The Charles Schwab Corporation (NYSE:SCHW)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Group LLC in a research report issued on Friday. They presently have a $49.00 price objective on the financial services provider’s stock. Jefferies Group LLC’s target price indicates a potential upside of 21.86% from the stock’s previous close.

A number of other brokerages have also recently issued reports on SCHW. Deutsche Bank AG cut The Charles Schwab Corporation from a “buy” rating to a “hold” rating and upped their price objective for the stock from $40.00 to $43.00 in a research note on Tuesday, July 11th. Morgan Stanley reiterated an “overweight” rating and set a $48.00 price objective (up previously from $45.00) on shares of The Charles Schwab Corporation in a research note on Monday, July 10th. Rosenblatt Securities assumed coverage on The Charles Schwab Corporation in a research note on Thursday, July 13th. They set a “neutral” rating and a $46.00 price objective on the stock. Citigroup Inc. assumed coverage on The Charles Schwab Corporation in a research note on Thursday, July 13th. They set a “neutral” rating and a $46.00 price objective on the stock. Finally, BidaskClub cut The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $44.78.

Shares of The Charles Schwab Corporation (SCHW) traded up 0.55% during trading on Friday, reaching $40.21. The company’s stock had a trading volume of 14,222,833 shares. The stock’s 50 day moving average price is $40.53 and its 200 day moving average price is $40.80. The company has a market cap of $53.85 billion, a PE ratio of 26.99 and a beta of 1.64. The Charles Schwab Corporation has a 52 week low of $29.86 and a 52 week high of $44.10.

The Charles Schwab Corporation (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the business posted $0.30 EPS. The business’s revenue was up 16.5% compared to the same quarter last year. Equities research analysts predict that The Charles Schwab Corporation will post $1.61 EPS for the current year.

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In other news, Chairman Charles R. Schwab sold 26,000 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $42.80, for a total transaction of $1,112,800.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 290,000 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $43.27, for a total value of $12,548,300.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 925,122 shares of company stock worth $39,733,977. Insiders own 12.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. West Coast Financial LLC grew its holdings in shares of The Charles Schwab Corporation by 1.5% during the 2nd quarter. West Coast Financial LLC now owns 92,571 shares of the financial services provider’s stock worth $2,343,000 after purchasing an additional 1,405 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in The Charles Schwab Corporation by 6.5% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,105,300 shares of the financial services provider’s stock valued at $36,398,000 after buying an additional 67,300 shares in the last quarter. Progressive Investment Management Corp boosted its stake in The Charles Schwab Corporation by 0.3% in the third quarter. Progressive Investment Management Corp now owns 92,542 shares of the financial services provider’s stock valued at $2,922,000 after buying an additional 312 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in The Charles Schwab Corporation by 2.1% in the third quarter. Great West Life Assurance Co. Can now owns 857,962 shares of the financial services provider’s stock valued at $27,065,000 after buying an additional 17,693 shares in the last quarter. Finally, Stanley Capital Management boosted its stake in The Charles Schwab Corporation by 10.5% in the third quarter. Stanley Capital Management now owns 119,077 shares of the financial services provider’s stock valued at $3,401,000 after buying an additional 11,335 shares in the last quarter. 79.60% of the stock is currently owned by institutional investors.

The Charles Schwab Corporation Company Profile

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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