The Charles Schwab Corporation (NYSE:SCHW) had its price objective upped by Barclays PLC from $48.00 to $51.00 in a research report report published on Tuesday. Barclays PLC currently has an overweight rating on the financial services provider’s stock.

A number of other equities research analysts have also commented on the company. Morgan Stanley reissued an overweight rating and issued a $51.00 price target (up from $48.00) on shares of The Charles Schwab Corporation in a research report on Tuesday, July 25th. Nomura lowered The Charles Schwab Corporation from a buy rating to a neutral rating in a research report on Monday, July 24th. BidaskClub lowered The Charles Schwab Corporation from a sell rating to a strong sell rating in a research report on Friday, September 8th. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $47.00 target price on shares of The Charles Schwab Corporation in a research report on Friday, September 15th. Finally, Deutsche Bank AG decreased their target price on 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. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $46.80.

The Charles Schwab Corporation (SCHW) traded down 0.60% during trading on Tuesday, hitting $44.76. 2,485,753 shares of the company traded hands. The firm has a market capitalization of $59.94 billion, a P/E ratio of 30.04 and a beta of 1.68. The Charles Schwab Corporation has a 12-month low of $30.66 and a 12-month high of $46.21. The stock has a 50-day moving average price of $41.72 and a 200-day moving average price of $41.03.

The Charles Schwab Corporation (NYSE:SCHW) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The Charles Schwab Corporation’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. Equities analysts expect that The Charles Schwab Corporation will post $1.61 EPS for the current fiscal year.

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In other news, EVP Terri R. Kallsen sold 1,000 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $38.99, for a total transaction of $38,990.00. Following the completion of the transaction, the executive vice president now owns 5,212 shares in the company, valued at approximately $203,215.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Marie A. Chandoha sold 19,074 shares of the stock in a transaction on Friday, October 6th. The stock was sold at an average price of $45.94, for a total value of $876,259.56. The disclosure for this sale can be found here. Insiders have sold a total of 1,035,705 shares of company stock valued at $44,665,539 in the last quarter. 12.00% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in The Charles Schwab Corporation by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 81,925,586 shares of the financial services provider’s stock worth $3,519,523,000 after purchasing an additional 2,536,947 shares during the period. BlackRock Inc. boosted its stake in The Charles Schwab Corporation by 2.5% in the 2nd quarter. BlackRock Inc. now owns 73,666,134 shares of the financial services provider’s stock worth $3,164,699,000 after purchasing an additional 1,790,015 shares during the period. JPMorgan Chase & Co. boosted its stake in The Charles Schwab Corporation by 1.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 39,576,199 shares of the financial services provider’s stock worth $1,700,193,000 after purchasing an additional 491,451 shares during the period. FMR LLC boosted its stake in The Charles Schwab Corporation by 11.3% in the 2nd quarter. FMR LLC now owns 30,766,004 shares of the financial services provider’s stock worth $1,321,708,000 after purchasing an additional 3,128,532 shares during the period. Finally, Capital Research Global Investors boosted its stake in The Charles Schwab Corporation by 86.3% in the 2nd quarter. Capital Research Global Investors now owns 24,237,199 shares of the financial services provider’s stock worth $1,041,230,000 after purchasing an additional 11,224,199 shares during the period. Institutional investors and hedge funds own 79.53% of the company’s stock.

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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