KBW Keeps Their Buy Rating on Charles Schwab

By Austin Angelo

In a report issued on June 14, Kyle Voigt from KBW reiterated a Buy rating on Charles Schwab (NYSE: SCHW), with a price target of $46. The company’s shares closed yesterday at $42.12, close to its 52-week high of $43.65.

According to TipRanks.com, Voigt is a 5-star analyst with an average return of 21.6% and a 96.3% success rate. Voigt covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Gain Capital Holdings, and Marketaxess Holdings.

Currently, the analyst consensus on Charles Schwab is Strong Buy and the average price target is $46.67, representing a 10.8% upside.

In a report issued on May 30, Jefferies also reiterated a Buy rating on the stock with a $48 price target.

Charles Schwab’s market cap is currently $56.31B and has a P/E ratio of 30.09. The company has a book value ratio of 3.9657.

Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SCHW in relation to earlier this year. Most recently, in April 2017, Charles Schwab, the Chairman of SCHW sold 300,000 shares for a total of $12,075,000.

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.

The Charles Schwab Corp. is a holding company, which engages in the provision of financial services. It operates through the Investor Services and Advisor Services segments. The Investor Services segment includes retail and corporate brokerage and retirement plan services. The Advisor Services segment offers custodial, trading, retirement business, and support services. The company was founded by Charles R. Schwab in 1986 and is headquartered in San Francisco, CA.