Shares of The Charles Schwab Corporation (NYSE:SCHW) have been given a consensus rating of “Buy” by the twenty brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $44.67.

A number of equities research analysts recently weighed in on the company. BidaskClub downgraded The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a research report on Monday. Morgan Stanley reissued an “overweight” rating and set a $51.00 target price (up from $48.00) on shares of The Charles Schwab Corporation in a research report on Tuesday, July 25th. Nomura downgraded The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 24th. Instinet reissued a “neutral” rating and set a $43.00 target price (down from $46.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 24th. Finally, Argus reissued a “buy” rating and set a $48.00 target price (up from $46.00) on shares of The Charles Schwab Corporation in a research report on Friday, July 21st.

In other news, EVP Terri R. Kallsen sold 10,536 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $43.15, for a total value of $454,628.40. Following the transaction, the executive vice president now directly owns 5,212 shares of the company’s stock, valued at approximately $224,897.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Marie A. Chandoha sold 7,002 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $41.96, for a total value of $293,803.92. The disclosure for this sale can be found here. Insiders sold a total of 924,122 shares of company stock worth $39,694,987 over the last three months. 12.00% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. WealthTrust Arizona LLC boosted 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 valued at $106,000 after buying an additional 29 shares during the period. Lowe Brockenbrough & Co. Inc. boosted its position in The Charles Schwab Corporation by 0.9% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 6,770 shares of the financial services provider’s stock valued at $291,000 after buying an additional 62 shares during the period. Norway Savings Bank boosted its position in The Charles Schwab Corporation by 0.7% in the second quarter. Norway Savings Bank now owns 9,583 shares of the financial services provider’s stock valued at $412,000 after buying an additional 63 shares during the period. Atria Investments LLC boosted its position in The Charles Schwab Corporation by 0.4% in the second quarter. Atria Investments LLC now owns 15,025 shares of the financial services provider’s stock valued at $645,000 after buying an additional 65 shares during the period. Finally, Mitchell Sinkler & Starr PA boosted its position in The Charles Schwab Corporation by 0.6% in the first quarter. Mitchell Sinkler & Starr PA now owns 11,960 shares of the financial services provider’s stock valued at $488,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 79.45% of the company’s stock.

The Charles Schwab Corporation (NYSE:SCHW) traded down 0.158% on Tuesday, reaching $41.055. The company’s stock had a trading volume of 3,447,582 shares. The stock’s 50 day moving average is $42.67 and its 200-day moving average is $41.02. The firm has a market capitalization of $54.98 billion, a PE ratio of 27.554 and a beta of 1.63. The Charles Schwab Corporation has a 52 week low of $29.86 and a 52 week high of $44.10.

The Charles Schwab Corporation (NYSE:SCHW) last released its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the business earned $0.30 earnings per share. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. Analysts predict that The Charles Schwab Corporation will post $1.61 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Wednesday, August 9th. The Charles Schwab Corporation’s payout ratio is currently 21.48%.

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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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