Charles Schwab (SCHW) Rating Reiterated by SunTrust Banks

SunTrust Banks reissued their buy rating on shares of Charles Schwab (NYSE:SCHW) in a research note published on Wednesday. SunTrust Banks also issued estimates for Charles Schwab’s Q1 2018 earnings at $0.57 EPS, Q2 2018 earnings at $0.58 EPS, Q3 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.64 EPS, FY2018 earnings at $2.42 EPS, Q1 2019 earnings at $0.68 EPS, Q3 2019 earnings at $0.74 EPS and FY2019 earnings at $2.87 EPS.

Other equities research analysts also recently issued research reports about the company. Argus upped their price objective on Charles Schwab from $59.00 to $69.00 and gave the company a buy rating in a report on Thursday, January 18th. Credit Suisse Group reiterated a buy rating and issued a $64.00 price objective (up previously from $55.00) on shares of Charles Schwab in a report on Friday, January 12th. Citigroup restated a buy rating and issued a $60.00 price target (up from $52.00) on shares of Charles Schwab in a report on Tuesday, January 9th. BidaskClub downgraded Charles Schwab from a strong-buy rating to a buy rating in a report on Tuesday, October 17th. Finally, Deutsche Bank increased their price target on Charles Schwab from $46.00 to $47.00 and gave the stock a hold rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $53.88.

Shares of Charles Schwab (NYSE:SCHW) opened at $52.17 on Wednesday. The company has a market capitalization of $69,940.00, a PE ratio of 33.02, a P/E/G ratio of 1.29 and a beta of 1.63. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.21. Charles Schwab has a fifty-two week low of $37.16 and a fifty-two week high of $56.25.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.24 billion. Charles Schwab had a return on equity of 16.31% and a net margin of 27.32%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 earnings per share. equities analysts expect that Charles Schwab will post 2.39 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be given a dividend of $0.10 per share. This is a boost from Charles Schwab’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Thursday, February 8th. Charles Schwab’s dividend payout ratio is currently 25.32%.

In other news, insider Marie A. Chandoha sold 56,327 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $45.86, for a total transaction of $2,583,156.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Terri R. Kallsen sold 1,982 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $50.55, for a total value of $100,190.10. Following the transaction, the executive vice president now directly owns 1,706 shares of the company’s stock, valued at $86,238.30. The disclosure for this sale can be found here. Insiders have sold 1,733,394 shares of company stock valued at $89,462,077 over the last ninety days. 12.00% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the company. Bogart Wealth LLC boosted its position in shares of Charles Schwab by 1,100.0% during the fourth quarter. Bogart Wealth LLC now owns 2,040 shares of the financial services provider’s stock worth $105,000 after buying an additional 1,870 shares during the period. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Charles Schwab during the fourth quarter worth about $118,000. Acadian Asset Management LLC acquired a new position in shares of Charles Schwab during the fourth quarter worth about $187,000. Zions Bancorporation boosted its position in Charles Schwab by 1,545.3% during the third quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 3,585 shares during the last quarter. Finally, Fiduciary Trust Co. acquired a new position in Charles Schwab during the fourth quarter valued at approximately $208,000. 79.47% of the stock is owned by institutional investors.

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About Charles Schwab

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

Analyst Recommendations for Charles Schwab (NYSE:SCHW)

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Charles Schwab (SCHW) Rating Reiterated by SunTrust Banks

SunTrust Banks reaffirmed their buy rating on shares of Charles Schwab (NYSE:SCHW) in a report published on Wednesday morning. SunTrust Banks also issued estimates for Charles Schwab’s Q1 2018 earnings at $0.57 EPS, Q2 2018 earnings at $0.58 EPS, Q3 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.64 EPS, FY2018 earnings at $2.42 EPS, Q1 2019 earnings at $0.68 EPS, Q3 2019 earnings at $0.74 EPS and FY2019 earnings at $2.87 EPS.

A number of other analysts have also recently issued reports on the company. Argus boosted their price objective on Charles Schwab from $59.00 to $69.00 and gave the company a buy rating in a research report on Thursday, January 18th. Credit Suisse Group started coverage on Charles Schwab in a research report on Thursday, November 30th. They set an outperform rating and a $55.00 price objective on the stock. Deutsche Bank boosted their price objective on Charles Schwab from $46.00 to $47.00 and gave the company a hold rating in a research report on Wednesday, October 25th. Zacks Investment Research upgraded Charles Schwab from a hold rating to a strong-buy rating and set a $60.00 price objective on the stock in a research report on Friday, January 5th. Finally, Citigroup restated a buy rating and set a $60.00 price objective (up from $52.00) on shares of Charles Schwab in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $53.88.

Shares of Charles Schwab (NYSE:SCHW) opened at $52.17 on Wednesday. The stock has a market capitalization of $69,940.00, a P/E ratio of 33.02, a PEG ratio of 1.29 and a beta of 1.63. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.21. Charles Schwab has a 1 year low of $37.16 and a 1 year high of $56.25.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Charles Schwab had a return on equity of 16.31% and a net margin of 27.32%. Charles Schwab’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 earnings per share. analysts predict that Charles Schwab will post 2.39 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be paid a $0.10 dividend. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, February 8th. This represents a $0.40 annualized dividend and a yield of 0.77%. Charles Schwab’s payout ratio is currently 25.32%.

In other Charles Schwab news, Chairman Charles R. Schwab sold 300,000 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $55.31, for a total value of $16,593,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Marie A. Chandoha sold 56,327 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $45.86, for a total value of $2,583,156.22. The disclosure for this sale can be found here. In the last three months, insiders sold 1,733,394 shares of company stock worth $89,462,077. Insiders own 12.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Atria Investments LLC boosted its stake in Charles Schwab by 11.8% in the fourth quarter. Atria Investments LLC now owns 18,096 shares of the financial services provider’s stock worth $930,000 after purchasing an additional 1,907 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Charles Schwab by 311.7% during the fourth quarter. State of Alaska Department of Revenue now owns 141,615 shares of the financial services provider’s stock worth $7,272,000 after acquiring an additional 107,221 shares during the last quarter. Peregrine Asset Advisers Inc. bought a new stake in shares of Charles Schwab during the fourth quarter worth $5,306,000. CAPROCK Group Inc. raised its position in shares of Charles Schwab by 22.3% during the third quarter. CAPROCK Group Inc. now owns 6,532 shares of the financial services provider’s stock worth $286,000 after acquiring an additional 1,190 shares during the last quarter. Finally, Columbus Circle Investors bought a new stake in shares of Charles Schwab during the third quarter worth $49,394,000. 79.47% of the stock is currently owned by institutional investors.

WARNING: “Charles Schwab (SCHW) Rating Reiterated by SunTrust Banks” was originally posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.thelincolnianonline.com/2018/02/18/charles-schwab-schw-rating-reiterated-by-suntrust-banks.html.

Charles Schwab Company Profile

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

Analyst Recommendations for Charles Schwab (NYSE:SCHW)

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