Raymond James analyst Patrick O’Shaughnessy maintained a Hold rating on Charles Schwab (SCHW) today. The company’s shares closed last Tuesday at $59.23, close to its 52-week high of $62.04.
According to TipRanks.com, O’Shaughnessy is a 5-star analyst with an average return of 12.8% and a 73.8% success rate. O’Shaughnessy covers the Financial sector, focusing on stocks such as AssetMark Financial Holdings, Intercontinental Exchange, and Focus Financial Partners.
Currently, the analyst consensus on Charles Schwab is a Moderate Buy with an average price target of $57.82, a -2.4% downside from current levels. In a report issued on January 12, Barclays also maintained a Hold rating on the stock with a $54.00 price target.
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Based on Charles Schwab’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.45 billion and net profit of $698 million. In comparison, last year the company earned revenue of $2.71 billion and had a net profit of $951 million.
Based on the recent corporate insider activity of 99 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.
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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.
