Charles Schwab (SCHW) Gets a Hold Rating from Wells Fargo


Wells Fargo analyst Christopher Harris maintained a Hold rating on Charles Schwab (SCHW) today. The company’s shares closed last Monday at $39.74.

According to TipRanks.com, Harris is a 4-star analyst with an average return of 8.8% and a 63.9% success rate. Harris covers the Financial sector, focusing on stocks such as BrightSphere Investment Group plc, Intercontinental Exchange, and Cboe Global Markets Inc.

Currently, the analyst consensus on Charles Schwab is a Hold with an average price target of $41.22, implying a 5.8% upside from current levels. In a report issued on October 1, Citigroup also maintained a Hold rating on the stock with a $41.50 price target.

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The company has a one-year high of $49.24 and a one-year low of $34.58. Currently, Charles Schwab has an average volume of 10.03M.

Based on the recent corporate insider activity of 88 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.

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