The Charles Schwab Corporation (SCHW) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of The Charles Schwab Corporation (NYSE:SCHW) from a strong sell rating to a sell rating in a report issued on Saturday.

Other research analysts also recently issued reports about the company. Nomura downgraded The Charles Schwab Corporation from a buy rating to a neutral rating in a report on Monday, July 24th. Instinet reaffirmed a neutral rating and set a $43.00 target price (down from $46.00) on shares of The Charles Schwab Corporation in a report on Monday, July 24th. Morgan Stanley reaffirmed an overweight rating and set a $51.00 target price (up from $48.00) on shares of The Charles Schwab Corporation in a report on Tuesday, July 25th. Jefferies Group LLC reaffirmed a buy rating and set a $48.00 target price on shares of The Charles Schwab Corporation in a report on Wednesday, May 31st. Finally, Argus reaffirmed a buy rating and set a $48.00 target price (up from $46.00) on shares of The Charles Schwab Corporation in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $44.83.

The Charles Schwab Corporation (NYSE:SCHW) opened at 41.04 on Friday. The stock’s 50 day moving average price is $40.42 and its 200 day moving average price is $40.76. The firm has a market cap of $54.96 billion, a price-to-earnings ratio of 27.54 and a beta of 1.64. The Charles Schwab Corporation has a 52 week low of $29.86 and a 52 week 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 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate 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 business’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. On average, equities research analysts predict that The Charles Schwab Corporation will post $1.61 EPS for the current year.

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The company also recently declared a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Wednesday, August 9th. The Charles Schwab Corporation’s dividend payout ratio (DPR) is currently 21.48%.

In related news, EVP Terri R. Kallsen sold 1,000 shares of the company’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 transaction, the executive vice president now directly owns 5,212 shares of the company’s stock, valued at approximately $203,215.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Marie A. Chandoha sold 9,705 shares of the company’s stock in a transaction that occurred on 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. Over the last ninety days, insiders have sold 925,122 shares of company stock worth $39,733,977. 12.00% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of SCHW. Waldron LP raised its stake in The Charles Schwab Corporation by 23.9% during the 1st quarter. Waldron LP now owns 9,339 shares of the financial services provider’s stock worth $381,000 after buying an additional 1,799 shares during the period. First Trust Advisors LP raised its stake in The Charles Schwab Corporation by 23.7% during the 1st quarter. First Trust Advisors LP now owns 259,540 shares of the financial services provider’s stock worth $10,592,000 after buying an additional 49,709 shares during the period. FTB Advisors Inc. raised its stake in The Charles Schwab Corporation by 365.8% during the 1st quarter. FTB Advisors Inc. now owns 3,852 shares of the financial services provider’s stock worth $151,000 after buying an additional 3,025 shares during the period. Bbva Compass Bancshares Inc. raised its stake in The Charles Schwab Corporation by 21.9% during the 1st quarter. Bbva Compass Bancshares Inc. now owns 12,437 shares of the financial services provider’s stock worth $508,000 after buying an additional 2,236 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in The Charles Schwab Corporation by 43.2% during the 1st quarter. Daiwa Securities Group Inc. now owns 43,450 shares of the financial services provider’s stock worth $1,773,000 after buying an additional 13,100 shares during the period. 79.53% of the stock is currently owned by institutional investors and hedge funds.

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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