Stocks of Charles Schwab Corp. (NYSE:SCHW) traded higher last session on Wall Street, up 1.55% to $67.68.
SCHW stock price is now 5.60% away from the 50-day moving average and -0.97% away from the 200-day moving average. The market capitalization of the company currently stands at $120.36B.
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With the price target of $70, Wells Fargo recently initiated with Equal Weight rating for Charles Schwab Corp. (NYSE: SCHW). On July 29, 2024, Piper Sandler Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $80 to quote $64, while ‘TD Cowen’ rates the stock as ‘Hold’
In other news, Schwab-Pomerantz Carolyn, Director sold 9,000 shares of the company’s stock on Sep 17 ’24. The stock was sold for $576,454 at an average price of $64.05. Upon completion of the transaction, the Director now directly owns 554,929 shares in the company, valued at $37.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 21 ’24, TD Luxembourg International Ho bought 20,250,000 shares of the business’s stock. A total of $1,313,010,000 was incurred on buying the stock at an average price of $64.84. 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 $144523640832, which is based on a 28.12 price-to-earnings ratio, a 1.56 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for SCHW is $64.089 and a two-hundred day moving average price translates $68.3425 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.
