The price of Charles Schwab Corp. (NYSE:SCHW) shares last traded on Wall Street rose 0.86% to $64.57.
Based on available information, 21 analysts follow Charles Schwab Corp. (NYSE:SCHW). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $85.00 and a low of $52.00, we find $69.50. Given the previous closing price of $64.02, this indicates a potential upside of 8.56 percent. SCHW stock price is now 17.57% away from the 50-day moving average and 13.58% away from the 200-day moving average. The market capitalization of the company currently stands at $114.45B.
Among analysts, 3 rate the stock a hold while 14 rate it a buy. Brokers who have rated the stock have averaged $68.17 as their price target over the next twelve months.
With the price target of $52, Redburn Atlantic recently initiated with Sell rating for Charles Schwab Corp. (NYSE: SCHW).
In other news, Schwab-Pomerantz Carolyn, Director sold 12,208 shares of the company’s stock on Nov 30. The stock was sold for $748,109 at an average price of $61.28. Upon completion of the transaction, the Director now directly owns 1,722,400 shares in the company, valued at $111.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 30, General Counsel Morgan Peter J. III sold 7,162 shares of the business’s stock. A total of $434,875 was realized by selling the stock at an average price of $60.72. Insiders disposed of 8,474,932 shares of company stock worth roughly $547.23 million over the past 1 year. A total of 6.31% of the company’s stock is owned by insiders.
A candlestick chart of Charles Schwab Corp. (NYSE: SCHW) showed a price of $64.03 on Tuesday morning. During the past 12 months, Charles Schwab Corp. has had a low of $45.00 and a high of $86.63. The fifty day moving average price for SCHW is $54.92 and a two-hundred day moving average price translates $56.85 for the stock.
The latest earnings results from Charles Schwab Corp. (NYSE: SCHW) was released for Sep, 2023. According to the Capital Markets Company, earnings per share came in at $0.77, beating analysts’ expectations of $0.74 by 0.03. This compares to $0.99 EPS in the same period last year. The net profit margin was 21.71% and return on equity was 16.01% for SCHW. The company reported revenue of $4.61 billion for the quarter, compared to $5.5 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.25 percent. For the current quarter, analysts expect SCHW to generate $4.67B in revenue.
Charles Schwab Corp.(SCHW) Company Profile
The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. It offers brokerage accounts with equity and fixed income trading, margin lending, options trading, futures and forex trading, and cash management capabilities, including certificates of deposit; third-party mutual funds through the Mutual Fund Marketplace and Mutual Fund OneSource service, as well as mutual fund trading and clearing services to broker-dealers; exchange-traded funds; advisory solutions for managed portfolios, separately managed accounts, customized personal advice for tailored portfolios, specialized planning, and full-time portfolio management; banking products comprising checking and savings accounts, first lien residential real estate mortgage loans, home equity lines of credit, and pledged asset lines; and trust custody services, personal trust reporting services, and administrative trustee services. It also provides digital retirement calculators; integrated web-, mobile-, and software-based trading platforms, real-time market data, options trading, premium research, and multi-channel access; self-service education and support tools; online research and analysis tools; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retirement plan services. The Company operates domestic branch offices in 48 states and the District of Columbia, as well as locations in Puerto Rico, the United Kingdom, Hong Kong, and Singapore. The Charles Schwab Corporation was founded in 1971 and is headquartered in Westlake, Texas.
