The Charles Schwab Corporation (NYSE:SCHW) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Tuesday.

A number of other brokerages also recently issued reports on SCHW. Deutsche Bank AG downgraded The Charles Schwab Corporation from a “buy” rating to a “hold” rating and upped their price target for the company from $40.00 to $43.00 in a report on Tuesday, July 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $48.00 price target (up from $45.00) on shares of The Charles Schwab Corporation in a report on Monday, July 10th. Rosenblatt Securities began coverage on The Charles Schwab Corporation in a report on Thursday, July 13th. They set a “neutral” rating and a $46.00 price target on the stock. Citigroup Inc. began coverage on The Charles Schwab Corporation in a report on Thursday, July 13th. They set a “neutral” rating and a $46.00 price target on the stock. Finally, Nomura downgraded The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 24th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $45.47.

Shares of The Charles Schwab Corporation (NYSE SCHW) opened at 44.04 on Tuesday. The stock’s 50 day moving average price is $40.42 and its 200-day moving average price is $40.76. The company has a market capitalization of $58.97 billion, a PE ratio of 29.56 and a beta of 1.64. The Charles Schwab Corporation has a 1-year low of $29.86 and a 1-year high of $44.35. The Charles Schwab Corporation also was the recipient of some unusual options trading on Wednesday. Investors purchased 6,534 put options on the company. This is an increase of 774% compared to the typical daily volume of 748 put options.

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

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In related news, EVP Terri R. Kallsen sold 10,536 shares of the stock in a transaction dated Monday, July 3rd. The stock was 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 owns 5,212 shares in the company, valued at $224,897.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marie A. Chandoha sold 9,705 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $43.17, for a total value of $418,964.85. The disclosure for this sale can be found here. Insiders sold 924,622 shares of company stock worth $39,711,977 in the last ninety days. Corporate insiders own 12.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in SCHW. Waldron LP grew its position in shares of The Charles Schwab Corporation by 23.9% during the first quarter. Waldron LP now owns 9,339 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 1,799 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in shares of The Charles Schwab Corporation by 12.1% during the first quarter. UBS Asset Management Americas Inc. now owns 3,229,905 shares of the financial services provider’s stock worth $131,812,000 after purchasing an additional 348,865 shares in the last quarter. Main Street Research LLC grew its position in shares of The Charles Schwab Corporation by 0.3% during the first quarter. Main Street Research LLC now owns 67,900 shares of the financial services provider’s stock worth $2,771,000 after purchasing an additional 202 shares in the last quarter. DE Burlo Group Inc. purchased a new stake in shares of The Charles Schwab Corporation during the first quarter worth about $7,929,000. Finally, Montecito Bank & Trust grew its position in shares of The Charles Schwab Corporation by 119.1% during the first quarter. Montecito Bank & Trust now owns 12,596 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 6,846 shares in the last quarter. Hedge funds and other institutional investors own 79.53% 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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