The stock of Charles Schwab Corp (NYSE:SCHW) hit a new 52-week high and has $41.97 target or 8.00% above today’s $38.86 share price. The 9 months bullish chart indicates low risk for the $51.66B company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $41.97 price target is reached, the company will be worth $4.13B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.03M shares traded hands. Charles Schwab Corp (NYSE:SCHW) has risen 28.63% since April 27, 2016 and is uptrending. It has outperformed by 23.40% the S&P500.
Analysts await Charles Schwab Corp (NYSE:SCHW) to report earnings on January, 17. They expect $0.35 earnings per share, up 40.00% or $0.10 from last year’s $0.25 per share. SCHW’s profit will be $465.29 million for 27.76 P/E if the $0.35 EPS becomes a reality. After $0.34 actual earnings per share reported by Charles Schwab Corp for the previous quarter, Wall Street now forecasts 2.94% EPS growth.
Charles Schwab Corp (NYSE:SCHW) Ratings Coverage
Out of 14 analysts covering Charles Schwab (NYSE:SCHW), 12 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 86% are positive. $39.0 is the highest target while $28 is the lowest. The $33.94 average target is -12.66% below today’s ($38.86) stock price. Charles Schwab has been the topic of 43 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock with “Overweight” rating in Thursday, October 13 report. The stock of Charles Schwab Corp (NYSE:SCHW) has “Buy” rating given on Monday, July 18 by Deutsche Bank. The stock of Charles Schwab Corp (NYSE:SCHW) has “Buy” rating given on Friday, September 18 by Deutsche Bank. Barclays Capital maintained Charles Schwab Corp (NYSE:SCHW) on Wednesday, August 26 with “Overweight” rating. On Tuesday, October 18 the stock rating was upgraded by SunTrust to “Buy”. Jefferies maintained the shares of SCHW in a report on Thursday, April 7 with “Buy” rating. Deutsche Bank maintained the shares of SCHW in a report on Thursday, March 17 with “Buy” rating. The firm has “Buy” rating given on Friday, January 8 by Deutsche Bank. Barclays Capital maintained it with “Overweight” rating and $38 target price in Tuesday, December 8 report. The company was maintained on Thursday, June 16 by Deutsche Bank.
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 2016 Q2. Its down 0.24, from 1.29 in 2016Q1. The ratio dropped, 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.
Bluecrest Capital Mgmt has invested 0.01% of its portfolio in Charles Schwab Corp (NYSE:SCHW). Keybank Natl Association Oh accumulated 190,494 shares or 0.03% of the stock. Advantus Capital Mgmt Inc owns 119,047 shares or 0.08% of their US portfolio. Employees Retirement Of Texas accumulated 0.16% or 448,900 shares. Quantitative Invest Ltd Liability Corporation last reported 168,900 shares in the company. Sol Cap Mngmt Communication holds 46,446 shares or 0.39% of its portfolio. Moreover, Karpas Strategies Limited Liability Co has 3.43% invested in Charles Schwab Corp (NYSE:SCHW) for 271,355 shares. Dodge And Cox, a California-based fund reported 102.93 million shares. Lazard Asset Management Lc holds 9.11M shares or 0.53% of its portfolio. The New York-based Central Secs has invested 1.24% in Charles Schwab Corp (NYSE:SCHW). Wellington Mgmt Group Limited Liability Partnership has 0% invested in the company for 29,401 shares. Teachers Advsr Inc has 2.56M shares for 0.11% of their US portfolio. Spo Advisory has invested 9.49% of its portfolio in Charles Schwab Corp (NYSE:SCHW). Trillium Asset Management Ltd Llc holds 0.58% of its portfolio in Charles Schwab Corp (NYSE:SCHW) for 348,499 shares. Credit Agricole S A holds 0.03% or 286,342 shares in its portfolio.
Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 22 insider sales for $97.36 million net activity. SCHWAB CHARLES R also sold $616,133 worth of Charles Schwab Corp (NYSE:SCHW) shares. $194,432 worth of Charles Schwab Corp (NYSE:SCHW) was sold by Chandoha Marie A. ADAMS JOHN K JR also bought $149,984 worth of Charles Schwab Corp (NYSE:SCHW) shares. Kallsen Terri R sold 8,509 shares worth $267,213. Another trade for 100,800 shares valued at $3.57 million was made by Bettinger Walter W on Thursday, November 10. 13,000 Charles Schwab Corp (NYSE:SCHW) shares with value of $504,665 were sold by Murtagh Nigel J. The insider SARIN ARUN sold $385,974.
More recent Charles Schwab Corp (NYSE:SCHW) news were published by: Investorplace.com which released: “Trade of the Day: Charles Schwab Corp (SCHW) Earnings Keep On Growing” on November 01, 2016. Also Barrons.com published the news titled: “Charles Schwab-LPL Deal Unlikely” on November 22, 2016. Forbes.com‘s news article titled: “Ex-Dividend Reminder: Capital One Financial, Charles Schwab and Kemper” with publication date: November 07, 2016 was also an interesting one.
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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