Stocks of Charles Schwab Corp. (NYSE:SCHW) traded higher last session on Wall Street, up 1.95% to $73.28.
SCHW stock price is now -0.58% away from the 50-day moving average and 14.87% away from the 200-day moving average. The market capitalization of the company currently stands at $130.24B.
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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, Clark Bernard J., MD Head of Advisor Services sold 77,431 shares of the company’s stock on May 28 ’24. The stock was sold for $5,493,146 at an average price of $70.94. Upon completion of the transaction, the MD Head of Advisor Services now directly owns 121,666 shares in the company, valued at $8.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20 ’24, Director Schwab-Pomerantz Carolyn sold 9,000 shares of the business’s stock. A total of $705,727 was realized by selling the stock at an average price of $78.41. This leaves the insider owning 574,257 shares of the company worth $42.08 million. 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 $142551662592, which is based on a 30.67 price-to-earnings ratio, a 2.10 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for SCHW is $73.7818 and a two-hundred day moving average price translates $63.8532 for the stock.
The latest earnings results from Charles Schwab Corp. (NYSE: SCHW) was released for 2024-03-31. According to the Capital Markets Company, earnings per share came in at 0.75, beating analysts’ expectations of 0.71 by 0.04. This compares to $0.83 EPS in the same period last year. 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. For the current quarter, analysts expect SCHW to generate $4.81B in revenue.
