Charles Schwab (NYSE:SCHW) PT Set at $45.00 by Sandler O’Neill

Sandler O’Neill set a $45.00 target price on Charles Schwab (NYSE:SCHW) in a research report sent to investors on Tuesday morning, TipRanks reports. The firm currently has a buy rating on the financial services provider’s stock.

Other research analysts have also issued research reports about the company. Argus reiterated a buy rating and set a $52.00 target price (down previously from $57.00) on shares of Charles Schwab in a research report on Wednesday, July 17th. Barclays lowered Charles Schwab from an overweight rating to an underweight rating and decreased their target price for the company from $48.00 to $34.00 in a research report on Wednesday, October 2nd. Wolfe Research upgraded Charles Schwab from a peer perform rating to an outperform rating and increased their target price for the company from $42.00 to $46.00 in a research report on Tuesday, September 3rd. Credit Suisse Group decreased 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. Finally, Keefe, Bruyette & Woods lowered Charles Schwab from an outperform rating to a market perform rating and decreased their target price for the company from $51.00 to $43.50 in a research report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Charles Schwab currently has a consensus rating of Hold and an average price target of $44.15.

Shares of NYSE:SCHW opened at $39.94 on Tuesday. Charles Schwab has a 1 year low of $34.58 and a 1 year high of $49.24. The firm has a market capitalization of $51.57 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 2.51 and a beta of 1.32. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.31 and a quick ratio of 0.31. The business’s 50 day moving average price is $39.66 and its 200-day moving average price is $41.50.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. Charles Schwab had a return on equity of 20.85% and a net margin of 35.12%. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter last year, the firm posted $0.65 EPS. The business’s revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts expect 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 on Thursday, September 5th. The stock was sold at an average price of $40.08, for a total value of $4,225,313.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jonathan M. Craig sold 3,740 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $38.97, for a total value of $145,747.80. 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.

Hedge funds and other institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC raised its holdings 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 during the period. Gradient Investments LLC raised its holdings 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 during the period. Glassman Wealth Services raised its holdings 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 during the period. First PREMIER Bank purchased a new position in shares of Charles Schwab during the 2nd quarter worth $49,000. Finally, Mirova purchased a new position in shares of Charles Schwab during the 2nd quarter worth $53,000. Institutional investors and hedge funds 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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