Jefferies Group LLC reissued their buy rating on shares of The Charles Schwab Corporation (NYSE:SCHW) in a research note published on Friday. The firm currently has a $49.00 price objective on the financial services provider’s stock.

SCHW has been the subject of several other reports. BidaskClub raised The Charles Schwab Corporation from a strong sell rating to a sell rating in a research report on Saturday. Nomura lowered 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 issued a $43.00 price objective (down from $46.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 24th. Argus reissued a buy rating and issued a $48.00 price objective (up from $46.00) on shares of The Charles Schwab Corporation in a research report on Friday, July 21st. Finally, Morgan Stanley reissued an overweight rating and issued a $51.00 price objective (up from $48.00) on shares of The Charles Schwab Corporation in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $44.78.

The Charles Schwab Corporation (NYSE:SCHW) traded up 0.55% during midday trading on Friday, reaching $40.21. The company had a trading volume of 14,222,833 shares. The Charles Schwab Corporation has a 12-month low of $29.86 and a 12-month high of $44.10. The company has a market capitalization of $53.85 billion, a PE ratio of 26.99 and a beta of 1.64. The stock has a 50-day moving average price of $40.53 and a 200 day moving average price of $40.80.

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

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The business also recently declared a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were paid a dividend of $0.08 per share. The ex-dividend date was Wednesday, August 9th. This represents a $0.32 dividend on an annualized basis and a yield of 0.80%. The Charles Schwab Corporation’s dividend payout ratio (DPR) is currently 21.48%.

In other The Charles Schwab Corporation news, EVP Terri R. Kallsen sold 1,000 shares of The Charles Schwab Corporation stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $38.99, for a total transaction of $38,990.00. Following the completion of the transaction, the executive vice president now owns 5,212 shares in the company, valued at approximately $203,215.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marie A. Chandoha sold 7,002 shares of The Charles Schwab Corporation stock in a transaction dated Wednesday, August 9th. The shares were 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 have sold a total of 925,122 shares of company stock valued at $39,733,977 in the last quarter. Company insiders own 12.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in SCHW. American Century Companies Inc. boosted its stake in shares of The Charles Schwab Corporation by 19.4% in the 2nd quarter. American Century Companies Inc. now owns 4,139,650 shares of the financial services provider’s stock worth $177,839,000 after buying an additional 673,011 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of The Charles Schwab Corporation by 1.6% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,417,577 shares of the financial services provider’s stock worth $103,859,000 after buying an additional 38,306 shares during the last quarter. Bank of Nova Scotia boosted its stake in shares of The Charles Schwab Corporation by 932.5% in the 1st quarter. Bank of Nova Scotia now owns 278,070 shares of the financial services provider’s stock worth $11,348,000 after buying an additional 251,139 shares during the last quarter. Park National Corp OH boosted its stake in shares of The Charles Schwab Corporation by 184.2% in the 2nd quarter. Park National Corp OH now owns 43,433 shares of the financial services provider’s stock worth $1,866,000 after buying an additional 28,152 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of The Charles Schwab Corporation in the 1st quarter worth approximately $5,391,000. Institutional investors and hedge funds own 79.60% 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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