Charles Schwab (NYSE:SCHW) Coverage Initiated at The Goldman Sachs Group

Analysts at The Goldman Sachs Group began coverage on shares of Charles Schwab (NYSE:SCHWGet Rating) in a research note issued on Tuesday, FinViz reports. The firm set a “neutral” rating and a $75.00 price target on the financial services provider’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 9.36% from the stock’s current price.

Other research analysts have also recently issued reports about the company. UBS Group cut their price target on Charles Schwab from $80.00 to $72.00 in a report on Sunday. StockNews.com started coverage on Charles Schwab in a research note on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research downgraded shares of Charles Schwab from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a research note on Monday, February 21st. Piper Sandler dropped their price target on Charles Schwab from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, April 22nd. Finally, Citigroup boosted their price target on Charles Schwab from $87.50 to $90.00 and gave the company a “buy” rating in a report on Friday, April 22nd. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $94.25.

SCHW opened at $68.58 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.41 and a current ratio of 0.41. The business has a 50 day moving average price of $82.34 and a 200 day moving average price of $84.01. The firm has a market cap of $124.54 billion, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 0.75 and a beta of 1.00. Charles Schwab has a twelve month low of $65.73 and a twelve month high of $96.24.

Charles Schwab (NYSE:SCHWGet Rating) last released its earnings results on Monday, April 18th. The financial services provider reported $0.77 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.07). Charles Schwab had a net margin of 31.24% and a return on equity of 13.67%. The company had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the previous year, the business posted $0.84 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. As a group, analysts anticipate that Charles Schwab will post 4.07 earnings per share for the current fiscal year.

In other news, EVP Peter J. Morgan III sold 2,239 shares of the stock in a transaction that occurred on Monday, January 31st. The stock was sold at an average price of $87.14, for a total transaction of $195,106.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles R. Schwab sold 1,420 shares of Charles Schwab stock in a transaction on Tuesday, February 1st. The shares were sold at an average price of $89.43, for a total transaction of $126,990.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 574,625 shares of company stock valued at $51,649,366. 7.50% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the business. Salvus Wealth Management LLC grew its holdings in shares of Charles Schwab by 0.3% in the fourth quarter. Salvus Wealth Management LLC now owns 36,410 shares of the financial services provider’s stock worth $3,062,000 after acquiring an additional 110 shares during the period. Albion Financial Group UT raised its position in Charles Schwab by 1.6% in the fourth quarter. Albion Financial Group UT now owns 7,932 shares of the financial services provider’s stock worth $667,000 after acquiring an additional 122 shares during the period. Hexagon Capital Partners LLC boosted its stake in shares of Charles Schwab by 18.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 810 shares of the financial services provider’s stock worth $68,000 after acquiring an additional 124 shares during the last quarter. Glassman Wealth Services increased its position in Charles Schwab by 6.5% in the third quarter. Glassman Wealth Services now owns 2,047 shares of the financial services provider’s stock worth $149,000 after buying an additional 125 shares in the last quarter. Finally, Crawford Investment Counsel Inc. grew its stake in shares of Charles Schwab by 3.7% during the 3rd quarter. Crawford Investment Counsel Inc. now owns 3,524 shares of the financial services provider’s stock valued at $257,000 after acquiring an additional 125 shares during the period. 71.58% of the stock is owned by institutional investors and hedge funds.

About Charles Schwab (Get Rating)

The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, 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 and mutual fund clearing services, as well as compliance solutions.

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Analyst Recommendations for Charles Schwab (NYSE:SCHW)

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