Shares of The Charles Schwab Corporation (NYSE:SCHW) have received an average rating of “Buy” from the nineteen ratings firms that are covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $46.50.

Several analysts have commented on SCHW shares. Deutsche Bank AG cut shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating and lifted their target price for the stock from $40.00 to $43.00 in a research note on Tuesday, July 11th. Morgan Stanley reiterated 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. 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 target on the stock. Citigroup Inc. started coverage on The Charles Schwab Corporation in a research note on Thursday, July 13th. They set a “neutral” rating and a $46.00 price target on the stock. Finally, BidaskClub upgraded The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th.

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In related news, insider Marie A. Chandoha sold 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $44.50, for a total transaction of $200,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Terri R. Kallsen sold 1,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 5,212 shares in the company, valued at $203,215.88. The disclosure for this sale can be found here. In the last three months, insiders sold 999,648 shares of company stock worth $43,023,177. Insiders own 12.00% of the company’s stock.

Large investors have recently modified their holdings of the business. BlackRock Inc. lifted its position in shares of The Charles Schwab Corporation by 1,921.5% during the first quarter. BlackRock Inc. now owns 71,876,119 shares of the financial services provider’s stock worth $2,933,263,000 after purchasing an additional 68,320,480 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of The Charles Schwab Corporation by 86.3% in the second quarter. Capital Research Global Investors now owns 24,237,199 shares of the financial services provider’s stock valued at $1,041,230,000 after purchasing an additional 11,224,199 shares during the period. Janus Henderson Group PLC boosted its stake in shares of The Charles Schwab Corporation by 1,766.9% in the second quarter. Janus Henderson Group PLC now owns 9,357,736 shares of the financial services provider’s stock valued at $402,011,000 after purchasing an additional 8,856,483 shares during the period. Findlay Park Partners LLP purchased a new position in shares of The Charles Schwab Corporation in the first quarter valued at $218,669,000. Finally, FMR LLC boosted its stake in shares of The Charles Schwab Corporation by 18.2% in the first quarter. FMR LLC now owns 27,637,472 shares of the financial services provider’s stock valued at $1,127,886,000 after purchasing an additional 4,259,181 shares during the period. 79.53% of the stock is owned by institutional investors.

The Charles Schwab Corporation (NYSE SCHW) traded up 0.13% during mid-day trading on Wednesday, hitting $44.52. 2,442,602 shares of the stock traded hands. The Charles Schwab Corporation has a 12-month low of $30.66 and a 12-month high of $44.61. The company has a market cap of $59.62 billion, a price-to-earnings ratio of 29.88 and a beta of 1.68. The firm’s 50-day moving average is $40.69 and its 200-day moving average is $40.81.

The Charles Schwab Corporation (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 earnings per share. Equities research analysts expect that The Charles Schwab Corporation will post $1.62 EPS for the current year.

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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