The Charles Schwab Corp. (NYSE:SCHW) was upgraded by investment analysts at Bank of America Corp. from a “neutral” rating to a “buy” rating in a research report issued on Thursday.

A number of other equities analysts have also recently issued reports on SCHW. Jefferies Group increased their target price on The Charles Schwab Corp. from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday. Credit Suisse Group AG reiterated a “buy” rating and set a $32.00 target price on shares of The Charles Schwab Corp. in a report on Monday. Zacks Investment Research upgraded The Charles Schwab Corp. from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Monday, September 26th. Morgan Stanley began coverage on The Charles Schwab Corp. in a report on Monday, September 26th. They set an “overweight” rating and a $37.00 target price for the company. Finally, Credit Agricole SA increased their target price on The Charles Schwab Corp. from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, September 22nd. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The Charles Schwab Corp. presently has an average rating of “Buy” and an average target price of $32.82.

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

The Charles Schwab Corp. (NYSE:SCHW) opened at 31.73 on Thursday. The Charles Schwab Corp. has a 52-week low of $21.51 and a 52-week high of $34.52. The firm has a market cap of $41.98 billion, a PE ratio of 27.35 and a beta of 1.55. The company’s 50 day moving average price is $31.15 and its 200 day moving average price is $29.03.

The Charles Schwab Corp. (NYSE:SCHW) last issued its quarterly earnings data on Monday, July 18th. The company reported $0.30 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.80 billion. The Charles Schwab Corp. had a return on equity of 13.03% and a net margin of 24.07%. The firm’s revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. Analysts predict that The Charles Schwab Corp. will post $1.26 earnings per share for the current fiscal year.

In other news, insider Marie A. Chandoha sold 6,076 shares of The Charles Schwab Corp. stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $32.00, for a total value of $194,432.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Terri R. Kallsen sold 6,894 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $28.01, for a total transaction of $193,100.94. Following the transaction, the executive vice president now owns 17,822 shares of the company’s stock, valued at $499,194.22. 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 made changes to their positions in the stock. Lenox Wealth Management Inc. increased its position in shares of 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 in the last quarter. Reilly Financial Advisors LLC increased its position in shares of 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 valued at $108,000 after buying an additional 400 shares in the last quarter. Integrated Investment Consultants LLC increased its position in shares of 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 valued at $125,000 after buying an additional 1,252 shares in the last quarter. Balentine LLC increased its position in shares of The Charles Schwab Corp. by 6.3% in the second quarter. Balentine LLC now owns 7,311 shares of the company’s stock valued at $185,000 after buying an additional 436 shares in the last quarter. Finally, Fruth Investment Management purchased a new position in shares of The Charles Schwab Corp. during the third quarter valued at approximately $200,000. 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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