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

Several other equities analysts have also commented on SCHW. Citigroup Inc. began coverage on shares of The Charles Schwab Corporation in a research report on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price objective for the company. Rosenblatt Securities began coverage on shares of The Charles Schwab Corporation in a research report on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price objective for the company. Barclays PLC began coverage on shares of The Charles Schwab Corporation in a research report on Friday, September 8th. They issued an “overweight” rating and a $48.00 price objective for the company. Deutsche Bank AG lowered shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating and increased their price objective for the company from $40.00 to $43.00 in a research report on Tuesday, July 11th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and issued a $44.00 price objective (up from $42.00) on shares of The Charles Schwab Corporation in a research report on Monday, June 12th. 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 company. The stock presently has an average rating of “Buy” and a consensus target price of $44.72.

The Charles Schwab Corporation (NYSE SCHW) traded up 0.55% on Friday, hitting $40.21. 14,222,833 shares of the stock traded hands. The firm has a 50-day moving average price of $40.53 and a 200-day moving average price of $40.80. The company has a market capitalization of $53.85 billion, a PE ratio of 26.99 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 announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The Charles Schwab Corporation’s revenue was up 16.5% on a year-over-year basis. During the same period last year, the firm posted $0.30 EPS. Analysts forecast that The Charles Schwab Corporation will post $1.61 earnings per share for the current year.

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In related news, EVP Terri R. Kallsen sold 1,000 shares of The Charles Schwab Corporation stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $38.99, for a total value of $38,990.00. Following the sale, the executive vice president now owns 5,212 shares of the company’s stock, valued at approximately $203,215.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Charles R. Schwab sold 290,000 shares of The Charles Schwab Corporation stock in a transaction on Friday, August 4th. The shares were sold at an average price of $43.27, for a total transaction of $12,548,300.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 925,122 shares of company stock valued at $39,733,977. Insiders own 12.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. WealthTrust Arizona LLC grew its stake in The Charles Schwab Corporation by 1.2% in the 2nd quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 29 shares during the period. YorkBridge Wealth Partners LLC grew its stake in The Charles Schwab Corporation by 9.6% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 3,267 shares of the financial services provider’s stock valued at $131,000 after acquiring an additional 287 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in The Charles Schwab Corporation in the 2nd quarter valued at $145,000. FTB Advisors Inc. grew its stake in The Charles Schwab Corporation by 365.8% in the 1st quarter. FTB Advisors Inc. now owns 3,852 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 3,025 shares during the period. Finally, Founders Capital Management acquired a new stake in The Charles Schwab Corporation in the 1st quarter valued at $159,000. 79.60% of the stock is currently owned by hedge funds and other 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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