Stocks of Charles Schwab Corp. (NYSE:SCHW) traded higher last session on Wall Street, down -0.92% to $75.38.
SCHW stock price is now 1.31% away from the 50-day moving average and 14.42% away from the 200-day moving average. The market capitalization of the company currently stands at $133.97B.
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With the price target enhanced from $76 to $84, Keefe Bruyette Upgraded its rating from Mkt Perform to Outperform for Charles Schwab Corp. (NYSE: SCHW). On March 22, 2024, TD Cowen Upgraded its previous ‘Market Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $87, while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’
In other news, Schwab-Pomerantz Carolyn, Director sold 9,000 shares of the company’s stock on Jun 20 ’24. The stock was sold for $652,373 at an average price of $72.49. Upon completion of the transaction, the Director now directly owns 570,657 shares in the company, valued at $43.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 12 ’24, MD Head of Advisor Services Clark Bernard J. sold 8,164 shares of the business’s stock. A total of $612,300 was realized by selling the stock at an average price of $75.00. This leaves the insider owning 121,666 shares of the company worth $9.17 million. A total of 5.86% 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 $146390827008, which is based on a 31.55 price-to-earnings ratio, a 2.11 price-to-earnings-growth ratio, and a beta of 0.99. The fifty day moving average price for SCHW is $74.4312 and a two-hundred day moving average price translates $65.9813 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.
