Stocks of Charles Schwab Corp. (NYSE:SCHW) traded higher last session on Wall Street, down -0.10% to $72.27.
SCHW stock price is now -1.52% away from the 50-day moving average and 13.56% away from the 200-day moving average. The market capitalization of the company currently stands at $128.44B.
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With the price target maintained at $87, TD Cowen recently Upgraded its rating from Market Perform to Outperform for Charles Schwab Corp. (NYSE: SCHW). On January 18, 2024, Keefe Bruyette Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock reducing its target price from $75 to quote $70, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, Schwab-Pomerantz Carolyn, Director sold 9,000 shares of the company’s stock on May 20 ’24. The stock was sold for $705,727 at an average price of $78.41. Upon completion of the transaction, the Director now directly owns 574,257 shares in the company, valued at $41.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15 ’24, Co-Chairman Schwab Charles R. sold 58,065 shares of the business’s stock. A total of $4,533,709 was realized by selling the stock at an average price of $78.08. This leaves the insider owning 60,683,471 shares of the company worth $4.39 billion. A total of 5.87% of the company’s stock is owned by insiders.
During the past 12 months, Charles Schwab Corp. has had a low of $48.66 and a high of $79.49. According to the stock market information, the enterprise value for the company is $140705202176, which is based on a 30.25 price-to-earnings ratio, a 2.07 price-to-earnings-growth ratio, and a beta of 0.95. The fifty day moving average price for SCHW is $73.5014 and a two-hundred day moving average price translates $63.67765 for the stock.
The latest earnings results from Charles Schwab Corp. (NYSE: SCHW) was released for 2024-03-31. The net profit margin was 17.05% and return on equity was 12.26% for SCHW. The company reported revenue of $4.74 billion for the quarter, compared to $5.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.35 percent.
Charles Schwab Corp.(SCHW) Company Profile
The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services. It offers brokerage accounts with equity and fixed income trading, margin lending, options trading, futures and forex trading, and cash management capabilities, including certificates of deposit; third-party mutual funds through the Mutual Fund Marketplace and Mutual Fund OneSource service, as well as mutual fund trading and clearing services to broker-dealers; exchange-traded funds; advisory solutions for managed portfolios, separately managed accounts, customized personal advice for tailored portfolios, specialized planning, and full-time portfolio management; banking products comprising checking and savings accounts, first lien residential real estate mortgage loans, home equity lines of credit, and pledged asset lines; and trust custody services, personal trust reporting services, and administrative trustee services. It also provides digital retirement calculators; integrated web-, mobile-, and software-based trading platforms, real-time market data, options trading, premium research, and multi-channel access; self-service education and support tools; online research and analysis tools; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; retirement plan services; mutual fund clearing services; and advisor services, including interactive tools and educational content. The Company operates through branch offices. The Charles Schwab Corporation was incorporated in 1971 and is headquartered in Westlake, Texas.
