The Charles Schwab Corporation (NYSE:SCHW) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Saturday.

SCHW has been the subject of a number of other research reports. Jefferies Group LLC restated a “buy” rating and set a $48.00 target price on shares of The Charles Schwab Corporation in a research report on Wednesday, May 31st. Morgan Stanley restated an “overweight” rating and set a $48.00 target price (up previously from $45.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 10th. Wells Fargo & Company restated a “market perform” rating and set a $44.00 target price (up previously from $42.00) on shares of The Charles Schwab Corporation in a research report on Monday, June 12th. Keefe, Bruyette & Woods restated a “buy” rating and set a $46.00 target price on shares of The Charles Schwab Corporation in a research report on Friday, June 16th. Finally, Instinet restated a “neutral” rating and set a $43.00 target price (down previously from $46.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $44.83.

Shares of The Charles Schwab Corporation (NYSE SCHW) opened at 40.21 on Friday. The firm has a market cap of $53.85 billion, a P/E ratio of 26.99 and a beta of 1.64. The firm has a 50-day moving average of $40.53 and a 200-day moving average of $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 earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. The company had revenue of $2.13 billion during 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 firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share. On average, equities analysts forecast that The Charles Schwab Corporation will post $1.61 earnings per share for the current fiscal year.

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In other The Charles Schwab Corporation news, EVP Terri R. Kallsen sold 10,536 shares of the business’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 in the company, valued at $224,897.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Terri R. Kallsen sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $38.99, for a total transaction of $38,990.00. Following the sale, the executive vice president now owns 5,212 shares of the company’s stock, valued at $203,215.88. The disclosure for this sale can be found here. Insiders have sold 925,122 shares of company stock valued at $39,733,977 in the last ninety days. 12.00% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its stake in The Charles Schwab Corporation by 19.4% during the second 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 period. Mitsubishi UFJ Trust & Banking Corp grew its stake in The Charles Schwab Corporation by 1.6% during the second 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 period. Bank of Nova Scotia grew its stake in The Charles Schwab Corporation by 932.5% during the first 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 period. Park National Corp OH grew its stake in The Charles Schwab Corporation by 184.2% during the second 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 period. Finally, JPMorgan Chase & Co. grew its stake in The Charles Schwab Corporation by 1.3% during the second quarter. JPMorgan Chase & Co. now owns 39,576,199 shares of the financial services provider’s stock worth $1,700,193,000 after buying an additional 491,451 shares during the period. Institutional investors own 79.60% of the company’s stock.

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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