Keefe, Bruyette & Woods restated their buy rating on shares of The Charles Schwab Corporation (NYSE:SCHW) in a research report report published on Friday morning. Keefe, Bruyette & Woods currently has a $47.00 target price on the financial services provider’s stock.

SCHW has been the topic of several other research reports. Wells Fargo & Company reiterated a market perform rating and issued a $44.00 target price (up previously from $42.00) on shares of The Charles Schwab Corporation in a research note on Monday, June 12th. Deutsche Bank AG dropped their target price on shares of The Charles Schwab Corporation from $47.00 to $46.00 and set a buy rating on the stock in a research note on Tuesday, July 4th. BidaskClub downgraded shares of The Charles Schwab Corporation from a sell rating to a strong sell rating in a research note on Friday, September 8th. Morgan Stanley reiterated an overweight rating and issued a $48.00 target price (up previously from $45.00) on shares of The Charles Schwab Corporation in a research note on Monday, July 10th. Finally, Citigroup Inc. started coverage on shares of The Charles Schwab Corporation in a research note on Thursday, July 13th. They issued a neutral rating and a $46.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. The Charles Schwab Corporation presently has a consensus rating of Buy and an average price target of $44.83.

The Charles Schwab Corporation (NYSE SCHW) traded up 0.55% during trading on Friday, hitting $40.21. 14,222,833 shares of the company’s stock traded hands. The stock has a market cap of $53.85 billion, a P/E ratio of 26.99 and a beta of 1.64. The company’s 50 day moving average is $40.53 and its 200-day moving average is $40.80. The Charles Schwab Corporation has a 12 month low of $29.86 and a 12 month high of $44.10.

The Charles Schwab Corporation (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.39. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The business’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. On average, analysts predict that The Charles Schwab Corporation will post $1.61 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were issued 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 is currently 21.48%.

In other The Charles Schwab Corporation news, EVP Terri R. Kallsen sold 10,536 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $43.15, for a total transaction of $454,628.40. Following the completion of the sale, the executive vice president now directly owns 5,212 shares of the company’s stock, valued at $224,897.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Charles R. Schwab sold 290,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $43.27, for a total transaction of $12,548,300.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 925,122 shares of company stock valued at $39,733,977. 12.00% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Perigon Wealth Management LLC increased its stake in shares of The Charles Schwab Corporation by 66.6% in the second quarter. Perigon Wealth Management LLC now owns 27,367 shares of the financial services provider’s stock worth $1,176,000 after purchasing an additional 10,940 shares in the last quarter. Gs Investments Inc. purchased a new stake in shares of The Charles Schwab Corporation in the second quarter worth $1,487,000. Lord Abbett & CO. LLC increased its stake in shares of The Charles Schwab Corporation by 30.5% in the second quarter. Lord Abbett & CO. LLC now owns 1,727,982 shares of the financial services provider’s stock worth $74,234,000 after purchasing an additional 404,275 shares in the last quarter. Sentry Investment Management LLC increased its stake in shares of The Charles Schwab Corporation by 11.6% in the second quarter. Sentry Investment Management LLC now owns 96,298 shares of the financial services provider’s stock worth $4,137,000 after purchasing an additional 9,971 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of The Charles Schwab Corporation by 25.7% in the second quarter. Toronto Dominion Bank now owns 412,690 shares of the financial services provider’s stock worth $17,726,000 after purchasing an additional 84,428 shares in the last quarter. 79.60% of the stock is owned by hedge funds and other institutional investors.

About The Charles Schwab Corporation

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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