Charles Schwab Corp (NYSE:SCHW) shares traded 6.23% higher at $75.75 on Wall Street last session.
SCHW stock price is now 13.26% away from the 50-day moving average and 10.06% away from the 200-day moving average. The market capitalization of the company currently stands at $138.57B.
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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 Charles R., Co-Chairman sold 17,225 shares of the company’s stock on Oct 21 ’24. The stock was sold for $1,221,333 at an average price of $70.90. Upon completion of the transaction, the Co-Chairman now directly owns 60,602,146 shares in the company, valued at $4.59 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 21 ’24, Director Schwab Charles R. bought 17,225 shares of the business’s stock. A total of $1,216,085 was incurred on buying the stock at an average price of $70.60. 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 $53.49 and a high of $79.49. According to the stock market information, the enterprise value for the company is $159286394880, which is based on a 29.59 price-to-earnings ratio, a 1.79 price-to-earnings-growth ratio, and a beta of 0.93. The fifty day moving average price for SCHW is $66.6426 and a two-hundred day moving average price translates $68.7698 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.
