In a report released yesterday, Patrick O’Shaughnessy from Raymond James maintained a Hold rating on Charles Schwab (SCHW). The company’s shares closed last Monday at $38.47.
According to TipRanks.com, O’Shaughnessy is a 5-star analyst with an average return of 12.1% and a 73.6% success rate. O’Shaughnessy covers the Financial sector, focusing on stocks such as AssetMark Financial Holdings, Intercontinental Exchange, and Focus Financial Partners.
Charles Schwab has an analyst consensus of Hold, with a price target consensus of $41.60, an 8.8% upside from current levels. In a report issued on October 7, Merrill Lynch also maintained a Hold rating on the stock with a $40.00 price target.
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The company has a one-year high of $51.65 and a one-year low of $28.00. Currently, Charles Schwab has an average volume of 10.44M.
Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SCHW in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
The Charles Schwab Corp. is a savings and loan holding company, which engages in the provision of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. It operates through the Investor Services and Advisor Services segments. The Investor Services segment includes retail brokerage and banking services to individual investors, and retirement plan services, as well as other corporate brokerage services, to businesses and their employees. The Advisor Services segment provides custodial, trading, retirement business, and support services as well as retirement business services, to independent registered investment advisors, independent retirement advisors, and recordkeepers. The company was founded by Charles R. Schwab in 1986 and is headquartered in San Francisco, CA.
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