Were Analysts Bullish The Charles Schwab Corporation (NYSE:SCHW) This Week?

September 16, 2018 - By Yee Bell

The Charles Schwab Corporation (NYSE:SCHW) LogoInvestors sentiment increased to 1.11 in Q2 2018. Its up 0.24, from 0.87 in 2018Q1. It increased, as 46 investors sold The Charles Schwab Corporation shares while 307 reduced holdings. 93 funds opened positions while 300 raised stakes. 1.05 billion shares or 0.22% more from 1.05 billion shares in 2018Q1 were reported.
Washington holds 0% or 128 shares in its portfolio. Stock Yards National Bank has 1.49% invested in The Charles Schwab Corporation (NYSE:SCHW) for 265,310 shares. Zeke Advisors Limited holds 0.11% or 23,700 shares in its portfolio. Weiss Multi holds 90,000 shares. Colony Gru Limited Liability holds 0.02% of its portfolio in The Charles Schwab Corporation (NYSE:SCHW) for 7,309 shares. 9,619 were reported by Capstone Inv Advsrs Lc. Sei Invests Co holds 887,594 shares. Bancshares Of Montreal Can holds 0.04% in The Charles Schwab Corporation (NYSE:SCHW) or 1.05M shares. Hanson Mcclain Inc holds 0% in The Charles Schwab Corporation (NYSE:SCHW) or 404 shares. Farmers & Merchants Investments invested in 0% or 675 shares. Stephens Ar invested in 0.05% or 33,438 shares. Ferguson Wellman Cap reported 5,020 shares. Cadinha And holds 0.3% in The Charles Schwab Corporation (NYSE:SCHW) or 32,344 shares. Los Angeles Capital Mngmt Equity Research has invested 0% in The Charles Schwab Corporation (NYSE:SCHW). Pettee Investors holds 1.18% or 36,528 shares in its portfolio.

Since April 16, 2018, it had 0 insider purchases, and 27 sales for $194.43 million activity. $10.46 million worth of The Charles Schwab Corporation (NYSE:SCHW) was sold by SCHWAB CHARLES R on Tuesday, May 22. $123,209 worth of The Charles Schwab Corporation (NYSE:SCHW) was sold by Goldfarb Mark A. 251,300 shares were sold by Bettinger Walter W, worth $15.01 million. Another trade for 37,330 shares valued at $2.13M was sold by Garfield David R. Chandoha Marie A sold 31,386 shares worth $1.72 million. Clark Bernard J. sold $1.78 million worth of The Charles Schwab Corporation (NYSE:SCHW) on Tuesday, May 22.

The Charles Schwab Corporation (NYSE:SCHW) Ratings Coverage

Among 9 analysts covering Charles Schwab (NYSE:SCHW), 3 have Buy rating, 1 Sell and 5 Hold. Therefore 33% are positive. Charles Schwab had 16 analyst reports since April 6, 2018 according to SRatingsIntel. The firm earned “Outperform” rating on Tuesday, April 17 by Credit Suisse. Morgan Stanley maintained The Charles Schwab Corporation (NYSE:SCHW) rating on Wednesday, April 25. Morgan Stanley has “Overweight” rating and $63 target. As per Monday, April 23, the company rating was maintained by Credit Suisse. The firm earned “Buy” rating on Tuesday, April 10 by Jefferies. The stock of The Charles Schwab Corporation (NYSE:SCHW) earned “Overweight” rating by Morgan Stanley on Tuesday, April 10. Deutsche Bank maintained it with “Hold” rating and $55 target in Tuesday, April 17 report. The stock of The Charles Schwab Corporation (NYSE:SCHW) earned “Buy” rating by Credit Suisse on Wednesday, April 11. On Wednesday, July 25 the stock rating was maintained by Morgan Stanley with “Overweight”. Deutsche Bank maintained the shares of SCHW in report on Friday, April 6 with “Hold” rating. The stock of The Charles Schwab Corporation (NYSE:SCHW) earned “Buy” rating by Jefferies on Friday, April 20. Below is a list of The Charles Schwab Corporation (NYSE:SCHW) latest ratings and price target changes.

25/07/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $63 New Target: $65 Maintain
23/07/2018 Broker: Citigroup Old Rating: Sell New Rating: Sell Old Target: $49 New Target: $48 Maintain
18/07/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Market Perform Old Target: $54 New Target: $56 Maintain
21/06/2018 Broker: Credit Suisse Rating: Hold New Target: $61.0000 Downgrade
05/06/2018 Broker: Compass Point Rating: Neutral New Target: $60 Initiates Coverage On
25/04/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $65 New Target: $63 Maintain
23/04/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $62 New Target: $61 Maintain
20/04/2018 Broker: Jefferies Rating: Buy New Target: $65.0000 Maintain
17/04/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $60 New Target: $62 Maintain
17/04/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $54 New Target: $55 Maintain

The stock increased 1.47% or $0.74 during the last trading session, reaching $51.16. About 4.53 million shares traded. The Charles Schwab Corporation (NYSE:SCHW) has risen 27.28% since September 16, 2017 and is uptrending. It has outperformed by 11.66% the S&P500.

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company has market cap of $69.12 billion. The firm operates through two divisions, Investor Services and Advisor Services. It has a 25.96 P/E ratio. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; and stock plan services, compliance solutions, and mutual fund clearing services, as well as engages in the off-platform sales business.

The Charles Schwab Corporation (NYSE:SCHW) Institutional Positions Chart

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