Charles Schwab (NYSE:SCHW) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Charles Schwab (NYSE:SCHW) from a sell rating to a hold rating in a research note published on Wednesday morning.

Several other equities analysts also recently commented on the company. The Goldman Sachs Group upped their price objective on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday. Barclays upped their price target on Charles Schwab from $64.00 to $74.00 and gave the company an “equal weight” rating in a research report on Wednesday. UBS Group decreased their price objective on Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Cowen upped their price objective on shares of Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Finally, JMP Securities lifted their target price on shares of Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $73.59.

Charles Schwab Trading Down 0.8 %

Shares of Charles Schwab stock opened at $71.36 on Wednesday. The firm has a market cap of $126.91 billion, a PE ratio of 29.61, a P/E/G ratio of 1.47 and a beta of 0.97. Charles Schwab has a 1 year low of $48.66 and a 1 year high of $79.49. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a fifty day moving average price of $64.97 and a 200-day moving average price of $69.51.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 earnings per share. Equities research analysts anticipate that Charles Schwab will post 3.06 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s dividend payout ratio is currently 41.49%.

Insider Transactions at Charles Schwab

In related news, insider Paul V. Woolway sold 1,150 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $65.20, for a total transaction of $74,980.00. Following the transaction, the insider now owns 61,887 shares of the company’s stock, valued at approximately $4,035,032.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Charles Schwab news, insider Paul V. Woolway sold 1,150 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $65.20, for a total transaction of $74,980.00. Following the completion of the sale, the insider now directly owns 61,887 shares in the company, valued at $4,035,032.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 67,386 shares of Charles Schwab stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total value of $4,387,502.46. Following the completion of the transaction, the chairman now owns 60,619,371 shares in the company, valued at approximately $3,946,927,245.81. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 182,001 shares of company stock worth $12,512,592. 6.60% of the stock is currently owned by insiders.

Institutional Trading of Charles Schwab

A number of institutional investors have recently made changes to their positions in the stock. Trust Co. of Toledo NA OH purchased a new stake in Charles Schwab during the 1st quarter valued at $237,000. Massmutual Trust Co. FSB ADV increased its position in shares of Charles Schwab by 18.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 4,621 shares of the financial services provider’s stock valued at $334,000 after acquiring an additional 716 shares during the period. Collective Family Office LLC raised its stake in shares of Charles Schwab by 29.3% during the first quarter. Collective Family Office LLC now owns 4,069 shares of the financial services provider’s stock valued at $294,000 after acquiring an additional 923 shares during the last quarter. Fulton Bank N.A. boosted its holdings in shares of Charles Schwab by 10.4% during the first quarter. Fulton Bank N.A. now owns 8,933 shares of the financial services provider’s stock worth $646,000 after purchasing an additional 845 shares during the period. Finally, Wedmont Private Capital increased its holdings in Charles Schwab by 12.2% during the 1st quarter. Wedmont Private Capital now owns 13,130 shares of the financial services provider’s stock valued at $949,000 after purchasing an additional 1,430 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Company Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.