The Charles Schwab Corporation (NYSE:SCHW)‘s stock had its “buy” rating reaffirmed by equities research analysts at Keefe, Bruyette & Woods in a report issued on Friday. They presently have a $47.00 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 16.89% from the stock’s current price.

Several other research firms have also commented on SCHW. William Blair restated an “outperform” rating on shares of The Charles Schwab Corporation in a research report on Friday, June 16th. Deutsche Bank AG lowered their price target on shares of The Charles Schwab Corporation from $47.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, July 4th. BidaskClub lowered shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Jefferies Group LLC restated a “buy” rating and set a $49.00 price target on shares of The Charles Schwab Corporation in a research report on Friday. Finally, Citigroup Inc. started coverage on shares of The Charles Schwab Corporation in a research report on Thursday, July 13th. They set a “neutral” rating and a $46.00 price target for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $44.83.

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

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

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In other The Charles Schwab Corporation news, insider Marie A. Chandoha sold 9,705 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $43.17, for a total value of $418,964.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Charles R. Schwab sold 26,000 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $42.80, for a total transaction of $1,112,800.00. The disclosure for this sale can be found here. Insiders sold a total of 925,122 shares of company stock valued at $39,733,977 over the last three months. 12.00% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. WealthTrust Arizona LLC lifted its holdings 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 last quarter. YorkBridge Wealth Partners LLC lifted its holdings 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 last quarter. Shine Investment Advisory Services Inc. acquired a new stake in The Charles Schwab Corporation in the 2nd quarter valued at about $145,000. Fiduciary Trust Co. acquired a new stake in The Charles Schwab Corporation in the 2nd quarter valued at about $163,000. Finally, FTB Advisors Inc. lifted its holdings 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 last quarter. 79.60% of the stock is owned by 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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