Bank of America lowered shares of Charles Schwab (NYSE:SCHW) from a buy rating to a neutral rating in a report released on Friday morning, BenzingaRatingsTable reports. The firm currently has $43.00 price objective on the financial services provider’s stock, down from their prior price objective of $49.00.

Several other brokerages also recently issued reports on SCHW. Deutsche Bank reiterated a buy rating and issued a GBX 4,000 ($52.27) price target on shares of in a report on Tuesday, June 18th. Wells Fargo & Co reiterated a hold rating on shares of AON in a report on Friday, April 5th. Citigroup downgraded Apergy from a buy rating to a neutral rating and lowered their price target for the company from $41.00 to $34.00 in a report on Tuesday, July 9th. Keefe, Bruyette & Woods upgraded Focus Financial Partners from a market perform rating to an outperform rating and increased their price target for the company from $35.00 to $35.50 in a report on Friday. Finally, Compass Point set a $52.00 price target on E*TRADE Financial and gave the company a buy rating in a report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $48.53.

SCHW stock opened at $40.13 on Friday. The firm has a market cap of $53.57 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 1.88 and a beta of 1.23. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.36. The business’s fifty day moving average price is $41.43. Charles Schwab has a 52 week low of $37.83 and a 52 week high of $54.26.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. The business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.67 billion. Charles Schwab had a return on equity of 20.47% and a net margin of 35.27%. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 EPS. As a group, equities analysts forecast that Charles Schwab will post 2.69 earnings per share for the current year.

In other Charles Schwab news, Director Stephen T. Mclin sold 4,356 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $43.85, for a total transaction of $191,010.60. Following the sale, the director now directly owns 7,592 shares of the company’s stock, valued at $332,909.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 56,280 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $46.27, for a total transaction of $2,604,075.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 837,836 shares of company stock worth $38,242,686. Company insiders own 10.90% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Quantamental Technologies LLC acquired a new stake in shares of Charles Schwab during the 1st quarter worth $32,000. Berman Capital Advisors LLC lifted its position in shares of Charles Schwab by 260.7% during the first quarter. Berman Capital Advisors LLC now owns 1,046 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 756 shares during the last quarter. Clearbridge LLC lifted its position in shares of Charles Schwab by 75.1% during the fourth quarter. Clearbridge LLC now owns 1,096 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 470 shares during the last quarter. Spectrum Management Group Inc. raised its stake in Charles Schwab by 44.5% during the first quarter. Spectrum Management Group Inc. now owns 1,071 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 330 shares during the period. Finally, Liberty Wealth Management LLC acquired a new stake in Charles Schwab during the fourth quarter worth about $49,000. Institutional investors own 78.92% of the company’s stock.

About Charles Schwab

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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Analyst Recommendations for Charles Schwab (NYSE:SCHW)

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