Recent Research Analysts’ Ratings Updates for The Charles Schwab Corporation (SCHW)

Several analysts have recently updated their ratings and price targets for The Charles Schwab Corporation (NYSE: SCHW):

  • 7/25/2017 – The Charles Schwab Corporation had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $51.00 price target on the stock, up previously from $48.00.
  • 7/24/2017 – The Charles Schwab Corporation had its “neutral” rating reaffirmed by analysts at Instinet. They now have a $43.00 price target on the stock, down previously from $46.00.
  • 7/24/2017 – The Charles Schwab Corporation was downgraded by analysts at Nomura from a “buy” rating to a “neutral” rating.
  • 7/21/2017 – The Charles Schwab Corporation had its “buy” rating reaffirmed by analysts at Argus. They now have a $48.00 price target on the stock, up previously from $46.00.
  • 7/19/2017 – The Charles Schwab Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/13/2017 – The Charles Schwab Corporation is now covered by analysts at Citigroup Inc.. They set a “neutral” rating and a $46.00 price target on the stock.
  • 7/13/2017 – The Charles Schwab Corporation is now covered by analysts at Rosenblatt Securities. They set a “neutral” rating and a $46.00 price target on the stock.
  • 7/11/2017 – The Charles Schwab Corporation was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating. They now have a $43.00 price target on the stock, up previously from $40.00.
  • 7/10/2017 – The Charles Schwab Corporation had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $48.00 price target on the stock, up previously from $45.00.
  • 7/4/2017 – The Charles Schwab Corporation had its price target lowered by analysts at Deutsche Bank AG from $47.00 to $46.00. They now have a “buy” rating on the stock.
  • 6/16/2017 – The Charles Schwab Corporation had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $46.00 price target on the stock.
  • 6/16/2017 – The Charles Schwab Corporation had its “outperform” rating reaffirmed by analysts at William Blair.
  • 6/13/2017 – The Charles Schwab Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/12/2017 – The Charles Schwab Corporation had its “market perform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $44.00 price target on the stock, up previously from $42.00.

Shares of The Charles Schwab Corporation (SCHW) traded down 3.36% on Thursday, reaching $40.61. 6,709,028 shares of the company traded hands. The stock has a market cap of $54.38 billion, a price-to-earnings ratio of 27.26 and a beta of 1.63. The stock has a 50 day moving average of $42.74 and a 200 day moving average of $41.05. The Charles Schwab Corporation has a 52-week low of $29.23 and a 52-week high of $44.10.

The Charles Schwab Corporation (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (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 firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the firm posted $0.30 earnings per share. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, analysts expect that The Charles Schwab Corporation will post $1.61 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, August 9th. The Charles Schwab Corporation’s dividend payout ratio (DPR) is currently 21.48%.

In other The Charles Schwab Corporation news, EVP Joseph R. Martinetto sold 89,330 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $42.51, for a total transaction of $3,797,418.30. Following the sale, the executive vice president now directly owns 207,961 shares of the company’s stock, valued at $8,840,422.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Terri R. Kallsen sold 10,536 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $43.15, for a total transaction of $454,628.40. Following the sale, the executive vice president now directly owns 5,212 shares in the company, valued at $224,897.80. The disclosure for this sale can be found here. Insiders have sold 924,122 shares of company stock worth $39,694,987 over the last ninety days. Insiders own 12.00% of the company’s stock.

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.

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