The Charles Schwab Corp. (NYSE:SCHW) had its target price raised by analysts at Barclays PLC from $34.00 to $35.00 in a report issued on Thursday. The firm currently has an “overweight” rating on the stock. Barclays PLC’s price objective would suggest a potential upside of 10.31% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Deutsche Bank AG reaffirmed a “buy” rating on shares of The Charles Schwab Corp. in a research report on Sunday, June 26th. Bank of America Corp. upgraded The Charles Schwab Corp. from a “neutral” rating to a “buy” rating and increased their price objective for the company from $21.51 to $38.00 in a report on Thursday. Jefferies Group decreased their price objective on The Charles Schwab Corp. from $36.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, July 7th. Nomura reiterated a “buy” rating on shares of The Charles Schwab Corp. in a report on Monday, July 11th. Finally, Zacks Investment Research upgraded The Charles Schwab Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 16th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $33.15.

Analyst Recommendations for The Charles Schwab Corp. (NYSE:SCHW)

Shares of The Charles Schwab Corp. (NYSE:SCHW) traded down 1.17% during mid-day trading on Thursday, hitting $31.36. The company had a trading volume of 6,310,983 shares. The company has a 50-day moving average price of $31.15 and a 200-day moving average price of $29.03. The company has a market capitalization of $41.49 billion, a price-to-earnings ratio of 27.03 and a beta of 1.55. The Charles Schwab Corp. has a 1-year low of $21.51 and a 1-year high of $34.52.

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

In related news, EVP Nigel J. Murtagh sold 2,500 shares of The Charles Schwab Corp. stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $29.72, for a total value of $74,300.00. Following the sale, the executive vice president now directly owns 35,137 shares in the company, valued at approximately $1,044,271.64. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Marie A. Chandoha sold 6,076 shares of The Charles Schwab Corp. stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $32.00, for a total value of $194,432.00. The disclosure for this sale can be found here. Insiders own 12.60% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. Lenox Wealth Management Inc. boosted its stake in The Charles Schwab Corp. by 12.1% in the second quarter. Lenox Wealth Management Inc. now owns 4,126 shares of the company’s stock valued at $104,000 after buying an additional 445 shares during the last quarter. Reilly Financial Advisors LLC raised its position in The Charles Schwab Corp. by 10.4% in the second quarter. Reilly Financial Advisors LLC now owns 4,248 shares of the company’s stock worth $108,000 after buying an additional 400 shares during the period. Integrated Investment Consultants LLC raised its position in The Charles Schwab Corp. by 33.9% in the second quarter. Integrated Investment Consultants LLC now owns 4,943 shares of the company’s stock worth $125,000 after buying an additional 1,252 shares during the period. Fruth Investment Management acquired a new position in The Charles Schwab Corp. during the third quarter worth $200,000. Finally, Genesee Valley Trust Co. acquired a new position in The Charles Schwab Corp. during the third quarter worth $201,000. Institutional investors 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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