Charles Schwab Corp (NYSE:SCHW) shares traded 0.44% higher at $82.06 on Wall Street last session.
SCHW stock price is now 4.74% away from the 50-day moving average and 14.09% away from the 200-day moving average. The market capitalization of the company currently stands at $150.22B.
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With the price target enhanced from $89 to $93, Wells Fargo Upgraded its rating from Equal Weight to Overweight for Charles Schwab Corp (NYSE: SCHW). On December 09, 2024, Barclays Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $74 to quote $95, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, SARIN ARUN, Director sold 8,548 shares of the company’s stock on Jan 23 ’25. The stock was sold for $699,406 at an average price of $81.82. Upon completion of the transaction, the Director now directly owns 18,617 shares in the company, valued at $1.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 22 ’25, General Counsel Morgan Peter J. III sold 14,643 shares of the business’s stock. A total of $1,181,709 was realized by selling the stock at an average price of $80.70. 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 $61.01 and a high of $83.35. According to the stock market information, the enterprise value for the company is $153170886656, which is based on a 27.47 price-to-earnings ratio, a 1.21 price-to-earnings-growth ratio, and a beta of 0.99. The fifty day moving average price for SCHW is $78.3446 and a two-hundred day moving average price translates $71.92635 for the stock.
The latest earnings results from Charles Schwab Corp (NYSE: SCHW) was released for 2024-09-30. The net profit margin was 21.07% and return on equity was 13.30% 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.
