The Charles Schwab Corp (SCHW) Rating Reiterated by Deutsche Bank AG

The Charles Schwab Corp (SCHW) Rating Reiterated by Deutsche Bank AG

A number of other research analysts also recently commented on the company. Jefferies Group LLC boosted their price target on Charles Schwab Corp from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, April 24th. Citigroup Inc reissued a “buy” rating and set a $43.00 target price (down previously from $45.00) on shares of Charles Schwab Corp in a research note on Saturday, April 22nd. SunTrust Banks, Inc. reduced their price target on Charles Schwab Corp from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, April 19th. Instinet restated a “conviction-buy” rating and set a $46.00 price target (up from $44.00) on shares of Charles Schwab Corp in a report on Friday, April 14th. Finally, Nomura reiterated a “buy” rating and issued a $46.00 target price on shares of Charles Schwab Corp in a report on Tuesday, April 11th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $41.75.

Charles Schwab Corp (NYSE:SCHW)‘s stock had its “buy” rating reissued by analysts at Deutsche Bank AG in a research note issued to investors on Monday, May 15th. They presently have a $45.00 target price on the financial services provider’s stock, up from their previous target price of $44.00. Deutsche Bank AG’s price target points to a potential upside of 15.53% from the company’s previous close.

Charles Schwab Corp (SCHW) opened at 38.95 on Monday. The stock has a market capitalization of $52.08 billion, a PE ratio of 27.62 and a beta of 1.78. The firm has a 50-day moving average of $39.32 and a 200-day moving average of $40.13. Charles Schwab Corp has a one year low of $23.83 and a one year high of $43.65.

Charles Schwab Corp (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, April 18th. The financial services provider reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.06 billion. Charles Schwab Corp had a return on equity of 14.65% and a net margin of 25.26%. Charles Schwab Corp’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share. On average, equities research analysts forecast that Charles Schwab Corp will post $1.62 earnings per share for the current year. The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Friday, May 12th were given a $0.08 dividend. The ex-dividend date was Wednesday, May 10th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.82%. Charles Schwab Corp’s dividend payout ratio is currently 24.62%.

In other news, Director Mark A. Goldfarb purchased 1,850 shares of the company’s stock in a transaction that occurred on Thursday, April 27th. The shares were bought at an average cost of $26.97 per share, for a total transaction of $49,894.50. Following the completion of the transaction, the director now directly owns 1,850 shares of the company’s stock, valued at approximately $49,894.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles R. Schwab sold 300,000 shares of Charles Schwab Corp stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $40.25, for a total value of $12,075,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 378,082 shares of company stock worth $15,188,662. Corporate insiders own 12.60% of the company’s stock. Several hedge funds and other institutional investors have recently bought and sold shares of the company. Manning & Napier Advisors LLC acquired a new position in Charles Schwab Corp during the third quarter valued at $5,197,000. APG Asset Management N.V. boosted its stake in Charles Schwab Corp by 15.5% in the third quarter. APG Asset Management N.V. now owns 3,264,720 shares of the financial services provider’s stock worth $103,067,000 after buying an additional 436,900 shares during the period. Greatmark Investment Partners Inc. purchased a new stake in Charles Schwab Corp during the third quarter worth approximately $221,000. Mizuho Trust & Banking Co. Ltd. boosted its stake in Charles Schwab Corp by 1.6% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 1,921,300 shares of the financial services provider’s stock worth $60,655,000 after buying an additional 31,079 shares during the period. Finally, Evermay Wealth Management LLC purchased a new stake in Charles Schwab Corp during the third quarter worth approximately $205,000. Hedge funds and other institutional investors own 78.34% of the company’s stock.

Charles Schwab Corp 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SCHW”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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