The Charles Schwab Corp. (NYSE:SCHW) was upgraded by research analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a research note issued on Tuesday.

Other analysts have also recently issued research reports about the company. Barclays PLC raised their price target on The Charles Schwab Corp. from $29.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, August 9th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of The Charles Schwab Corp. in a report on Monday, October 24th. Deutsche Bank AG raised their price objective on The Charles Schwab Corp. from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, September 9th. Wells Fargo & Co. reissued a “market perform” rating on shares of The Charles Schwab Corp. in a report on Tuesday, October 18th. Finally, Zacks Investment Research raised The Charles Schwab Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 16th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $33.69.

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

Shares of The Charles Schwab Corp. (NYSE:SCHW) opened at 38.10 on Tuesday. The Charles Schwab Corp. has a one year low of $21.51 and a one year high of $38.15. The company has a market capitalization of $50.51 billion, a PE ratio of 30.73 and a beta of 1.68. The company has a 50-day moving average price of $33.08 and a 200 day moving average price of $30.05.

The Charles Schwab Corp. (NYSE:SCHW) last released its quarterly earnings results on Monday, October 17th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. The Charles Schwab Corp. had a return on equity of 13.64% and a net margin of 24.77%. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the firm posted $0.27 EPS. The company’s revenue was up 19.8% compared to the same quarter last year. Equities analysts anticipate that The Charles Schwab Corp. will post $1.29 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Wednesday, November 9th. The Charles Schwab Corp.’s dividend payout ratio is currently 22.95%.

In related news, EVP Terri R. Kallsen sold 30,933 shares of The Charles Schwab Corp. stock in a transaction on Monday, November 14th. The stock was sold at an average price of $36.94, for a total value of $1,142,665.02. Following the completion of the sale, the executive vice president now owns 5,212 shares of the company’s stock, valued at $192,531.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marie A. Chandoha sold 6,076 shares of The Charles Schwab Corp. stock in a transaction on 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. 12.60% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of The Charles Schwab Corp. by 191.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 16,620,867 shares of the company’s stock valued at $524,721,000 after buying an additional 10,912,905 shares during the last quarter. Ruane Cunniff & Goldfarb Inc. bought a new stake in The Charles Schwab Corp. during the second quarter valued at about $231,722,000. Ameriprise Financial Inc. raised its stake in The Charles Schwab Corp. by 391.5% in the second quarter. Ameriprise Financial Inc. now owns 9,562,757 shares of the company’s stock valued at $241,891,000 after buying an additional 7,617,032 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in The Charles Schwab Corp. by 52.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 14,010,963 shares of the company’s stock valued at $354,616,000 after buying an additional 4,837,623 shares in the last quarter. Finally, BlackRock Group LTD raised its stake in The Charles Schwab Corp. by 37.6% in the third quarter. BlackRock Group LTD now owns 14,013,889 shares of the company’s stock valued at $442,418,000 after buying an additional 3,827,497 shares in the last quarter. 75.08% of the stock is owned by institutional investors.

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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