Truist Financial Reaffirms Their Buy Rating on Charles Schwab (SCHW)

In a report released today, David Smith -CFA from Truist Financial reiterated a Buy rating on Charles Schwab, with a price target of $120.00.

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According to TipRanks, Smith -CFA is a 4-star analyst with an average return of 11.7% and a 77.36% success rate. Smith -CFA covers the Financial sector, focusing on stocks such as Robinhood, Charles Schwab, and Webster Financial.

In addition to Truist Financial, Charles Schwab also received a Buy from KBW’s Christopher Allen in a report issued today. 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, Stephen Ellis, a Director at SCHW sold 10,725.00 shares for a total of $1,035,606.00.