The Charles Schwab Corp (SCHW) Receiving Somewhat Positive News Coverage, Analysis Shows

The Charles Schwab Corp (SCHW) Receiving Somewhat Positive News Coverage, Analysis Shows

Here are some of the news stories that may have effected AlphaOne Sentiment Analysis’s rankings:

News articles about Charles Schwab Corp (NYSE:SCHW) have been trending somewhat positive on Monday, according to Alpha One Sentiment Analysis. The research firm, a subsidiary of Accern, ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Charles Schwab Corp earned a news sentiment score of 0.23 on Alpha One’s scale. Alpha One also assigned news stories about the financial services provider an impact score of 10 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.

A number of analysts have recently weighed in on SCHW shares. Jefferies Group LLC restated a “buy” rating and issued a $48.00 target price on shares of Charles Schwab Corp in a report on Wednesday, May 31st. Keefe, Bruyette & Woods set a $44.00 price target on shares of Charles Schwab Corp and gave the stock a “buy” rating in a research note on Monday, April 10th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $44.00 price target on shares of Charles Schwab Corp in a research note on Tuesday, February 28th. Nomura reissued a “buy” rating and issued a $46.00 price objective on shares of Charles Schwab Corp in a research report on Tuesday, April 11th. Finally, Zacks Investment Research cut shares of Charles Schwab Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 8th. Two 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 stock presently has a consensus rating of “Buy” and an average target price of $41.75. Charles Schwab Corp (SCHW) opened at 38.95 on Monday. Charles Schwab Corp has a 52 week low of $23.83 and a 52 week high of $43.65. The firm’s 50-day moving average is $39.32 and its 200-day moving average is $40.13. The firm has a market cap of $52.08 billion, a price-to-earnings ratio of 27.62 and a beta of 1.78.

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

In other Charles Schwab Corp news, Chairman Charles R. Schwab sold 300,000 shares of the stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $40.25, for a total value of $12,075,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Bernard J. Clark sold 5,038 shares of the stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $42.20, for a total value of $212,603.60. The disclosure for this sale can be found here. Insiders have sold 378,082 shares of company stock worth $15,188,662 over the last 90 days. 12.60% of the stock is currently owned by company insiders. About Charles Schwab Corp

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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