Charles Schwab Corp. (NYSE:SCHW) shares traded 1.17% higher at $62.49 on Wall Street last session.
SCHW stock price is now -10.51% away from the 50-day moving average and -7.11% away from the 200-day moving average. The market capitalization of the company currently stands at $111.06B.
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With the price target reduced from $80 to $64, Piper Sandler Downgraded its rating from Overweight to Neutral for Charles Schwab Corp. (NYSE: SCHW). On July 17, 2024, TD Cowen Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $88 to quote $71, while ‘Keefe Bruyette’ rates the stock as ‘Outperform’
In other news, Woolway Paul V, Officer bought 3,405 shares of the company’s stock on Aug 01 ’24. The stock was bought for $224,770 at an average price of $66.01. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 01 ’24, MD, Chief Banking Officer Woolway Paul V sold 1,150 shares of the business’s stock. A total of $74,980 was realized by selling the stock at an average price of $65.20. This leaves the insider owning 61,887 shares of the company worth $3.87 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 $135029374976, which is based on a 25.97 price-to-earnings ratio, a 2.02 price-to-earnings-growth ratio, and a beta of 0.97. The fifty day moving average price for SCHW is $69.616 and a two-hundred day moving average price translates $67.3364 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 12.00% 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.
