The Charles Schwab Corporation (SCHW) Upgraded by BidaskClub to Sell

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

Several other research analysts have also weighed in on SCHW. Wells Fargo & Company restated a market perform rating and set a $44.00 target price (up from $42.00) on shares of The Charles Schwab Corporation in a research report on Monday, June 12th. Deutsche Bank AG lowered their target price on shares of The Charles Schwab Corporation from $47.00 to $46.00 and set a buy rating on the stock in a research report on Tuesday, July 4th. Morgan Stanley restated an overweight rating and set a $48.00 target price (up from $45.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 10th. Citigroup Inc. started 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 target price on the stock. Finally, Keefe, Bruyette & Woods restated a buy rating and set a $46.00 target price on shares of The Charles Schwab Corporation in a research report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. The Charles Schwab Corporation has an average rating of Buy and an average target price of $44.83.

The Charles Schwab Corporation (SCHW) traded up 0.55% during midday trading on Friday, hitting $40.21. The stock had a trading volume of 14,222,833 shares. The stock has a 50 day moving average of $40.53 and a 200 day moving average of $40.80. The Charles Schwab Corporation has a 12 month low of $29.86 and a 12 month high of $44.10. The stock has a market cap of $53.85 billion, a price-to-earnings ratio of 26.99 and a beta of 1.64.

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 consensus estimate of $0.39. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The firm’s revenue for the quarter 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. Analysts expect that The Charles Schwab Corporation will post $1.61 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were given a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.32 annualized dividend and a dividend yield of 0.80%. The Charles Schwab Corporation’s dividend payout ratio is presently 21.48%.

In related news, EVP Terri R. Kallsen sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $38.99, for a total transaction of $38,990.00. Following the sale, the executive vice president now owns 5,212 shares in the company, valued at $203,215.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Terri R. Kallsen sold 10,536 shares of the firm’s stock in a transaction that occurred 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 owns 5,212 shares in the company, valued at approximately $224,897.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 925,122 shares of company stock worth $39,733,977. 12.00% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. WealthTrust Arizona LLC boosted its position in The Charles Schwab Corporation by 1.2% during the second quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 29 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its position in The Charles Schwab Corporation by 9.6% during the first quarter. YorkBridge Wealth Partners LLC now owns 3,267 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 287 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in The Charles Schwab Corporation during the second quarter worth approximately $145,000. Fiduciary Trust Co. acquired a new stake in The Charles Schwab Corporation during the second quarter worth approximately $163,000. Finally, FTB Advisors Inc. boosted its position in The Charles Schwab Corporation by 365.8% during the first quarter. FTB Advisors Inc. now owns 3,852 shares of the financial services provider’s stock worth $151,000 after acquiring an additional 3,025 shares during the last quarter. Hedge funds and other institutional investors own 79.60% 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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