In yesterday’s Wall Street session, Charles Schwab Corp (NYSE:SCHW) shares traded at $80.64, up 0.56% from the previous session.
SCHW stock price is now 17.32% away from the 50-day moving average and 16.34% away from the 200-day moving average. The market capitalization of the company currently stands at $148.44B.
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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, Ruffel Charles A., Director sold 2,998 shares of the company’s stock on Nov 13 ’24. The stock was sold for $235,779 at an average price of $78.65. Upon completion of the transaction, the Director now directly owns 13,498 shares in the company, valued at $1.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14 ’24, Officer Crawford Peter B. bought 15,682 shares of the business’s stock. A total of $1,267,774 was incurred on buying the stock at an average price of $80.84. 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 $55.09 and a high of $82.50. According to the stock market information, the enterprise value for the company is $152640012288, which is based on a 31.52 price-to-earnings ratio, a 1.82 price-to-earnings-growth ratio, and a beta of 0.94. The fifty day moving average price for SCHW is $68.7374 and a two-hundred day moving average price translates $69.3162 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.
