The Charles Schwab Corporation (NYSE:SCHW) had its price target boosted by analysts at Morgan Stanley from $51.00 to $53.00 in a research report issued to clients and investors on Thursday. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s target price would suggest a potential upside of 19.69% from the company’s current price.

SCHW has been the subject of a number of other research reports. BidaskClub upgraded The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Wells Fargo & Company restated a “market perform” rating and set a $44.00 target price (up previously from $42.00) on shares of The Charles Schwab Corporation in a research report on Monday, June 12th. Keefe, Bruyette & Woods restated a “buy” rating and set a $46.00 target price on shares of The Charles Schwab Corporation in a research report on Friday, June 16th. Instinet restated a “neutral” rating and set a $43.00 target price (down previously from $46.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 24th. Finally, Barclays PLC assumed coverage on The Charles Schwab Corporation in a research report on Friday, September 8th. They set an “overweight” rating and a $48.00 target price for the company. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The Charles Schwab Corporation has an average rating of “Buy” and a consensus price target of $45.69.

Shares of The Charles Schwab Corporation (SCHW) traded up 1.60% on Thursday, reaching $44.99. The company had a trading volume of 1,852,231 shares. The company has a 50-day moving average price of $40.79 and a 200-day moving average price of $40.83. The firm has a market cap of $60.25 billion, a P/E ratio of 30.19 and a beta of 1.68. The Charles Schwab Corporation has a one year low of $30.66 and a one year high of $45.00.

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

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In other The Charles Schwab Corporation news, insider Marie A. Chandoha sold 3,923 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $44.51, for a total value of $174,612.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Terri R. Kallsen sold 1,000 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $44.36, for a total value of $44,360.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,004,571 shares of company stock valued at $43,242,149. Insiders own 12.00% of the company’s stock.

A number of large investors have recently bought and sold shares of SCHW. BlackRock Inc. grew its stake in The Charles Schwab Corporation by 1,921.5% in the first quarter. BlackRock Inc. now owns 71,876,119 shares of the financial services provider’s stock valued at $2,933,263,000 after acquiring an additional 68,320,480 shares during the period. Capital Research Global Investors grew its stake in 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 acquiring an additional 11,224,199 shares during the period. Janus Henderson Group PLC grew its stake in 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 acquiring an additional 8,856,483 shares during the period. Findlay Park Partners LLP acquired a new position in The Charles Schwab Corporation in the first quarter valued at about $218,669,000. Finally, FMR LLC grew its stake in 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 acquiring an additional 4,259,181 shares during the period. 79.53% of the stock is owned by hedge funds and other institutional investors.

About The Charles Schwab Corporation

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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