Stocks of Charles Schwab Corp (NYSE:SCHW) traded higher last session on Wall Street, down -1.51% to $76.76.
SCHW stock price is now 1.00% away from the 50-day moving average and 7.96% away from the 200-day moving average. The market capitalization of the company currently stands at $140.51B.
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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, Schwab-Pomerantz Carolyn, Director sold 9,000 shares of the company’s stock on Dec 16 ’24. The stock was sold for $713,535 at an average price of $79.28. Upon completion of the transaction, the Director now directly owns 544,129 shares in the company, valued at $41.77 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25 ’24, MD, Head of Advisor Services Beatty Jonathan S sold 2,300 shares of the business’s stock. A total of $188,623 was realized by selling the stock at an average price of $82.01. This leaves the insider owning 18,069 shares of the company worth $1.39 million. A total of 5.86% 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 $145537466368, which is based on a 30.00 price-to-earnings ratio, a 1.73 price-to-earnings-growth ratio, and a beta of 0.97. The fifty day moving average price for SCHW is $75.7522 and a two-hundred day moving average price translates $71.0521 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.
