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

Charles Schwab (NYSE:SCHW) was upgraded by analysts at UBS Group to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Several other analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Cowen reiterated a “buy” rating on shares of Charles Schwab in a report on Friday, October 17th. Barclays reduced their price target on Charles Schwab from $115.00 to $111.00 and set an “overweight” rating on the stock in a research note on Friday. JPMorgan Chase & Co. lifted their price objective on Charles Schwab from $119.00 to $121.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, BMO Capital Markets began coverage on Charles Schwab in a research report on Friday, October 3rd. They set an “outperform” rating and a $110.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $108.37.

Charles Schwab Trading Down 0.4%

SCHW opened at $96.63 on Thursday. Charles Schwab has a fifty-two week low of $65.88 and a fifty-two week high of $99.59. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market capitalization of $171.71 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 0.81 and a beta of 0.96. The company’s 50 day moving average price is $93.86 and its two-hundred day moving average price is $93.40.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Thursday, October 16th. The financial services provider reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.06. Charles Schwab had a net margin of 35.93% and a return on equity of 21.02%. The business had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $5.93 billion. During the same period in the prior year, the company earned $0.71 earnings per share. The business’s revenue was up 26.6% compared to the same quarter last year. As a group, research analysts predict that Charles Schwab will post 4.22 earnings per share for the current year.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,205 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $93.33, for a total value of $299,122.65. Following the transaction, the insider directly owned 34,778 shares of the company’s stock, valued at $3,245,830.74. This trade represents a 8.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 3,072 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $98.00, for a total value of $301,056.00. Following the completion of the sale, the insider directly owned 11,923 shares of the company’s stock, valued at $1,168,454. The trade was a 20.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Princeton Global Asset Management LLC acquired a new position in Charles Schwab during the 2nd quarter valued at about $25,000. RMG Wealth Management LLC bought a new stake in shares of Charles Schwab during the second quarter valued at approximately $27,000. West Branch Capital LLC acquired a new position in shares of Charles Schwab during the third quarter worth approximately $27,000. CBIZ Investment Advisory Services LLC grew its holdings in Charles Schwab by 97.9% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider’s stock worth $30,000 after buying an additional 191 shares in the last quarter. Finally, Activest Wealth Management increased its position in Charles Schwab by 6,650.0% in the 1st quarter. Activest Wealth Management now owns 405 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 399 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

About Charles Schwab

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.