The Charles Schwab Corporation (NYSE:SCHW) has been assigned an average rating of “Buy” from the twenty brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $45.53.

A number of equities analysts have recently commented on the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $48.00 price target on shares of The Charles Schwab Corporation in a report on Wednesday, May 31st. BidaskClub raised The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Morgan Stanley reaffirmed an “overweight” rating and issued a $48.00 price target (up from $45.00) on shares of The Charles Schwab Corporation in a report on Monday, July 10th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $44.00 price target (up from $42.00) on shares of The Charles Schwab Corporation in a report on Monday, June 12th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $45.00 price target (up from $44.00) on shares of The Charles Schwab Corporation in a report on Monday, May 15th.

The Charles Schwab Corporation (NYSE:SCHW) traded up 1.50% during mid-day trading on Friday, hitting $38.68. The stock had a trading volume of 6,466,377 shares. The firm’s 50-day moving average is $40.91 and its 200 day moving average is $40.86. The company has a market cap of $51.80 billion, a price-to-earnings ratio of 25.96 and a beta of 1.64. The Charles Schwab Corporation has a 12 month low of $29.86 and a 12 month high of $44.10.

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

The company also recently declared a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were given a dividend of $0.08 per share. The ex-dividend date was Wednesday, August 9th. This represents a $0.32 dividend on an annualized basis and a yield of 0.83%. The Charles Schwab Corporation’s payout ratio is 21.48%.

In other The Charles Schwab Corporation news, EVP Terri R. Kallsen sold 10,536 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $43.15, for a total transaction of $454,628.40. Following the sale, the executive vice president now owns 5,212 shares in the company, valued at $224,897.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marie A. Chandoha sold 9,705 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $43.17, for a total value of $418,964.85. The disclosure for this sale can be found here. Insiders have sold 925,122 shares of company stock worth $39,733,977 in the last 90 days. Company insiders own 12.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SCHW. WealthTrust Arizona LLC raised its position in The Charles Schwab Corporation by 1.2% during the second quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 29 shares in the last quarter. YorkBridge Wealth Partners LLC raised its position in The Charles Schwab Corporation by 9.6% during the first quarter. YorkBridge Wealth Partners LLC now owns 3,267 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 287 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in The Charles Schwab Corporation during the second quarter valued at about $145,000. FTB Advisors Inc. raised its position in The Charles Schwab Corporation by 365.8% during the first quarter. FTB Advisors Inc. now owns 3,852 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 3,025 shares in the last quarter. Finally, Founders Capital Management purchased a new stake in The Charles Schwab Corporation during the first quarter valued at about $159,000. Institutional investors and hedge funds own 79.60% of the company’s stock.

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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)

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