Charles Schwab Corp (SCHW) was Reiterated by Barclays to “Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 34 from a previous price target of $29 . Barclays advised their investors in a research report released on Aug 9, 2016.
On the company’s financial health, Charles Schwab Corp reported $0.30 EPS for the quarter, based on the information available during the earnings call on Jul 18, 2016. Analyst had a consensus estimate of $0.30. The company had revenue of $1828.00 million for the quarter, compared to analysts expectations of $1796.25 million. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.
Charles Schwab Corp opened for trading at $30 and hit $30.2 on the upside on Monday, eventually ending the session at $30.06, with a gain of 0.43% or 0.13 points. The heightened volatility saw the trading volume jump to 92,75,861 shares. Company has a market cap of $39,730 M.
In a different news, on Aug 8, 2016, Nigel J Murtagh (EVP – Corporate Risk) sold 2,500 shares at $29.72 per share price. According to the SEC, on Jul 25, 2016, Terri R Kallsen (EVP – Investor Services) sold 6,894 shares at $28.01 per share price. On May 31, 2016, John K Jr Adams (director) purchased 4,900 shares at $30.61 per share price, according to the Form-4 filing with the securities and exchange commission.
The Charles Schwab Corporation (CSC) is a savings and loan holding company. Through its subsidiaries the Company engages in wealth management securities brokerage banking money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services to individual investors retirement plan services and corporate brokerage services. The Advisor Services segment provides custodial trading and support services to independent investment advisors (IAs) and retirement business services to independent retirement plan advisors and record keepers. The Company offers a range of products to address individuals’ varying investment and financial needs. Its product offerings include brokerage mutual funds exchange-traded funds (ETFs) advice solutions banking and trust.