The Charles Schwab Corporation (NYSE:SCHW) Earns Neutral Rating from Analysts at Rosenblatt Securities

Stock analysts at Rosenblatt Securities initiated coverage on shares of The Charles Schwab Corporation (NYSE:SCHW) in a research note issued to investors on Thursday, July 13th, Marketbeat.com reports. The brokerage set a “neutral” rating and a $46.00 price target on the financial services provider’s stock. Rosenblatt Securities’ price objective suggests a potential upside of 13.16% from the company’s current price.

SCHW has been the subject of a number of other research reports. Instinet reiterated a “conviction-buy” rating and set a $46.00 target price (up previously from $44.00) on shares of The Charles Schwab Corporation in a research report on Friday, April 14th. Jefferies Group LLC restated a “buy” rating and issued a $48.00 price objective on shares of The Charles Schwab Corporation in a research report on Wednesday, May 31st. BidaskClub upgraded shares of The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Morgan Stanley restated an “overweight” rating and issued a $48.00 price objective (up previously from $45.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 10th. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $44.00 price objective (up previously from $42.00) on shares of The Charles Schwab Corporation in a research report on Monday, June 12th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $44.00.

The Charles Schwab Corporation (NYSE SCHW) traded up 0.10% on Thursday, reaching $40.65. 4,896,693 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $42.68 and a 200-day moving average of $41.04. The firm has a market capitalization of $54.44 billion, a price-to-earnings ratio of 27.28 and a beta of 1.63. The Charles Schwab Corporation has a 12 month low of $29.83 and a 12 month high of $44.10.

The Charles Schwab Corporation (NYSE:SCHW) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. The business 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 quarter last year, the company posted $0.30 EPS. On average, equities analysts expect that The Charles Schwab Corporation will post $1.61 earnings per share for the current year.

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In related news, EVP Terri R. Kallsen sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $43.07, for a total transaction of $86,140.00. Following the completion of the sale, the executive vice president now owns 5,212 shares of the company’s stock, valued at $224,480.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Terri R. Kallsen sold 10,536 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $224,897.80. The disclosure for this sale can be found here. In the last three months, insiders sold 924,122 shares of company stock valued at $39,694,987. 12.00% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of SCHW. WealthTrust Arizona LLC increased its position in shares of The Charles Schwab Corporation by 1.2% in the second quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock valued at $106,000 after buying an additional 29 shares during the last quarter. Pinnacle Bank acquired a new position in shares of The Charles Schwab Corporation during the first quarter valued at approximately $119,000. First Bank & Trust increased its position in shares of The Charles Schwab Corporation by 3.6% in the first quarter. First Bank & Trust now owns 3,125 shares of the financial services provider’s stock valued at $128,000 after buying an additional 109 shares during the last quarter. YorkBridge Wealth Partners LLC increased its position in shares of The Charles Schwab Corporation by 9.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,267 shares of the financial services provider’s stock valued at $131,000 after buying an additional 287 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new position in shares of The Charles Schwab Corporation during the second quarter valued at approximately $145,000. 79.41% of the stock is owned by institutional investors and hedge funds.

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.

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