In yesterday’s Wall Street session, Charles Schwab Corp (NYSE:SCHW) shares traded at $81.26, up 0.57% from the previous session.
SCHW stock price is now 15.18% away from the 50-day moving average and 16.46% away from the 200-day moving average. The market capitalization of the company currently stands at $149.60B.
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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, Murtagh Nigel J, Officer bought 12,739 shares of the company’s stock on Nov 22 ’24. The stock was bought for $1,033,972 at an average price of $81.17. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18 ’24, Director DODDS CHRISTOPHER V sold 9,284 shares of the business’s stock. A total of $755,981 was realized by selling the stock at an average price of $81.43. This leaves the insider owning 442,807 shares of the company worth $35.98 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 $55.42 and a high of $82.50. According to the stock market information, the enterprise value for the company is $153774964736, which is based on a 31.76 price-to-earnings ratio, a 1.83 price-to-earnings-growth ratio, and a beta of 0.95. The fifty day moving average price for SCHW is $70.5526 and a two-hundred day moving average price translates $69.7762 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.
