Charles Schwab (SCHW) Receives a Rating Update from a Top Analyst

JMP Securities analyst Devin Ryan reiterated a Buy rating on Charles Schwab (SCHW – Research Report) today and set a price target of $80.00. The company’s shares closed yesterday at $71.23.

According to TipRanks, Ryan is a top 100 analyst with an average return of 21.0% and a 67.54% success rate. Ryan covers the Financial sector, focusing on stocks such as Coinbase Global, LPL Financial, and Raymond James Financial.

In addition to JMP Securities, Charles Schwab also received a Buy from J.P. Morgan’s Ken Worthington in a report issued yesterday. However, on April 11, Citi maintained a Hold rating on Charles Schwab (NYSE: SCHW).

The company has a one-year high of $72.97 and a one-year low of $44.85. Currently, Charles Schwab has an average volume of 7.49M.

Based on the recent corporate insider activity of 80 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, Stephen Ellis, a Director at SCHW bought 2,165.00 shares for a total of $59,429.25.

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.