In a report released today, Christopher Harris from Wells Fargo maintained a Hold rating on Charles Schwab (SCHW). The company’s shares closed last Friday at $33.60.
According to TipRanks.com, Harris is a 5-star analyst with an average return of 6.6% and a 61.2% success rate. Harris covers the Financial sector, focusing on stocks such as BrightSphere Investment Group, Intercontinental Exchange, and Raymond James Financial.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Charles Schwab with a $41.17 average price target, which is a 20.8% upside from current levels. In a report issued on March 25, Barclays also maintained a Hold rating on the stock with a $33.00 price target.
See today’s analyst top recommended stocks >>
Based on Charles Schwab’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.61 billion and net profit of $852 million. In comparison, last year the company earned revenue of $2.67 billion and had a net profit of $935 million.
Based on the recent corporate insider activity of 93 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.
