A number of firms have modified their ratings and price targets on shares of Charles Schwab Corp (NASDAQ: SCHW) recently:

  • 1/25/2016 – Charles Schwab Corp was upgraded by analysts at Nomura from a “neutral” rating to a “buy” rating.
  • 1/19/2016 – Charles Schwab Corp had its price target lowered by analysts at Deutsche Bank from $38.00 to $35.00. They now have a “buy” rating on the stock.
  • 1/13/2016 – Charles Schwab Corp was downgraded by analysts at Bank of America from a “buy” rating to a “neutral” rating. They now have a $33.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/12/2016 – Charles Schwab Corp had its price target lowered by analysts at Goldman Sachs from $38.00 to $37.00.
  • 1/8/2016 – Charles Schwab Corp had its price target lowered by analysts at Deutsche Bank from $39.00 to $38.00. They now have a “buy” rating on the stock.
  • 1/7/2016 – Charles Schwab Corp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Schwab’s third-quarter 2015 earnings outpaced the Zacks Consensus Estimate. Growth in revenues and lower expenses were partly offset by a substantial rise in provisions. Despite a rise in total client assets and new brokerage accounts, Schwab’s profitability may be hampered due to weak cost control, increased fee waivers and the persistent low interest rate scenario. Further, while the new fully automated investment advisory service offered by Schwab will likely ease the pressure to some extend and boost trading revenues going forward, we believe slow client activities continue to weigh on the company’s profitability.”
  • 12/29/2015 – Charles Schwab Corp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $37.00 price target on the stock. According to Zacks, “Schwab’s third-quarter 2015 earnings outpaced the Zacks Consensus Estimate. Growth in revenues and lower expenses were partly offset by a substantial rise in provisions. Despite a rise in total client assets and new brokerage accounts, Schwab’s profitability may be hampered due to weak cost control, increased fee waivers and the persistent low interest rate scenario. Further, while the new fully automated investment advisory service offered by Schwab will likely ease the pressure to some extend and boost trading revenues going forward, we believe slow client activities continue to weigh on the company’s profitability.”
  • 12/18/2015 – Charles Schwab Corp was downgraded by analysts at Piper Jaffray from an “overweight” rating to a “neutral” rating. They now have a $36.00 price target on the stock, down previously from $38.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 12/8/2015 – Charles Schwab Corp had its “overweight” rating reaffirmed by analysts at Barclays. They now have a $38.00 price target on the stock, up previously from $36.00.
  • 12/6/2015 – Charles Schwab Corp had its “buy” rating reaffirmed by analysts at Deutsche Bank.

Charles Schwab Corp (NASDAQ:SCHW) traded down 1.3554% during trading on Monday, hitting $25.4799. The stock had a trading volume of 7,177,198 shares. The stock has a market capitalization of $33.54 billion and a PE ratio of 24.7378. Charles Schwab Corp has a 52-week low of $24.37 and a 52-week high of $35.72. The stock’s 50-day moving average is $31.05 and its 200-day moving average is $31.48.

Charles Schwab Corp (NASDAQ:SCHW) last released its quarterly earnings results on Tuesday, January 19th. The company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The company had revenue of $1.69 billion for the quarter. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. On average, analysts predict that Charles Schwab Corp will post $1.34 earnings per share for the current fiscal year.

In related news, Director William S. Haraf purchased 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 20th. The shares were bought at an average price of $25.44 per share, for a total transaction of $101,760.00. Following the acquisition, the director now owns 13,209 shares of the company’s stock, valued at approximately $336,036.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Joseph R. Martinetto sold 50,000 shares of the stock in a transaction on Monday, November 9th. The shares were sold at an average price of $33.65, for a total value of $1,682,500.00. Following the sale, the chief financial officer now owns 131,688 shares in the company, valued at approximately $4,431,301.20. The disclosure for this sale can be found here.

The Charles Schwab Corporation (NASDAQ:SCHW) is a savings and loan holding company. Through its subsidiaries, the Company 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. The Investor Services segment provides retail brokerage and banking services to individual investors, retirement plan services and corporate brokerage services. The Advisor Services segment provides custodial, trading, and support services to independent investment advisors (IAs) and retirement business services to independent retirement plan advisors and record keepers. The Company offers a range of products to address individuals’ varying investment and financial needs. Its product offerings include brokerage, mutual funds, exchange-traded funds (ETFs), advice solutions, banking and trust.

12 Month Chart for NASDAQ:SCHW

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