Charles Schwab (SCHW) Receives a Hold from KBW

In a report released yesterday, Kyle Voigt from KBW maintained a Hold rating on Charles Schwab (SCHW – Research Report), with a price target of $76.00. The company’s shares closed yesterday at $74.57.

According to TipRanks, Voigt is a 4-star analyst with an average return of 5.0% and a 66.33% success rate. Voigt covers the Financial sector, focusing on stocks such as Charles Schwab, Nasdaq, and CME Group.

Currently, the analyst consensus on Charles Schwab is a Moderate Buy with an average price target of $80.64, representing an 8.14% upside. In a report released on April 16, Barclays also maintained a Hold rating on the stock with a $75.00 price target.

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 100 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, Peter B. Crawford, the CFO of SCHW bought 5,481.00 shares for a total of $155,879.64.

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.