TD Cowen upgrades Charles Schwab (SCHW) to a Buy

Charles Schwab (SCHW – Research Report) received a Buy rating and an $87.00 price target from TD Cowen analyst William Katz today. The company’s shares closed yesterday at $71.85.

Katz covers the Financial sector, focusing on stocks such as Apollo Global Management, LPL Financial, and Affiliated Managers. According to TipRanks, Katz has an average return of 12.3% and a 62.37% success rate on recommended stocks.

In addition to TD Cowen, Charles Schwab also received a Buy from Deutsche Bank’s Brian Bedell in a report issued on March 19. However, on March 14, Barclays assigned a Hold rating to Charles Schwab (NYSE: SCHW).

Based on Charles Schwab’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.46 billion and a net profit of $1.17 billion. In comparison, last year the company earned a revenue of $5.5 billion and had a net profit of $2.23 billion

Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SCHW in relation to earlier this year. Last month, Charles Schwab, the Co-Chairman of SCHW bought 71,226.00 shares for a total of $1,841,904.36.

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.

Charles Schwab (SCHW) Company Description:

Founded in 1986, The Charles Schwab Corp. is a savings and loan holding company, which provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. It primarily operates through two segments, Investor Services and Advisor Services. The company is based in San Francisco, California.