The Charles Schwab Corp. (NYSE:SCHW) had its price objective upped by Credit Agricole SA from $31.00 to $34.00 in a research report issued to clients and investors on Thursday. The firm presently has an “outperform” rating on the stock. Credit Agricole SA’s price target would suggest a potential upside of 9.22% from the stock’s current price.

A number of other research firms also recently issued reports on SCHW. Deutsche Bank AG lifted their price target on The Charles Schwab Corp. from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, September 9th. Zacks Investment Research upgraded The Charles Schwab Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th. Barclays PLC lifted their price target on The Charles Schwab Corp. from $29.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, August 9th. Jefferies Group reiterated a “buy” rating on shares of The Charles Schwab Corp. in a research note on Friday, August 5th. Finally, Citigroup Inc. lifted their price target on The Charles Schwab Corp. from $28.50 to $31.50 and gave the company a “neutral” rating in a research note on Monday, July 25th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $32.51.

Analyst Recommendations for The Charles Schwab Corp. (NYSE:SCHW)

Shares of The Charles Schwab Corp. (NYSE:SCHW) traded up 1.06% during trading on Thursday, hitting $31.46. The stock had a trading volume of 1,896,216 shares. The company’s 50 day moving average price is $30.42 and its 200 day moving average price is $28.62. The company has a market capitalization of $41.62 billion, a price-to-earnings ratio of 27.12 and a beta of 1.52. The Charles Schwab Corp. has a 52 week low of $21.51 and a 52 week high of $34.52.

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The Charles Schwab Corp. (NYSE:SCHW) last issued its earnings results on Monday, July 18th. The company reported $0.30 EPS for the quarter, meeting analysts’ consensus estimates of $0.30. The Charles Schwab Corp. had a return on equity of 13.03% and a net margin of 24.07%. The business earned $1.83 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the company posted $0.25 EPS. The firm’s revenue was up 16.7% compared to the same quarter last year. Analysts predict that The Charles Schwab Corp. will post $1.26 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $0.28 annualized dividend and a dividend yield of 0.90%. The Charles Schwab Corp.’s payout ratio is currently 24.35%.

In other news, EVP Terri R. Kallsen sold 6,894 shares of the company’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $28.01, for a total value of $193,100.94. Following the transaction, the executive vice president now owns 17,822 shares of the company’s stock, valued at $499,194.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Nigel J. Murtagh sold 2,500 shares of the company’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $29.72, for a total transaction of $74,300.00. Following the completion of the transaction, the executive vice president now directly owns 35,137 shares in the company, valued at approximately $1,044,271.64. The disclosure for this sale can be found here. 12.60% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lenox Wealth Management Inc. boosted its position in The Charles Schwab Corp. by 12.1% in the second quarter. Lenox Wealth Management Inc. now owns 4,126 shares of the company’s stock valued at $104,000 after buying an additional 445 shares during the last quarter. Reilly Financial Advisors LLC boosted its position in The Charles Schwab Corp. by 10.4% in the second quarter. Reilly Financial Advisors LLC now owns 4,248 shares of the company’s stock valued at $108,000 after buying an additional 400 shares during the last quarter. Integrated Investment Consultants LLC boosted its position in The Charles Schwab Corp. by 33.9% in the second quarter. Integrated Investment Consultants LLC now owns 4,943 shares of the company’s stock valued at $125,000 after buying an additional 1,252 shares during the last quarter. Balentine LLC boosted its position in The Charles Schwab Corp. by 6.3% in the second quarter. Balentine LLC now owns 7,311 shares of the company’s stock valued at $185,000 after buying an additional 436 shares during the last quarter. Finally, Feltz Wealth PLAN Inc. purchased a new position in The Charles Schwab Corp. during the second quarter valued at $203,000. 76.45% of the stock is currently owned by hedge funds and other institutional investors.

The Charles Schwab Corp. Company Profile

The Charles Schwab Corporation 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.

5 Day Chart for NYSE:SCHW

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