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

A number of other equities research analysts also recently weighed in on SCHW. Deutsche Bank AG boosted their price target on The Charles Schwab Corp. from $33.00 to $35.00 and gave the company a “buy” rating in a report on Friday, May 27th. Zacks Investment Research downgraded The Charles Schwab Corp. from a “hold” rating to a “sell” rating in a report on Monday, June 27th. Barclays PLC lowered their price target on The Charles Schwab Corp. from $33.00 to $29.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. Jefferies Group lowered their price target on The Charles Schwab Corp. from $36.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, July 7th. Finally, Nomura lowered their price target on The Charles Schwab Corp. from $33.00 to $31.00 and set a “buy” rating for the company in a report on Monday, July 11th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $32.51.

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

Shares of The Charles Schwab Corp. (NYSE:SCHW) traded up 1.48% on Thursday, hitting $31.59. The stock had a trading volume of 2,375,750 shares. The firm has a market cap of $41.79 billion, a P/E ratio of 27.23 and a beta of 1.52. The company’s 50-day moving average price is $30.42 and its 200 day moving average price is $28.62. The Charles Schwab Corp. has a 12-month low of $21.51 and a 12-month high of $34.52.

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The Charles Schwab Corp. (NYSE:SCHW) last issued its quarterly earnings results on Monday, July 18th. The company reported $0.30 earnings per share for the quarter, meeting the Zacks’ consensus estimate 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 the consensus estimate of $1.80 billion. During the same period in the previous year, the business earned $0.25 EPS. The business’s quarterly revenue was up 16.7% on a year-over-year basis. On average, equities research analysts forecast that The Charles Schwab Corp. will post $1.26 earnings per share for the current fiscal year.

The company also recently disclosed 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 dividend payout ratio (DPR) is 24.35%.

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

Large investors have recently made changes to their positions in the company. Cypress Wealth Advisors LLC raised its stake in shares of The Charles Schwab Corp. by 0.4% in the first quarter. Cypress Wealth Advisors LLC now owns 18,183 shares of the company’s stock worth $509,000 after buying an additional 64 shares during the period. Rathbone Brothers plc raised its stake in shares of The Charles Schwab Corp. by 0.4% in the second quarter. Rathbone Brothers plc now owns 15,823 shares of the company’s stock worth $400,000 after buying an additional 68 shares during the period. LS Investment Advisors LLC raised its stake in shares of The Charles Schwab Corp. by 0.4% in the second quarter. LS Investment Advisors LLC now owns 24,097 shares of the company’s stock worth $610,000 after buying an additional 107 shares during the period. Checchi Capital Advisers LLC raised its stake in shares of The Charles Schwab Corp. by 1.7% in the second quarter. Checchi Capital Advisers LLC now owns 8,857 shares of the company’s stock worth $224,000 after buying an additional 146 shares during the period. Finally, Advisor Partners LLC raised its stake in shares of The Charles Schwab Corp. by 2.0% in the second quarter. Advisor Partners LLC now owns 11,643 shares of the company’s stock worth $295,000 after buying an additional 223 shares during the period. 76.45% of the stock is currently owned by 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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