The stock of Charles Schwab Corp. (NYSE:SCHW) last traded at $67.04, up 0.66% from the previous session.
SCHW stock price is now 3.29% away from the 50-day moving average and 11.60% away from the 200-day moving average. The market capitalization of the company currently stands at $118.89B.
With the price target reduced from $75 to $70, Keefe Bruyette Downgraded its rating from Outperform to Mkt Perform for Charles Schwab Corp. (NYSE: SCHW). On January 10, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $75 to quote $70, while ‘TD Cowen’ rates the stock as ‘Market Perform’
In other news, Craig Jonathan M., insider sold 48,751 shares of the company’s stock on Mar 06 ’24. The stock was sold for $3,305,083 at an average price of $67.80. Upon completion of the transaction, the insider now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 06 ’24, Chief Risk Officer Murtagh Nigel J sold 29,991 shares of the business’s stock. A total of $2,033,271 was realized by selling the stock at an average price of $67.80. This leaves the insider owning 81,446 shares of the company worth $5.46 million. A total of 5.94% of the company’s stock is owned by insiders.
During the past 12 months, Charles Schwab Corp. has had a low of $45.65 and a high of $71.40. The fifty day moving average price for SCHW is $64.90 and a two-hundred day moving average price translates $60.14 for the stock.
The latest earnings results from Charles Schwab Corp. (NYSE: SCHW) was released for Dec, 2023. According to the Capital Markets Company, earnings per share came in at $0.68, beating analysts’ expectations of $0.64 by 0.04. This compares to $0.97 EPS in the same period last year. The net profit margin was 18.22% and return on equity was 13.07% for SCHW. The company reported revenue of $4.46 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 -18.88 percent. For the current quarter, analysts expect SCHW to generate $4.72B in revenue.
