Price Don’t Lie: Could Charles Schwab Corp Decline After Today’s Big Increase?

Price Don't Lie: Could Charles Schwab Corp Decline After Today's Big Increase?

The stock of Charles Schwab Corp (NYSE:SCHW) is a huge mover today! About 5.22M shares traded hands. Charles Schwab Corp (NYSE:SCHW) has risen 28.39% since April 18, 2016 and is uptrending. It has outperformed by 23.96% the S&P500.
The move comes after 9 months positive chart setup for the $50.40 billion company. It was reported on Nov, 18 by Barchart.com. We have $59.14 PT which if reached, will make NYSE:SCHW worth $28.73B more.

Charles Schwab Corp (NYSE:SCHW) Ratings Coverage

Out of 14 analysts covering Charles Schwab (NYSE:SCHW), 11 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 79% are positive. Charles Schwab has been the topic of 42 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating given on Tuesday, September 8 by JP Morgan. The stock has “Overweight” rating given by Barclays Capital on Thursday, October 13. Barclays Capital maintained it with “Overweight” rating and $37.0 target price in Tuesday, August 11 report. On Friday, May 27 the stock rating was maintained by Deutsche Bank with “Buy”. SunTrust initiated the stock with “Neutral” rating in Wednesday, March 23 report. The stock has “Buy” rating given by Nomura on Monday, April 4. The rating was maintained by CLSA with “Outperform” on Thursday, September 22. The stock has “Neutral” rating given by Citigroup on Friday, April 15. The rating was upgraded by Nomura on Monday, January 25 to “Buy”. Compass Point maintained the stock with “Neutral” rating in Friday, October 16 report.

According to Zacks Investment Research, “Charles Schwab Corp. provides a full-service investing experience to customers through a clicks and mortar multi-dimensional, five channel offering of the Internet, branch offices, speech recognition, touch-tone telephone, e-mail and wireless technologies, multilingual and international services, and direct access to professionals day or night.”

Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.24, from 1.29 in 2016Q1. The ratio fall, as 56 funds sold all Charles Schwab Corp shares owned while 214 reduced positions. 74 funds bought stakes while 275 increased positions. They now own 1.00 billion shares or 2.12% less from 1.02 billion shares in 2016Q1.
Nelson Roberts Inv Advisors Ltd has invested 0.02% of its portfolio in Charles Schwab Corp (NYSE:SCHW). Fmr Limited Liability reported 23.32M shares or 0.08% of all its holdings. Evercore Wealth Mngmt Ltd Liability Corp, a New York-based fund reported 218,339 shares. Stifel last reported 222,077 shares in the company. The California-based Btr Capital Incorporated has invested 0.06% in Charles Schwab Corp (NYSE:SCHW). Envestnet Asset Mngmt Incorporated holds 0.06% or 564,087 shares in its portfolio. Cibc Asset Management, a Ontario – Canada-based fund reported 149,012 shares. Hanson And Doremus Inv Mngmt has 1.47% invested in the company for 128,351 shares. The New York-based Tower Rech Limited Co (Trc) has invested 0.24% in Charles Schwab Corp (NYSE:SCHW). The California-based Menta Ltd has invested 0.08% in Charles Schwab Corp (NYSE:SCHW). American Century Cos has invested 0.13% of its portfolio in Charles Schwab Corp (NYSE:SCHW). Guardian Life Ins Of America holds 4,506 shares or 0.01% of its portfolio. Boston Common Asset Management Limited Liability has 25,500 shares for 0.04% of their US portfolio. Thornburg Inv accumulated 0.14% or 725,629 shares. Davis Selected Advisers accumulated 1.73% or 15.54M shares.

Insider Transactions: Since May 27, 2016, the stock had 1 insider buy, and 17 insider sales for $88.29 million net activity. Shares for $194,432 were sold by Chandoha Marie A. $19.97M worth of Charles Schwab Corp (NYSE:SCHW) shares were sold by SCHWAB CHARLES R. Another trade for 100,800 shares valued at $3.57 million was made by Bettinger Walter W on Thursday, November 10. MARTINETTO JOSEPH R sold $8.03M worth of stock. On Thursday, November 10 Clark Bernard J. sold $3.29M worth of the stock or 93,146 shares. Another trade for 15,000 shares valued at $483,230 was made by Murtagh Nigel J on Thursday, October 20. Kallsen Terri R sold $193,093 worth of Charles Schwab Corp (NYSE:SCHW) on Friday, July 22.

More important recent Charles Schwab Corp (NYSE:SCHW) news were published by: Nasdaq.com which released: “Charles Schwab Corp (SCHW) President and CEO Walter W Bettinger Sold $–9.4 …” on October 22, 2016, also Forbes.com published article titled: “Ex-Dividend Reminder: Capital One Financial, Charles Schwab and Kemper”, Businesswire.com published: “Charles Schwab Celebrates Military Veterans’ Month With New “Best for Vets …” on November 09, 2016. More interesting news about Charles Schwab Corp (NYSE:SCHW) was released by: Nasdaq.com and their article: “The Charles Schwab Corporation’s Non-Cumulative Perpetual Preferred Stock …” with publication date: November 10, 2016.

SCHW Company Profile

The Charles Schwab Corporation (CSC), incorporated on November 25, 1986, 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 Firm provides financial services to individuals and institutional clients through two divisions: Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services and other corporate brokerage services. The Advisor Services segment provides custodial, trading, and support services as well as retirement business services. The Firm offers a range of products to address individuals’ varying investment and financial needs. The Company’s product offerings include brokerage, mutual funds, exchange-traded funds (ETFs), advice solutions, banking and trust. It offer an array of brokerage accounts with cash management capabilities. The Firm offers third-party mutual funds through the Mutual Fund Marketplace, including no-transaction fee mutual funds through the Mutual Fund OneSource service, which also includes proprietary mutual funds, plus mutual fund trading and clearing services to broker-dealers. CSC offers a range of ETFs, including proprietary and third-party ETFs available without a commission through Schwab ETF OneSource. The Company’s Advice solutions comprises managed portfolios of both proprietary and third-party mutual funds and ETFs, separately managed accounts, customized personal advice for tailored portfolios, and specialized planning and full-time portfolio management. The Company’s Banking services comprise checking and savings accounts, certificates of deposit, first lien residential real estate mortgage loans (First Mortgages), home equity loans and lines of credit (HELOCs) and Pledged Asset Lines (PALs). The Company’s Trust services include trust custody services, personal trust reporting services and administrative trustee services.

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