Barclays Sticks to Their Buy Rating for Charles Schwab (SCHW)
In a report released today, Benjamin Budish from Barclays maintained a Buy rating on Charles Schwab, with a price target of $117.00.
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Budish covers the Financial sector, focusing on stocks such as Robinhood, Charles Schwab, and Coinbase Global. According to TipRanks, Budish has an average return of 10.6% and a 59.43% success rate on recommended stocks.
In addition to Barclays, Charles Schwab also received a Buy from William Blair’s Jeff Schmitt in a report issued yesterday. However, on April 15, Piper Sandler maintained a Hold rating on Charles Schwab (NYSE: SCHW).
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 144 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.
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