The price of Charles Schwab Corp. (NYSE:SCHW) shares last traded on Wall Street fell -0.76% to $71.36.
SCHW stock price is now 9.92% away from the 50-day moving average and 4.33% away from the 200-day moving average. The market capitalization of the company currently stands at $126.91B.
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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 29,800 shares of the company’s stock on Oct 17 ’24. The stock was sold for $2,150,379 at an average price of $72.16. Upon completion of the transaction, the Director now directly owns 551,329 shares in the company, valued at $39.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 16 ’24, Co-Chairman Schwab Charles R. sold 62,345 shares of the business’s stock. A total of $4,521,484 was realized by selling the stock at an average price of $72.52. This leaves the insider owning 60,619,371 shares of the company worth $4.33 billion. 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 $151255613440, which is based on a 27.87 price-to-earnings ratio, a 1.55 price-to-earnings-growth ratio, and a beta of 0.97. The fifty day moving average price for SCHW is $64.922 and a two-hundred day moving average price translates $68.3993 for the stock.
The latest earnings results from Charles Schwab Corp. (NYSE: SCHW) was released for 2024-09-30. The net profit margin was 18.28% and return on equity was 12.11% for SCHW. The company reported revenue of $4.85 billion for the quarter, compared to $4.61 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.23 percent.
