Deutsche Bank AG cut shares of The Charles Schwab Corporation (NYSE:SCHW) from a buy rating to a hold rating in a research note published on Tuesday, July 11th, Marketbeat reports. They currently have $43.00 price objective on the financial services provider’s stock, up from their previous price objective of $40.00.

A number of other equities analysts also recently commented on the company. Keefe, Bruyette & Woods reissued a buy rating and set a $46.00 price objective on shares of The Charles Schwab Corporation in a research report on Friday, June 16th. BidaskClub raised The Charles Schwab Corporation from a hold rating to a buy rating in a research report on Tuesday, June 13th. Nomura reissued a buy rating and set a $46.00 price objective on shares of The Charles Schwab Corporation in a research report on Tuesday, April 11th. SunTrust Banks, Inc. boosted their price objective on The Charles Schwab Corporation from $44.00 to $45.00 and gave the stock a buy rating in a research report on Tuesday, March 14th. Finally, UBS AG assumed coverage on The Charles Schwab Corporation in a research report on Monday, March 13th. They set a buy rating and a $50.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $44.00.

Shares of The Charles Schwab Corporation (SCHW) traded down 0.53% on Tuesday, reaching $42.88. 2,673,176 shares of the company’s stock traded hands. The company has a market cap of $57.37 billion, a PE ratio of 28.78 and a beta of 1.63. The Charles Schwab Corporation has a 12-month low of $29.00 and a 12-month high of $44.10. The stock has a 50-day moving average price of $42.64 and a 200-day moving average price of $40.97.

The Charles Schwab Corporation (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.39. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.69%. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 earnings per share. Equities research analysts anticipate that The Charles Schwab Corporation will post $1.61 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Wednesday, August 9th. The Charles Schwab Corporation’s dividend payout ratio is currently 21.48%.

In other The Charles Schwab Corporation news, Chairman Charles R. Schwab sold 350,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $43.10, for a total value of $15,085,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Charles R. Schwab sold 290,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $43.27, for a total value of $12,548,300.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 893,913 shares of company stock worth $38,402,586. Corporate insiders own 12.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. WealthTrust Arizona LLC increased its position in The Charles Schwab Corporation by 1.2% in the second quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock worth $106,000 after buying an additional 29 shares during the period. Pinnacle Bank purchased a new position in The Charles Schwab Corporation during the first quarter worth approximately $119,000. First Bank & Trust increased its position in The Charles Schwab Corporation by 3.6% in the first quarter. First Bank & Trust now owns 3,125 shares of the financial services provider’s stock worth $128,000 after buying an additional 109 shares during the period. YorkBridge Wealth Partners LLC increased its position in The Charles Schwab Corporation by 9.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,267 shares of the financial services provider’s stock worth $131,000 after buying an additional 287 shares during the period. Finally, Shine Investment Advisory Services Inc. purchased a new position in The Charles Schwab Corporation during the second quarter worth approximately $145,000. Institutional investors own 79.41% of the company’s stock.

The Charles Schwab Corporation Company Profile

The Charles Schwab Corporation (CSC) 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.

Analyst Recommendations for The Charles Schwab Corporation (NYSE:SCHW)

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