In yesterday’s Wall Street session, Charles Schwab Corp. (NYSE:SCHW) shares traded at $72.34, down -0.06% from the previous session.
SCHW stock price is now 10.29% away from the 50-day moving average and 19.02% away from the 200-day moving average. The market capitalization of the company currently stands at $128.29B.
With the price target maintained at $87, TD Cowen recently Upgraded its rating from Market Perform to Outperform for Charles Schwab Corp. (NYSE: SCHW). On January 18, 2024, Keefe Bruyette Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock reducing its target price from $75 to quote $70, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, ADAMS JOHN K JR, Director sold 15,701 shares of the company’s stock on Mar 22 ’24. The stock was sold for $1,140,539 at an average price of $72.64. Upon completion of the transaction, the Director now directly owns 44,451 shares in the company, valued at $3.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 21 ’24, Chief Risk Officer Murtagh Nigel J sold 12,948 shares of the business’s stock. A total of $906,686 was realized by selling the stock at an average price of $70.03. This leaves the insider owning 81,446 shares of the company worth $5.89 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 $72.94. The fifty day moving average price for SCHW is $65.77 and a two-hundred day moving average price translates $60.87 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.
