Analysts' Recommendations and Insider's Trading Activity: Charles Schwab Corp (NYSE:SCHW)
- Author: Zachary Reyes Mar 08, 2017,
Mar 08, 2017, 10:10
Analysts have a mean recommendation of 1.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock was sold at an average price of $41.64, for a total transaction of $320,877.84.
According to Financial Times, The 15 analysts offering 12 month price targets for Charles Schwab Corp have a median target of 45.00, with a high estimate of 47.00 and a low estimate of 44.00. The company's 50 day moving average is $41.21 and its 200-day moving average is $36.20. The lowest price the stock reached on Friday was $82.6 and compares with the $64.18 52-week low.
The Charles Schwab Corporation (NYSE:SCHW) share price increased in the last trading session with a previous 52-week high of $43.36. The reported earnings per share topped the analyst's consensus by $0.01 with the percentage difference between estimated and actual earnings arriving at 1.20%. The business earned $1.97 billion during the quarter, compared to analyst estimates of $1.99 billion. Charles Schwab Corp had a return on equity of 14.65% and a net margin of 25.26%. The firm's quarterly revenue was up 16.6% on a year-over-year basis. In a similar way, U.S. Bancorp (NYSE:USB) last announced results for quarter ended on 31 Dec 2016, disclosing EPS of $0.82. Equities research analysts predict that The Charles Schwab Corporation will post $1.30 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, February 24th. The ex-dividend date was Wednesday, February 8th. Similarly, the positive performance for the quarter recorded as 6.29% and for the year was 23.16%, while the YTD performance remained at -0.27%. It has a dividend yield of 0.75%. Charles Schwab Corp's payout ratio is now 24.62%. Credit Suisse Group reissued a "buy" rating and set a $32.00 price target on shares of The Charles Schwab Corporation in a research note on Monday, October 10th. If you are reading this piece on another domain, it was copied illegally and reposted in violation of worldwide trademark and copyright law. The legal version of this article can be viewed at https://baseballnewssource.com/markets/insider-selling-charles-schwab-corp-schw-insider-sells-630028-42-in-stock/483751.html. State Street Corp raised its stake in shares of Charles Schwab Corp by 7.3% in the fourth quarter. This quarter analysts say they expect sales to move at $5.21 billion - higher from $4.87 billion the year before. Can boosted its stake in shares of The Charles Schwab Corporation by 2.1% in the third quarter.
Insiders has most recently took part in a trading activity, Clark Bernard J., EVP - Advisor Services of the company in a transaction that occurred 3/6/2017 sold 5,098 shares of the stock. Parnassus Investments CA raised its stake in shares of Charles Schwab Corp by 7.7% in the third quarter. The stock soared 2.59 percent over the last 6 months. Finally, Price T Rowe Associates Inc. Bank of Montreal Can purchased a new stake in shares of The Charles Schwab Corporation during the second quarter valued at about $30,353,000. Price T Rowe Associates Inc. Hedge funds and other institutional investors own 78.34% of the company's stock.
SCHW has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Charles Schwab Corp from a "buy" rating to a "hold" rating in a research note on Wednesday, February 8th.
Analysts Rating Review: Analysts play a useful role in our capital markets. The Charles Schwab Corporation now has a consensus rating of "Buy" and an average price target of $37.14. The 52-week range of the share price is from $3.78 - $9.50. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock.
The Charles Schwab Corporation is a savings and loan holding company.