Charles Schwab (NYSE:SCHW) Change of Rating
Charles Schwab (NYSE:SCHW)’s Neutral rating is no longer valid. Stock analysts at BofA Merrill boosted SCHW’s rating to Buy.
Despite the stock rating upgrade NYSE:SCHW is currently trading 0.00% lower at $31.73 as of 04:22 New York time. Charles Schwab’s stock is down -4.17% over the last 200 days. It has underperformed the S&P 500, which has added 4.02% over the same time period.
Out of 16 analysts covering Charles Schwab, 12 rate it a Buy, 7 indicate a Hold while 1 suggest a Sell. The highest target is $35 and the lowest is $28 according to Thomson/First Call. The 12-month mean target is $31.41, which means downside potential of 1.01% over the current price.
NYSE:SCHW Price Chart & Trend
The stock price of Charles Schwab has declined 4.17% over the last 200 days, and is in very weak down trend. In the last 50 and 100 days, Charles Schwab is up 13.87% and up 7.78%, respectively. Our stocks momentum model is shown on the price chart below.
Theleme Partners Llp had the biggest stake with ownership of 11.91 million shares as of Q2 2015 for 24.84% of the fund’s portfolio. Triple Frond Partners Llc is another quite bullish institutional investor who is having 2.50 million shares of Charles Schwab or 20.85% of their fund’s portfolio. Further, Spo Advisory Corp have 12.79% of their fund’s portfolio invested in the company for 26.18 million shares. The Florida-based fund Sq Advisors Llc disclosed it had acquired a stake worth about 12.75% of the institutional investor’s stock portfolio in Charles Schwab. The New York-based fund Allen Operations Llc is also positive about the stock, possessing 12.03 million shares or 12.26% of their fund’s portfolio.Over the last 6 months, Charles Schwab NYSE:SCHW has seen 1 unique insider buy, and 4 insider selling transactions. The net result was for 5 transactions, worth $18.00 million.
Charles Schwab (NYSE:SCHW) Profile
The Charles Schwab Corporation is a savings and loan holding company. The Company, through its subsidiaries, 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.
Charles Schwab (NYSE:SCHW) closed at $31.73 yesterday. A total of 1,932 shares of the company’s stock traded hands. This is down from average of 7.38 million shares. Charles Schwab has a 52 week low of $21.51 and a 52 week high of $34.52. The company has a market cap of $41.76 billion and a P/E ratio of 27.39.
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