A number of other analysts have also recently commented on SCHW. UBS Group cut their target price on Charles Schwab from $36.00 to $33.00 and set a sell rating on the stock in a research report on Wednesday, October 2nd. Deutsche Bank cut their target price on Charles Schwab from $37.00 to $34.00 and set a hold rating on the stock in a research report on Wednesday, October 2nd. Credit Suisse Group cut their target price on Charles Schwab from $55.00 to $49.00 and set an outperform rating on the stock in a research report on Tuesday, October 1st. Compass Point set a $45.00 target price on Charles Schwab and gave the stock a hold rating in a research report on Tuesday, July 2nd. Finally, Bank of America cut Charles Schwab from a buy rating to a neutral rating and cut their target price for the stock from $49.00 to $43.00 in a research report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. Charles Schwab currently has an average rating of Hold and an average price target of $44.15.
Shares of SCHW traded up $0.49 during midday trading on Tuesday, reaching $39.94. 7,393,407 shares of the stock were exchanged, compared to its average volume of 12,458,346. The business’s 50-day moving average price is $39.66 and its 200 day moving average price is $41.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.31 and a quick ratio of 0.31. Charles Schwab has a twelve month low of $34.58 and a twelve month high of $49.24. The company has a market capitalization of $51.57 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 2.51 and a beta of 1.32.
In other Charles Schwab news, Director Mark A. Goldfarb bought 2,595 shares of the company’s stock in a transaction on Monday, August 5th. The shares were bought at an average price of $38.68 per share, for a total transaction of $100,374.60. Following the transaction, the director now owns 3,771 shares of the company’s stock, valued at approximately $145,862.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen T. Mclin sold 5,093 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $37.56, for a total value of $191,293.08. Following the transaction, the director now owns 7,297 shares in the company, valued at approximately $274,075.32. The disclosure for this sale can be found here. Insiders sold a total of 219,677 shares of company stock worth $8,993,241 in the last 90 days. 10.90% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SCHW. FNY Investment Advisers LLC boosted its stake in shares of Charles Schwab by 133.3% during the 2nd quarter. FNY Investment Advisers LLC now owns 700 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 400 shares in the last quarter. Gradient Investments LLC boosted its stake in shares of Charles Schwab by 526.2% during the 3rd quarter. Gradient Investments LLC now owns 814 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 684 shares in the last quarter. Glassman Wealth Services boosted its stake in shares of Charles Schwab by 51.0% during the 2nd quarter. Glassman Wealth Services now owns 1,098 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 371 shares in the last quarter. First PREMIER Bank purchased a new stake in shares of Charles Schwab during the 2nd quarter worth approximately $49,000. Finally, Mirova purchased a new stake in shares of Charles Schwab during the 2nd quarter worth approximately $53,000. Institutional investors own 79.07% of the company’s stock.
Charles Schwab Company Profile
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.
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