Charles Schwab Receives a Buy from KBW

By Jason Carr

KBW analyst Kyle Voigt reiterated a Buy rating on Charles Schwab (NYSE: SCHW) yesterday and set a price target of $47. The company’s shares closed yesterday at $40.21.

According to, Voigt is a 4-star analyst with an average return of 13.1% and a 75.7% 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 Moderate Buy and the average price target is $48, representing a 19.4% upside.

In a report released yesterday, Jefferies also reiterated a Buy rating on the stock with a $49 price target.

The company has a one year high of $44.10 and a one year low of $29.86. Currently, Charles Schwab has an average volume of 6.38M.

Based on the recent corporate insider activity of 124 insiders, corporate insider sentiment is negative on the stock. Most recently, in July 2017, Joseph Martinetto, the Senior EVP and CFO of SCHW sold 115,642 shares for a total of $4,868,528.

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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.