The Charles Schwab Corporation (NYSE:SCHW) has received an average recommendation of “Buy” from the eighteen research firms that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $46.64.

Several research analysts have weighed in on the stock. BidaskClub downgraded shares of The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Morgan Stanley increased their price target on shares of The Charles Schwab Corporation from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday. Citigroup Inc. assumed coverage on shares of The Charles Schwab Corporation in a research report on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price target on the stock. Rosenblatt Securities assumed coverage on shares of The Charles Schwab Corporation in a research report on Thursday, July 13th. They set a “neutral” rating and a $46.00 price objective on the stock. Finally, Deutsche Bank AG downgraded shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating and raised their price objective for the company from $40.00 to $43.00 in a research report on Tuesday, July 11th.

The Charles Schwab Corporation (NYSE SCHW) traded up 0.35% on Wednesday, reaching $45.34. 14,787,083 shares of the company were exchanged. The Charles Schwab Corporation has a 12-month low of $30.66 and a 12-month high of $46.21. The firm has a market capitalization of $60.72 billion, a P/E ratio of 30.43 and a beta of 1.68. The firm has a 50-day moving average of $41.08 and a 200 day moving average of $40.89.

The Charles Schwab Corporation (NYSE:SCHW) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share 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 business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the firm earned $0.30 earnings per share. The company’s quarterly revenue was up 16.5% on a year-over-year basis. On average, equities analysts predict that The Charles Schwab Corporation will post $1.62 earnings per share for the current year.

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In other news, EVP Terri R. Kallsen sold 4,267 shares of the firm’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $46.02, for a total value of $196,367.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bernard J. Clark sold 75,244 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $43.98, for a total transaction of $3,309,231.12. The disclosure for this sale can be found here. Insiders sold a total of 1,035,705 shares of company stock valued at $44,665,539 in the last 90 days. Company insiders own 12.00% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in SCHW. WealthTrust Arizona LLC lifted its holdings in The Charles Schwab Corporation by 1.2% during the 2nd quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock valued at $106,000 after buying an additional 29 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in The Charles Schwab Corporation during the 2nd quarter valued at about $145,000. Founders Capital Management bought a new stake in The Charles Schwab Corporation during the 1st quarter valued at about $159,000. Fiduciary Trust Co. bought a new stake in The Charles Schwab Corporation during the 2nd quarter valued at about $163,000. Finally, Quadrant Capital Group LLC lifted its holdings in The Charles Schwab Corporation by 31.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock valued at $168,000 after buying an additional 1,082 shares in the last quarter. Institutional investors own 79.53% 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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