The Charles Schwab Corporation (NYSE:SCHW) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Friday.

Other equities research analysts have also recently issued reports about the company. William Blair reiterated an “outperform” rating on shares of The Charles Schwab Corporation in a research note on Friday, June 16th. Deutsche Bank AG lowered their target price on The Charles Schwab Corporation from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, July 4th. Citigroup Inc. assumed coverage on The Charles Schwab Corporation in a research note on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price objective on the stock. Rosenblatt Securities assumed coverage on The Charles Schwab Corporation in a research note on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price objective on the stock. Finally, Nomura cut The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. The Charles Schwab Corporation currently has an average rating of “Buy” and a consensus target price of $44.72.

The Charles Schwab Corporation (SCHW) traded up 1.63% during mid-day trading on Friday, reaching $38.73. 954,768 shares of the company’s stock traded hands. The Charles Schwab Corporation has a 12 month low of $29.86 and a 12 month high of $44.10. The company has a 50 day moving average price of $41.01 and a 200-day moving average price of $40.87. The stock has a market cap of $51.86 billion, a P/E ratio of 25.99 and a beta of 1.64.

The Charles Schwab Corporation (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the firm posted $0.30 EPS. The Charles Schwab Corporation’s revenue was up 16.5% compared to the same quarter last year. On average, analysts anticipate that The Charles Schwab Corporation will post $1.61 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “The Charles Schwab Corporation (SCHW) Rating Lowered to Strong Sell at BidaskClub” was posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another publication, it was stolen and republished in violation of United States & international copyright and trademark laws. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/09/08/the-charles-schwab-corporation-schw-rating-lowered-to-strong-sell-at-bidaskclub.html.

In other The Charles Schwab Corporation news, insider Marie A. Chandoha sold 9,705 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $43.17, for a total value of $418,964.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Terri R. Kallsen sold 1,000 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $38.99, for a total value of $38,990.00. Following the completion of the transaction, the executive vice president now owns 5,212 shares of the company’s stock, valued at approximately $203,215.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 925,122 shares of company stock valued at $39,733,977. 12.00% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the business. WealthTrust Arizona LLC boosted its position in The Charles Schwab Corporation by 1.2% in the second quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 29 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its position in The Charles Schwab Corporation by 9.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,267 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 287 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new position in The Charles Schwab Corporation in the second quarter worth about $145,000. FTB Advisors Inc. boosted its position in The Charles Schwab Corporation by 365.8% in the first quarter. FTB Advisors Inc. now owns 3,852 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 3,025 shares during the last quarter. Finally, Founders Capital Management purchased a new position in The Charles Schwab Corporation in the first quarter worth about $159,000. 79.60% of the stock is currently owned by institutional investors and hedge funds.

About The Charles Schwab Corporation

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.

Analyst Recommendations for The Charles Schwab Corporation (NYSE:SCHW)

Receive News & Ratings for The Charles Schwab Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Charles Schwab Corporation and related companies with MarketBeat.com's FREE daily email newsletter.