In yesterday’s Wall Street session, Charles Schwab Corp (NYSE:SCHW) shares traded at $82.32, up 0.99% from the previous session.
SCHW stock price is now 10.64% 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 $150.69B.
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With the price target enhanced from $74 to $95, Barclays Upgraded its rating from Equal Weight to Overweight for Charles Schwab Corp (NYSE: SCHW). On September 12, 2024, Wells Fargo recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $70, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, Beatty Jonathan S, MD, Head of Advisor Services sold 2,300 shares of the company’s stock on Nov 25 ’24. The stock was sold for $188,623 at an average price of $82.01. Upon completion of the transaction, the MD, Head of Advisor Services now directly owns 18,069 shares in the company, valued at $1.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22 ’24, Chief Risk Officer Murtagh Nigel J sold 12,739 shares of the business’s stock. A total of $1,033,972 was realized by selling the stock at an average price of $81.17. This leaves the insider owning 59,092 shares of the company worth $4.86 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 $59.67 and a high of $83.35. According to the stock market information, the enterprise value for the company is $155715354624, which is based on a 32.18 price-to-earnings ratio, a 1.86 price-to-earnings-growth ratio, and a beta of 0.97. The fifty day moving average price for SCHW is $74.0554 and a two-hundred day moving average price translates $70.67005 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.
