Stock of The Day: Could Charles Schwab Corp Go Down After Achieving 52-Week High?

Stock of The Day: Could Charles Schwab Corp Go Down After Achieving 52 Week High?

The stock of Charles Schwab Corp (NYSE:SCHW) hit a new 52-week high and has $55.04 target or 45.00% above today’s $37.96 share price. The 9 months bullish chart indicates low risk for the $50.92B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $55.04 price target is reached, the company will be worth $22.91 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 5.10M shares traded hands. Charles Schwab Corp (NYSE:SCHW) has risen 30.27% since April 19, 2016 and is uptrending. It has outperformed by 26.41% the S&P500.

Charles Schwab Corp (NYSE:SCHW) Ratings Coverage

Out of 14 analysts covering Charles Schwab (NYSE:SCHW), 11 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 79% are positive. Charles Schwab has been the topic of 42 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, January 25 by Nomura. JP Morgan maintained the stock with “Overweight” rating in Thursday, April 14 report. On Wednesday, January 13 the stock rating was downgraded by Bank of America to “Neutral”. Barclays Capital maintained the shares of SCHW in a report on Thursday, October 13 with “Overweight” rating. SunTrust initiated the stock with “Neutral” rating in Wednesday, March 23 report. UBS maintained Charles Schwab Corp (NYSE:SCHW) rating on Friday, October 16. UBS has “Buy” rating and $34 price target. The company was upgraded on Tuesday, October 18 by SunTrust. Barclays Capital maintained Charles Schwab Corp (NYSE:SCHW) rating on Tuesday, August 11. Barclays Capital has “Overweight” rating and $37.0 price target. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, December 8 report. Barclays Capital maintained Charles Schwab Corp (NYSE:SCHW) rating on Wednesday, August 26. Barclays Capital has “Overweight” rating and $35 price target.

According to Zacks Investment Research, “Charles Schwab Corp. provides a full-service investing experience to customers through a clicks and mortar multi-dimensional, five channel offering of the Internet, branch offices, speech recognition, touch-tone telephone, e-mail and wireless technologies, multilingual and international services, and direct access to professionals day or night.”

Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.24, from 1.29 in 2016Q1. The ratio is negative, as 56 funds sold all Charles Schwab Corp shares owned while 214 reduced positions. 74 funds bought stakes while 275 increased positions. They now own 1.00 billion shares or 2.12% less from 1.02 billion shares in 2016Q1.
Suntrust Banks Incorporated holds 0.01% of its portfolio in Charles Schwab Corp (NYSE:SCHW) for 91,122 shares. Edge Wealth Mgmt Limited Liability has 0% invested in the company for 35 shares. Robeco Institutional Asset Mngmt Bv last reported 191,914 shares in the company. Rmb Cap Mgmt Limited Com last reported 238 shares in the company. 1St Source State Bank accumulated 0.05% or 19,069 shares. Wafra Investment Advisory Gru Ny last reported 1.3% of its portfolio in the stock. Moreover, Stephens Ar has 0.08% invested in Charles Schwab Corp (NYSE:SCHW) for 67,943 shares. Moreover, Grantham Mayo Van Otterloo And Limited Liability has 0.01% invested in Charles Schwab Corp (NYSE:SCHW) for 67,447 shares. Massmutual Trust Fsb Adv holds 0% or 5,809 shares in its portfolio. Natixis has 45,195 shares for 0.02% of their US portfolio. Tiaa Cref Invest Management Ltd Liability accumulated 5.78 million shares or 0.11% of the stock. Cap Guardian Trust Comm accumulated 0% or 1,209 shares. Artemis Mgmt Limited Liability Partnership holds 592,279 shares or 0.24% of its portfolio. Evercore Wealth Mgmt Ltd Llc holds 218,339 shares or 0.25% of its portfolio. Jane Street Ltd Co owns 37,405 shares or 0% of their US portfolio.

Insider Transactions: Since May 27, 2016, the stock had 1 insider buy, and 18 insider sales for $92.03 million net activity. Another trade for 6,076 shares valued at $194,432 was sold by Chandoha Marie A. Shares for $149,984 were bought by ADAMS JOHN K JR on Tuesday, May 31. 249,427 shares were sold by MARTINETTO JOSEPH R, worth $8.03 million. SCHWAB CHARLES R had sold 600,000 shares worth $19.97M. $74,303 worth of shares were sold by Murtagh Nigel J on Friday, August 5. Shares for $193,093 were sold by Kallsen Terri R. Bettinger Walter W sold 100,800 shares worth $3.57 million.

More important recent Charles Schwab Corp (NYSE:SCHW) news were published by: Nasdaq.com which released: “Charles Schwab Corp (SCHW) President and CEO Walter W Bettinger Sold $–9.4 …” on October 22, 2016, also Forbes.com published article titled: “Ex-Dividend Reminder: Capital One Financial, Charles Schwab and Kemper”, Businesswire.com published: “Schwab Reports Monthly Activity Highlights” on November 14, 2016. More interesting news about Charles Schwab Corp (NYSE:SCHW) was released by: Businesswire.com and their article: “Schwab Survey Finds Major Differences in How Male and Female Millennials View …” with publication date: November 15, 2016.

SCHW Company Profile

The Charles Schwab Corporation (CSC), incorporated on November 25, 1986, is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Firm provides financial services to individuals and institutional clients through two divisions: Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services and other corporate brokerage services. The Advisor Services segment provides custodial, trading, and support services as well as retirement business services. The Firm offers a range of products to address individuals’ varying investment and financial needs. The Company’s product offerings include brokerage, mutual funds, exchange-traded funds (ETFs), advice solutions, banking and trust. It offer an array of brokerage accounts with cash management capabilities. The Firm offers third-party mutual funds through the Mutual Fund Marketplace, including no-transaction fee mutual funds through the Mutual Fund OneSource service, which also includes proprietary mutual funds, plus mutual fund trading and clearing services to broker-dealers. CSC offers a range of ETFs, including proprietary and third-party ETFs available without a commission through Schwab ETF OneSource. The Company’s Advice solutions comprises managed portfolios of both proprietary and third-party mutual funds and ETFs, separately managed accounts, customized personal advice for tailored portfolios, and specialized planning and full-time portfolio management. The Company’s Banking services comprise checking and savings accounts, certificates of deposit, first lien residential real estate mortgage loans (First Mortgages), home equity loans and lines of credit (HELOCs) and Pledged Asset Lines (PALs). The Company’s Trust services include trust custody services, personal trust reporting services and administrative trustee services.

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