According to TipRanks.com, O’Shaughnessy is a 5-star analyst with an average return of 10.4% and a 69.3% success rate. O’Shaughnessy covers the Financial sector, focusing on stocks such as AssetMark Financial Holdings, Intercontinental Exchange, and Focus Financial Partners.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Charles Schwab with a $82.79 average price target, representing a 19.4% upside. In a report issued on July 8, Goldman Sachs also downgraded the stock to Hold with a $76.00 price target.
Based on Charles Schwab’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.53 billion and net profit of $1.27 billion. In comparison, last year the company earned revenue of $2.45 billion and had a net profit of $671 million.
Based on the recent corporate insider activity of 149 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. Most recently, in May 2021, William Haraf, a Director at SCHW sold 7,835 shares for a total of $579,398.
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.
Founded in 1986, The Charles Schwab Corp. is a savings and loan holding company, which provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. It primarily operates through two segments, Investor Services and Advisor Services. The company is based in San Francisco, California.