A number of firms have modified their ratings and price targets on shares of The Charles Schwab Corporation (NYSE: SCHW) recently:

  • 9/26/2017 – The Charles Schwab Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/16/2017 – The Charles Schwab Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 9/15/2017 – The Charles Schwab Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $49.00 price target on the stock.
  • 9/15/2017 – The Charles Schwab Corporation had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $47.00 price target on the stock.
  • 9/8/2017 – The Charles Schwab Corporation is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $48.00 price target on the stock.
  • 9/8/2017 – The Charles Schwab Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/14/2017 – The Charles Schwab Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of The Charles Schwab Corporation (NYSE SCHW) traded up 0.95% during midday trading on Tuesday, reaching $44.46. 5,231,491 shares of the company were exchanged. The Charles Schwab Corporation has a 52 week low of $30.66 and a 52 week high of $44.51. The firm has a market capitalization of $59.54 billion, a P/E ratio of 29.84 and a beta of 1.68. The firm has a 50-day moving average of $40.60 and a 200 day moving average of $40.80.

The Charles Schwab Corporation (NYSE:SCHW) last posted its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, hitting the 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 company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the firm earned $0.30 earnings per share. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, equities research analysts expect that The Charles Schwab Corporation will post $1.61 EPS for the current year.

In related news, EVP Joseph R. Martinetto sold 115,642 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $42.10, for a total transaction of $4,868,528.20. Following the completion of the transaction, the executive vice president now owns 210,868 shares of the company’s stock, valued at approximately $8,877,542.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph R. Martinetto sold 89,330 shares of the stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $42.51, for a total transaction of $3,797,418.30. Following the transaction, the executive vice president now directly owns 207,961 shares of the company’s stock, valued at approximately $8,840,422.11. The disclosure for this sale can be found here. In the last ninety days, insiders sold 995,348 shares of company stock worth $42,831,733. Corporate insiders own 12.00% of the company’s stock.

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.

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