The Charles Schwab Corporation (SCHW) Downgraded by BidaskClub to “Buy” – The Ledger Gazette


BidaskClub downgraded shares of The Charles Schwab Corporation (NYSE:SCHW) from a strong-buy rating to a buy rating in a research note released on Tuesday, October 17th.

Other equities research analysts have also issued research reports about the stock. Nomura lowered shares of The Charles Schwab Corporation from a buy rating to a neutral rating in a research note on Monday, July 24th. Instinet reiterated a neutral rating and issued a $43.00 price objective (down previously from $46.00) on shares of The Charles Schwab Corporation in a research note on Monday, July 24th. Morgan Stanley restated an overweight rating and set a $51.00 price target (up previously from $48.00) on shares of The Charles Schwab Corporation in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods restated a buy rating and set a $47.00 price target on shares of The Charles Schwab Corporation in a research note on Friday, September 15th. Finally, Argus restated a buy rating and set a $48.00 price target (up previously from $46.00) on shares of The Charles Schwab Corporation in a research note on Friday, July 21st. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $47.07.

Shares of The Charles Schwab Corporation (SCHW) traded down 0.97% during trading on Tuesday, reaching $44.91. The company’s stock had a trading volume of 5,233,009 shares. 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 cap of $60.14 billion, a PE ratio of 30.14 and a beta of 1.68. The stock’s 50 day moving average price is $43.20 and its 200-day moving average price is $41.36.

The Charles Schwab Corporation (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. The Charles Schwab Corporation had a net margin of 27.30% and a return on equity of 16.07%. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS. Equities analysts predict that The Charles Schwab Corporation will post $1.62 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Friday, November 10th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.32 dividend on an annualized basis and a yield of 0.71%. The Charles Schwab Corporation’s dividend payout ratio is 20.51%.

In other The Charles Schwab Corporation news, insider Marie A. Chandoha sold 7,002 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $41.96, for a total value of $293,803.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marie A. Chandoha sold 9,705 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $43.17, for a total transaction of $418,964.85. The disclosure for this sale can be found here. Insiders sold a total of 1,067,798 shares of company stock valued at $46,645,783 over the last quarter. 12.00% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in SCHW. Waldron LP boosted its holdings in The Charles Schwab Corporation by 23.9% in the 1st quarter. Waldron LP now owns 9,339 shares of the financial services provider’s stock valued at $381,000 after purchasing an additional 1,799 shares during the period. M&T Bank Corp boosted its holdings in The Charles Schwab Corporation by 18.0% in the 1st quarter. M&T Bank Corp now owns 193,546 shares of the financial services provider’s stock valued at $7,900,000 after purchasing an additional 29,506 shares during the period. Quantbot Technologies LP bought a new position in The Charles Schwab Corporation in the 1st quarter valued at $268,000. KBC Group NV boosted its holdings in The Charles Schwab Corporation by 6.5% in the 1st quarter. KBC Group NV now owns 239,614 shares of the financial services provider’s stock valued at $9,779,000 after purchasing an additional 14,693 shares during the period. Finally, USS Investment Management Ltd bought a new position in The Charles Schwab Corporation in the 1st quarter valued at $82,018,000. 79.46% of the stock is owned by hedge funds and other institutional investors.

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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