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

StockNews.com upgraded shares of Charles Schwab (NYSE:SCHWFree Report) from a sell rating to a hold rating in a research note released on Friday.

A number of other brokerages also recently weighed in on SCHW. Redburn Atlantic initiated coverage on shares of Charles Schwab in a research note on Friday, December 1st. They issued a sell rating and a $52.00 target price for the company. JMP Securities restated a market outperform rating and set a $77.00 price objective on shares of Charles Schwab in a report on Thursday, January 18th. UBS Group upped their price target on shares of Charles Schwab from $72.00 to $82.00 and gave the company a buy rating in a report on Friday, December 15th. Raymond James reduced their target price on shares of Charles Schwab from $78.00 to $75.00 and set an outperform rating for the company in a report on Thursday, January 18th. Finally, TD Cowen began coverage on shares of Charles Schwab in a report on Thursday, January 4th. They set a market perform rating and a $77.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $70.06.

Get Our Latest Report on SCHW

Charles Schwab Stock Performance

Shares of SCHW opened at $67.04 on Friday. The company has a market capitalization of $118.89 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 1.31 and a beta of 1.00. Charles Schwab has a one year low of $45.65 and a one year high of $71.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The company’s fifty day moving average price is $64.81 and its 200 day moving average price is $60.65.

Charles Schwab (NYSE:SCHWGet Free Report) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.04. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The company had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.49 billion. During the same period last year, the business posted $1.07 EPS. The business’s quarterly revenue was down 18.9% on a year-over-year basis. As a group, analysts expect that Charles Schwab will post 3.34 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s dividend payout ratio (DPR) is currently 39.37%.

Insider Buying and Selling at Charles Schwab

In other news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $64.49, for a total value of $257,960.00. Following the completion of the transaction, the chief financial officer now owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Chairman Charles R. Schwab sold 16,390 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $63.94, for a total transaction of $1,047,976.60. Following the sale, the chairman now directly owns 61,331,688 shares in the company, valued at approximately $3,921,548,130.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Peter B. Crawford sold 4,000 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $64.49, for a total value of $257,960.00. Following the sale, the chief financial officer now owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 202,607 shares of company stock valued at $13,214,499. 6.60% of the stock is currently owned by company insiders.

Institutional Trading of Charles Schwab

Several institutional investors have recently made changes to their positions in SCHW. Hennessy Advisors Inc. boosted its holdings in shares of Charles Schwab by 55.6% in the 4th quarter. Hennessy Advisors Inc. now owns 14,000 shares of the financial services provider’s stock worth $963,000 after purchasing an additional 5,000 shares during the period. MONECO Advisors LLC bought a new stake in Charles Schwab during the 4th quarter valued at $228,000. Sivia Capital Partners LLC purchased a new position in shares of Charles Schwab in the 4th quarter valued at $239,000. Rovin Capital UT ADV increased its holdings in shares of Charles Schwab by 107.9% in the 4th quarter. Rovin Capital UT ADV now owns 10,739 shares of the financial services provider’s stock valued at $739,000 after acquiring an additional 5,574 shares during the period. Finally, Spartan Planning & Wealth Management grew its stake in Charles Schwab by 33,540.0% during the 4th quarter. Spartan Planning & Wealth Management now owns 1,682 shares of the financial services provider’s stock worth $116,000 after buying an additional 1,677 shares during the last quarter. Hedge funds and other institutional investors own 81.61% of the company’s stock.

About Charles Schwab

(Get Free Report)

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.

See Also

Analyst Recommendations for Charles Schwab (NYSE:SCHW)

Receive News & Ratings for Charles Schwab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charles Schwab and related companies with MarketBeat.com's FREE daily email newsletter.