The stock of Charles Schwab Corp. (NYSE:SCHW) last traded at $65.10, up 0.26% from the previous session.
SCHW stock price is now -3.63% away from the 50-day moving average and -4.28% away from the 200-day moving average. The market capitalization of the company currently stands at $115.78B.
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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, TD Luxembourg International Ho, insider bought 20,250,000 shares of the company’s stock on Aug 21 ’24. The stock was bought for $1,313,010,000 at an average price of $64.84. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15 ’24, Director Schwab-Pomerantz Carolyn sold 12,320 shares of the business’s stock. A total of $802,005 was realized by selling the stock at an average price of $65.10. This leaves the insider owning 562,129 shares of the company worth $36.59 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 $139803951104, which is based on a 27.05 price-to-earnings ratio, a 2.08 price-to-earnings-growth ratio, and a beta of 0.97. The fifty day moving average price for SCHW is $67.399 and a two-hundred day moving average price translates $68.06635 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. For the current quarter, analysts expect SCHW to generate $4.73B in revenue.
