In yesterday’s Wall Street session, Charles Schwab Corp. (NYSE:SCHW) shares traded at $64.75, up 4.30% from the previous session.
SCHW stock price is now -11.88% away from the 50-day moving average and -2.30% away from the 200-day moving average. The market capitalization of the company currently stands at $115.08B.
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With the price target reduced from $88 to $71, TD Cowen Downgraded its rating from Buy to Hold for Charles Schwab Corp. (NYSE: SCHW). On July 08, 2024, Keefe Bruyette Upgraded its previous ‘Mkt Perform’ rating to ‘Outperform’ on the stock increasing its target price from $76 to quote $84, while ‘TD Cowen’ rates the stock as ‘Outperform’
In other news, Bettinger Walter W, Co-Chairman and CEO bought 25,000 shares of the company’s stock on Jul 17 ’24. The stock was bought for $1,656,500 at an average price of $66.26. Upon completion of the transaction, the Co-Chairman and CEO now directly owns 827,377 shares in the company, valued at $53.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 17 ’24, President Wurster Richard A bought 10,000 shares of the business’s stock. A total of $620,454 was incurred on buying the stock at an average price of $62.05. This leaves the insider owning 144,228 shares of the company worth $9.34 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 $126957330432, which is based on a 26.91 price-to-earnings ratio, a 2.09 price-to-earnings-growth ratio, and a beta of 0.99. The fifty day moving average price for SCHW is $73.2444 and a two-hundred day moving average price translates $66.3439 for the stock.
The latest earnings results from Charles Schwab Corp. (NYSE: SCHW) was released for 2024-06-30. The net profit margin was 17.28% and return on equity was 11.99% for SCHW. The company reported revenue of $4.69 billion for the quarter, compared to $4.66 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.73 percent.
