The Charles Schwab Corporation (NYSE:SCHW) had its price objective hoisted by Morgan Stanley from $51.00 to $53.00 in a research report report published on Thursday morning. They currently have an overweight rating on the financial services provider’s stock.

Several other research analysts have also commented on the stock. BidaskClub upgraded shares of The Charles Schwab Corporation from a hold rating to a buy rating in a research note on Tuesday, September 26th. Keefe, Bruyette & Woods reiterated a buy rating and issued a $47.00 target price on shares of The Charles Schwab Corporation in a research note on Friday, September 15th. Jefferies Group LLC reiterated a buy rating and issued a $49.00 target price on shares of The Charles Schwab Corporation in a research note on Friday, September 15th. Barclays PLC started coverage on shares of The Charles Schwab Corporation in a research note on Friday, September 8th. They issued an overweight rating and a $48.00 target price on the stock. Finally, Nomura lowered shares of The Charles Schwab Corporation from a buy rating to a neutral rating in a research note on Monday, July 24th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $45.69.

The Charles Schwab Corporation (SCHW) opened at 45.34 on Thursday. The company’s 50 day moving average is $41.08 and its 200 day moving average is $40.89. The firm has a market cap of $60.72 billion, a price-to-earnings ratio of 30.43 and a beta of 1.68. The Charles Schwab Corporation has a 12-month low of $30.66 and a 12-month high of $46.21.

The Charles Schwab Corporation (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the business posted $0.30 EPS. The Charles Schwab Corporation’s quarterly revenue was up 16.5% on a year-over-year basis. On average, equities analysts anticipate that The Charles Schwab Corporation will post $1.62 earnings per share for the current year.

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In other news, EVP Bernard J. Clark sold 75,244 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $43.98, for a total transaction of $3,309,231.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marie A. Chandoha sold 9,705 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $43.17, for a total transaction of $418,964.85. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,035,705 shares of company stock valued at $44,665,539. Insiders own 12.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in SCHW. BlackRock Inc. lifted its holdings in shares of The Charles Schwab Corporation by 1,921.5% during the 1st quarter. BlackRock Inc. now owns 71,876,119 shares of the financial services provider’s stock worth $2,933,263,000 after acquiring an additional 68,320,480 shares during the period. Capital Research Global Investors lifted its holdings in shares of The Charles Schwab Corporation by 86.3% during the 2nd quarter. Capital Research Global Investors now owns 24,237,199 shares of the financial services provider’s stock worth $1,041,230,000 after acquiring an additional 11,224,199 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of The Charles Schwab Corporation by 1,766.9% during the 2nd quarter. Janus Henderson Group PLC now owns 9,357,736 shares of the financial services provider’s stock worth $402,011,000 after acquiring an additional 8,856,483 shares during the period. Findlay Park Partners LLP bought a new position in shares of The Charles Schwab Corporation during the 1st quarter worth about $218,669,000. Finally, FMR LLC lifted its holdings in shares of The Charles Schwab Corporation by 18.2% during the 1st quarter. FMR LLC now owns 27,637,472 shares of the financial services provider’s stock worth $1,127,886,000 after acquiring an additional 4,259,181 shares during the period. 79.53% of the stock is owned by 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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