Charles Schwab Corp. (NYSE:SCHW): A Fundamentally Weighted Stock for Long-Term Investors

The stock of Charles Schwab Corp. (NYSE:SCHW) last traded at $78.78, up 0.95% from the previous session.

SCHW stock price is now 8.77% away from the 50-day moving average and 24.33% away from the 200-day moving average. The market capitalization of the company currently stands at $140.01B.

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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, Schwab Charles R., Co-Chairman sold 58,065 shares of the company’s stock on May 15 ’24. The stock was sold for $4,533,709 at an average price of $78.08. Upon completion of the transaction, the Co-Chairman now directly owns 60,683,471 shares in the company, valued at $4.78 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On May 14 ’24, Co-Chairman Schwab Charles R. sold 65,360 shares of the business’s stock. A total of $5,025,700 was realized by selling the stock at an average price of $76.89. This leaves the insider owning 60,741,536 shares of the company worth $4.79 billion. A total of 5.89% of the company’s stock is owned by insiders.

During the past 12 months, Charles Schwab Corp. has had a low of $48.66 and a high of $78.79.

According to the Capital Markets Company, earnings per share came in at 0.75, beating analysts’ expectations of 0.71 by 0.04. This compares to $0.83 EPS in the same period last year. The net profit margin was 17.05% and return on equity was 12.26% for SCHW. The company reported revenue of $4.74 billion for the quarter, compared to $5.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.35 percent. For the current quarter, analysts expect SCHW to generate $4.89B in revenue.

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