Charles Schwab (NYSE:SCHW) Stock Rating Upgraded by Credit Suisse Group

Charles Schwab (NYSE:SCHW – Get Rating) was upgraded by analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report released on Wednesday, MarketBeat reports. The brokerage presently has a $67.50 price target on the financial services provider’s stock, down from their previous price target of $81.50. Credit Suisse Group’s price target indicates a potential upside of 16.62% from the company’s current price.

A number of other analysts have also recently commented on SCHW. Morgan Stanley dropped their price target on shares of Charles Schwab from $104.00 to $99.00 and set an “overweight” rating on the stock in a research note on Monday, January 30th. UBS Group increased their target price on shares of Charles Schwab from $90.00 to $97.00 and gave the company a “buy” rating in a report on Monday, January 9th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Charles Schwab from $109.00 to $83.00 and set a “buy” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. initiated coverage on shares of Charles Schwab in a research report on Friday, March 10th. They issued a “buy” rating and a $97.00 target price for the company. Finally, Citigroup raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and lowered their price target for the company from $83.00 to $75.00 in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.04.

Charles Schwab Stock Down 2.8 %

SCHW opened at $57.88 on Wednesday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.77. The stock has a market cap of $103.69 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 0.81 and a beta of 0.93. Charles Schwab has a twelve month low of $45.00 and a twelve month high of $93.16. The company’s 50-day moving average price is $77.04 and its two-hundred day moving average price is $76.68.

Charles Schwab (NYSE:SCHW – Get Rating) last released its earnings results on Wednesday, January 18th. The financial services provider reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.03). The company had revenue of $5.50 billion during the quarter, compared to analysts’ expectations of $5.55 billion. Charles Schwab had a net margin of 34.60% and a return on equity of 24.94%. The firm’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 earnings per share. As a group, equities analysts expect that Charles Schwab will post 4.27 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Mark A. Goldfarb bought 4,000 shares of the company’s stock in a transaction on Thursday, March 16th. The stock was bought at an average cost of $58.37 per share, with a total value of $233,480.00. Following the transaction, the director now directly owns 27,017 shares in the company, valued at approximately $1,576,982.29. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Walter W. Bettinger bought 50,000 shares of the stock in a transaction on Tuesday, March 14th. The shares were bought at an average price of $59.31 per share, with a total value of $2,965,500.00. Following the completion of the acquisition, the chief executive officer now owns 656,501 shares of the company’s stock, valued at $38,937,074.31. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Goldfarb acquired 4,000 shares of Charles Schwab stock in a transaction dated Thursday, March 16th. The stock was bought at an average price of $58.37 per share, for a total transaction of $233,480.00. Following the completion of the transaction, the director now directly owns 27,017 shares of the company’s stock, valued at $1,576,982.29. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 69,000 shares of company stock valued at $4,056,680 and sold 728,106 shares valued at $58,067,403. Corporate insiders own 6.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. West Branch Capital LLC acquired a new stake in shares of Charles Schwab during the third quarter worth approximately $25,000. Phocas Financial Corp. purchased a new position in Charles Schwab in the 4th quarter worth about $25,000. Selway Asset Management purchased a new position in Charles Schwab during the 3rd quarter valued at about $29,000. Worth Asset Management LLC purchased a new position in Charles Schwab during the 1st quarter valued at about $32,000. Finally, Ruedi Wealth Management Inc. bought a new stake in shares of Charles Schwab in the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 73.49% of the company’s stock.

About Charles Schwab

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The Charles Schwab Corp. is a savings and loan holding company, which engages in the provision of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. It operates through the Investor Services and Advisor Services segments. The Investor Services segment includes retail brokerage and banking services to individual investors, and retirement plan services, as well as other corporate brokerage services, to businesses and their employees.