Charles Schwab (NYSE:SCHW) Rating Cut
Charles Schwab (NYSE:SCHW)’s rating was lowered by equity research analysts at JMP Securities from a Mkt Outperform rating to a Mkt Perform rating in a research report issued to clients on Wednesday morning.
Despite this stock rating downgrade NYSE:SCHW is currently trading 0.25% higher at $43.74 as of 10:06 AM New York time. Charles Schwab shares have [From2] 0% in the past 200 days, while the S&P500 has surged 6.00% in the same time.
According to data compiled by Thomson Reuters, Charles Schwab (NYSE:SCHW)’s stock is covered by 16 equity analysts across the Street, with 1 analysts giving it a Sell rating, 12 a Buy rating, while 7 consider it a Hold. The 12-month consensus target price for the stock is $31.41, which reflects an downside potential of 28.19% over the current price.
Theleme Partners Llp had the biggest stake with ownership of 13.26M shares as of q2 2015 for 30.16% of the stocks portfolio. Allen Operations Llc is another bull as the institutional investor who is owning 561,968 shares of Charles Schwab or 19.04% of their stocks portfolio. Furthermore, Triple Frond Partners Llc have 14.42% of their stocks portfolio invested in the company for 3.21M shares. The New York-based fund Brave Warrior Advisors Llc disclosed it had acquired so far a stake worth about 14% of the institutional investor’s stock portfolio in Charles Schwab. The Florida-based fund Sq Advisors Llc is also positive about the stock, possessing 9.17M shares or 13.87% of their stocks portfolio.
Charles Schwab (NYSE:SCHW) 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.
Charles Schwab (NYSE:SCHW) traded up 0.25% on 3 January, hitting $43.74. A total of 5.35 million shares of the company’s stock traded hands. This is down from average of 6.55 million shares. Charles Schwab has a 52 week low of $30.66 and a 52 week high of $44.35. The company has a market cap of $58.57 billion and a P/E ratio of 29.36.
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