. Finally, First PREMIER Bank acquired a new stake in Charles Schwab in the 2nd quarter valued at $49,000. 79.01% of the stock is owned by institutional investors.

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.

Read More: How do buyers and sellers choose a strike price?

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.