The Charles Schwab Corp. (NYSE:SCHW)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Wells Fargo & Co. in a research report issued on Tuesday.

Other research analysts have also recently issued reports about the stock. Barclays PLC boosted their target price on shares of The Charles Schwab Corp. from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 9th. Deutsche Bank AG reissued a “buy” rating on shares of The Charles Schwab Corp. in a research report on Sunday, June 26th. SunTrust Banks Inc. raised shares of The Charles Schwab Corp. from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $32.00 to $33.00 in a research report on Tuesday. Jefferies Group reduced their target price on shares of The Charles Schwab Corp. from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, July 7th. Finally, Nomura reissued a “buy” rating on shares of The Charles Schwab Corp. in a research report on Monday, July 11th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The Charles Schwab Corp. currently has an average rating of “Buy” and a consensus price target of $33.57.

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

The Charles Schwab Corp. (NYSE:SCHW) traded up 1.42% on Tuesday, hitting $32.14. 8,671,036 shares of the company were exchanged. The stock has a market cap of $42.52 billion, a PE ratio of 27.71 and a beta of 1.55. The firm has a 50 day moving average of $31.24 and a 200-day moving average of $29.12. The Charles Schwab Corp. has a 52-week low of $21.51 and a 52-week high of $34.52.

The Charles Schwab Corp. (NYSE:SCHW) last posted its earnings results on Monday, October 17th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The Charles Schwab Corp. had a net margin of 24.07% and a return on equity of 13.03%. The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the company posted $0.27 earnings per share. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. On average, equities analysts expect that The Charles Schwab Corp. will post $1.26 earnings per share for the current fiscal year.

In related news, insider Marie A. Chandoha sold 6,076 shares of the stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $32.00, for a total value of $194,432.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Terri R. Kallsen sold 6,894 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $28.01, for a total transaction of $193,100.94. Following the completion of the transaction, the executive vice president now owns 17,822 shares of the company’s stock, valued at approximately $499,194.22. The disclosure for this sale can be found here. Insiders own 12.60% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Lenox Wealth Management Inc. raised 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 worth $104,000 after buying an additional 445 shares in the last quarter. Reilly Financial Advisors LLC raised 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 worth $108,000 after buying an additional 400 shares in the last quarter. Integrated Investment Consultants LLC raised 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 worth $125,000 after buying an additional 1,252 shares in the last quarter. Balentine LLC raised 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 worth $185,000 after buying an additional 436 shares in the last quarter. Finally, Fruth Investment Management bought a new position in shares of The Charles Schwab Corp. during the third quarter worth about $200,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

About The Charles Schwab Corp.

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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