Charles Schwab (NYSE:SCHW) had its price target upped by Morgan Stanley from $65.00 to $66.00 in a research report released on Tuesday morning. Morgan Stanley currently has a buy rating on the financial services provider’s stock.

A number of other analysts have also issued reports on the stock. Jefferies Financial Group restated a buy rating and issued a $66.00 price target on shares of Charles Schwab in a research note on Monday, July 16th. Zacks Investment Research upgraded shares of Charles Schwab from a hold rating to a buy rating and set a $55.00 price target for the company in a research note on Wednesday, October 3rd. ValuEngine lowered shares of Charles Schwab from a buy rating to a hold rating in a research note on Wednesday, June 27th. Wolfe Research initiated coverage on shares of Charles Schwab in a research note on Tuesday, September 25th. They issued an underperform rating for the company. Finally, JPMorgan Chase & Co. set a $59.00 price target on shares of Charles Schwab and gave the stock a buy rating in a research note on Monday, July 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. Charles Schwab presently has an average rating of Hold and an average price target of $58.77.

SCHW opened at $49.01 on Tuesday. The company has a market cap of $66.40 billion, a PE ratio of 29.88, a PEG ratio of 1.23 and a beta of 1.55. Charles Schwab has a 52-week low of $42.20 and a 52-week high of $60.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.27 and a current ratio of 0.27.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, July 17th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.46 billion. Charles Schwab had a net margin of 30.83% and a return on equity of 17.96%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. Equities research analysts predict that Charles Schwab will post 2.43 EPS for the current fiscal year.

In other Charles Schwab news, Director Christopher V. Dodds sold 15,718 shares of Charles Schwab stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $51.14, for a total value of $803,818.52. Following the completion of the transaction, the director now owns 7,592 shares of the company’s stock, valued at $388,254.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Charles R. Schwab sold 190,500 shares of Charles Schwab stock in a transaction on Tuesday, July 24th. The stock was sold at an average price of $52.75, for a total transaction of $10,048,875.00. The disclosure for this sale can be found here. Insiders own 11.50% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in SCHW. FMR LLC boosted its holdings in Charles Schwab by 13.7% in the second quarter. FMR LLC now owns 65,193,384 shares of the financial services provider’s stock worth $3,331,382,000 after purchasing an additional 7,868,551 shares during the period. Nomura Holdings Inc. boosted its holdings in Charles Schwab by 365.3% in the second quarter. Nomura Holdings Inc. now owns 1,674,691 shares of the financial services provider’s stock worth $85,576,000 after purchasing an additional 1,314,740 shares during the period. Manning & Napier Group LLC boosted its holdings in Charles Schwab by 44.7% in the second quarter. Manning & Napier Group LLC now owns 3,101,140 shares of the financial services provider’s stock worth $158,468,000 after purchasing an additional 957,925 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Charles Schwab by 15.7% during the second quarter. Wells Fargo & Company MN now owns 6,172,018 shares of the financial services provider’s stock valued at $315,390,000 after acquiring an additional 838,506 shares during the period. Finally, Congress Asset Management Co. MA boosted its holdings in shares of Charles Schwab by 417.1% during the second quarter. Congress Asset Management Co. MA now owns 1,010,376 shares of the financial services provider’s stock valued at $51,630,000 after acquiring an additional 814,965 shares during the period. 80.30% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: Return on Investment (ROI) Defined, Explained

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.