Shares of The Charles Schwab Corp. (NYSE:SCHW) have received a consensus rating of “Buy” from the twenty brokerages that are presently covering the firm. Seven analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $33.05.

A number of analysts recently weighed in on SCHW shares. Deutsche Bank AG reissued a “buy” rating on shares of The Charles Schwab Corp. in a research report on Sunday, July 10th. Nomura decreased their price objective on shares of The Charles Schwab Corp. from $33.00 to $31.00 and set a “buy” rating for the company in a research report on Monday, July 11th. Jefferies Group reissued a “buy” rating on shares of The Charles Schwab Corp. in a research report on Friday, August 5th. JMP Securities reissued an “outperform” rating and issued a $32.00 price objective on shares of The Charles Schwab Corp. in a research report on Wednesday, July 20th. Finally, Barclays PLC upped their price objective on shares of The Charles Schwab Corp. from $29.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, August 9th.

The Charles Schwab Corp. (NYSE:SCHW) opened at 31.48 on Thursday. The stock has a market cap of $41.65 billion, a price-to-earnings ratio of 27.14 and a beta of 1.55. The company’s 50 day moving average price is $30.76 and its 200-day moving average price is $28.84. The Charles Schwab Corp. has a 12-month low of $21.51 and a 12-month high of $34.52.

The Charles Schwab Corp. (NYSE:SCHW) last announced its quarterly earnings results on Monday, July 18th. The company reported $0.30 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.30. The Charles Schwab Corp. had a net margin of 24.07% and a return on equity of 13.03%. The firm earned $1.83 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the prior year, the company earned $0.25 EPS. The firm’s revenue was up 16.7% on a year-over-year basis. On average, analysts forecast that The Charles Schwab Corp. will post $1.26 EPS for the current year.

In other news, EVP Terri R. Kallsen sold 6,894 shares of the stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $28.01, for a total value of $193,100.94. Following the completion of the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at $499,194.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Nigel J. Murtagh sold 2,500 shares of the stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $29.72, for a total transaction of $74,300.00. Following the completion of the transaction, the executive vice president now owns 35,137 shares of the company’s stock, valued at $1,044,271.64. The disclosure for this sale can be found here. 12.60% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NN Investment Partners Holdings N.V. acquired a new stake in shares of The Charles Schwab Corp. during the first quarter worth $204,000. Peapack Gladstone Financial Corp boosted its stake in shares of The Charles Schwab Corp. by 13.0% in the first quarter. Peapack Gladstone Financial Corp now owns 389,256 shares of the company’s stock worth $10,907,000 after buying an additional 44,722 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of The Charles Schwab Corp. by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 30,038,696 shares of the company’s stock worth $841,684,000 after buying an additional 262,723 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of The Charles Schwab Corp. by 3.1% in the first quarter. BlackRock Group LTD now owns 9,144,565 shares of the company’s stock worth $256,230,000 after buying an additional 271,403 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of The Charles Schwab Corp. by 30.6% in the first quarter. Franklin Resources Inc. now owns 8,745,194 shares of the company’s stock worth $245,047,000 after buying an additional 2,046,749 shares during the last quarter. Institutional investors and hedge funds own 76.45% of the company’s stock.

The Charles Schwab Corp. Company Profile

The Charles Schwab Corporation 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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