Charles Schwab Corp PT Raised to $31.00 (SCHW)
Sandler O’Neill raised their price objective on shares of Charles Schwab Corp (NASDAQ:SCHW) from $1.00 to $31.00 in a research note issued on Monday. Sandler O’Neill’s price objective points to a potential upside of 11.07% from the company’s current price.
In other Charles Schwab Corp news, major shareholder Charles R. Schwab sold 720,000 shares of the stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $27.63, for a total transaction of $19,893,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Charles Schwab Corp (NASDAQ:SCHW) traded up 1.49% on Monday, hitting $27.91. The stock had a trading volume of 4,769,877 shares. Charles Schwab Corp has a 52 week low of $20.44 and a 52 week high of $29.13. The stock has a 50-day moving average of $27.07 and a 200-day moving average of $26.3. The company has a market cap of $36.315 billion and a P/E ratio of 29.76.
Charles Schwab Corp (NASDAQ:SCHW) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.23. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Analysts expect that Charles Schwab Corp will post $0.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 22nd. Stockholders of record on Friday, August 8th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Wednesday, August 6th.
A number of other analysts have also recently weighed in on SCHW. Analysts at Zacks reiterated a “neutral” rating on shares of Charles Schwab Corp in a research note on Thursday, July 17th. They now have a $29.00 price target on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Charles Schwab Corp in a research note on Monday, July 14th. They set a “buy” rating and a $35.00 price target on the stock. Finally, analysts at Raymond James upgraded shares of Charles Schwab Corp from an “underperform” rating to a “market perform” rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $29.50.
The Charles Schwab Corporation (NASDAQ:SCHW) is a savings and loan holding company.
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