Piper Sandler Reaffirms Their Hold Rating on Charles Schwab (SCHW)

In a report released today, Patrick Moley from Piper Sandler maintained a Hold rating on Charles Schwab, with a price target of $105.00.

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According to TipRanks, Moley is a 5-star analyst with an average return of 31.8% and a 71.98% success rate. Moley covers the Financial sector, focusing on stocks such as BGC Group, Robinhood, and Interactive Brokers.

Currently, the analyst consensus on Charles Schwab is a Strong Buy with an average price target of $118.75.

Based on Charles Schwab’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.17 billion and a net profit of $2.46 billion. In comparison, last year the company earned a revenue of $6.65 billion and had a net profit of $1.84 billion

Based on the recent corporate insider activity of 138 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SCHW in relation to earlier this year. Last month, Paul V Woolway, the MD, Chief Banking Officer of SCHW sold 7,942.00 shares for a total of $748,374.66.