Monday, 2 October 2023

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Charles Schwab (SCHW) Receives a Hold from Barclays – TipRanks Financial Blog

Charles Schwab stock ready to put 2022 behind it, time to buy, Barron's says

In a report released today, Benjamin Budish from Barclays maintained a Hold rating on Charles Schwab (SCHWResearch Report), with a price target of $64.00. The company’s shares closed last Friday at $58.22.

Budish covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Marketaxess Holdings, and Cboe Global Markets. According to TipRanks, Budish has an average return of 14.5% and a 72.86% success rate on recommended stocks.

Currently, the analyst consensus on Charles Schwab is a Strong Buy with an average price target of $73.40.

See the top stocks recommended by analysts >>

Based on Charles Schwab’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.66 billion and a net profit of $1.84 billion. In comparison, last year the company earned a revenue of $5.09 billion and had a net profit of $2.25 billion

Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is neutral on the stock. Most recently, in July 2023, Charles Schwab, the Co-Chairman of SCHW bought 72,047.00 shares for a total of $1,665,726.64.

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.

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.

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