The Charles Schwab Corporation (NYSE:SCHW)‘s stock had its “buy” rating reiterated by equities researchers at Keefe, Bruyette & Woods in a research note issued to investors on Friday. They currently have a $47.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 16.89% from the company’s current price.

A number of other equities analysts have also recently issued reports on SCHW. BidaskClub cut The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Jefferies Group LLC restated a “buy” rating and set a $49.00 price objective on shares of The Charles Schwab Corporation in a report on Friday. Citigroup Inc. assumed coverage on The Charles Schwab Corporation in a report on Thursday, July 13th. They set a “neutral” rating and a $46.00 price objective for the company. Rosenblatt Securities assumed coverage on The Charles Schwab Corporation in a report on Thursday, July 13th. They set a “neutral” rating and a $46.00 price objective for the company. Finally, Deutsche Bank AG cut The Charles Schwab Corporation from a “buy” rating to a “hold” rating and boosted their price objective for the company from $40.00 to $43.00 in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $44.83.

The Charles Schwab Corporation (NYSE SCHW) traded up 0.55% during mid-day trading on Friday, hitting $40.21. The stock had a trading volume of 14,222,833 shares. The Charles Schwab Corporation has a 12 month low of $29.86 and a 12 month high of $44.10. The stock has a market cap of $53.85 billion, a price-to-earnings ratio of 26.99 and a beta of 1.64. The stock’s 50-day moving average price is $40.53 and its 200-day moving average price is $40.80.

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

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In other news, EVP Terri R. Kallsen sold 10,536 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $43.15, for a total value of $454,628.40. Following the completion of the transaction, the executive vice president now directly owns 5,212 shares of the company’s stock, valued at approximately $224,897.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Terri R. Kallsen sold 1,000 shares of the business’s 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 directly owns 5,212 shares of the company’s stock, valued at $203,215.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 925,122 shares of company stock valued at $39,733,977. Corporate insiders own 12.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Perigon Wealth Management LLC raised its position in shares of The Charles Schwab Corporation by 66.6% in the 2nd quarter. Perigon Wealth Management LLC now owns 27,367 shares of the financial services provider’s stock worth $1,176,000 after acquiring an additional 10,940 shares in the last quarter. Gs Investments Inc. bought a new position in shares of The Charles Schwab Corporation in the 2nd quarter worth $1,487,000. Lord Abbett & CO. LLC raised its position in shares of The Charles Schwab Corporation by 30.5% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,727,982 shares of the financial services provider’s stock worth $74,234,000 after acquiring an additional 404,275 shares in the last quarter. Sentry Investment Management LLC raised its position in shares of The Charles Schwab Corporation by 11.6% in the 2nd quarter. Sentry Investment Management LLC now owns 96,298 shares of the financial services provider’s stock worth $4,137,000 after acquiring an additional 9,971 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in shares of The Charles Schwab Corporation by 25.7% in the 2nd quarter. Toronto Dominion Bank now owns 412,690 shares of the financial services provider’s stock worth $17,726,000 after acquiring an additional 84,428 shares in the last quarter. 79.60% of the stock is 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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