The price of Charles Schwab Corp (NYSE:SCHW) shares last traded on Wall Street fell -0.23% to $73.84.
SCHW stock price is now -4.13% away from the 50-day moving average and 3.35% away from the 200-day moving average. The market capitalization of the company currently stands at $135.17B.
With the price target enhanced from $74 to $95, Barclays Upgraded its rating from Equal Weight to Overweight for Charles Schwab Corp (NYSE: SCHW). On September 12, 2024, Wells Fargo recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $70, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, Schwab-Pomerantz Carolyn, Director bought 72,000 shares of the company’s stock on Jan 02 ’25. The stock was bought for $5,318,640 at an average price of $73.87. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, Director Schwab-Pomerantz Carolyn sold 9,000 shares of the business’s stock. A total of $713,535 was realized by selling the stock at an average price of $79.28. This leaves the insider owning 544,129 shares of the company worth $40.18 million. 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 $59.67 and a high of $83.35. According to the stock market information, the enterprise value for the company is $140192235520, which is based on a 28.86 price-to-earnings ratio, a 1.40 price-to-earnings-growth ratio, and a beta of 0.98. The fifty day moving average price for SCHW is $77.0234 and a two-hundred day moving average price translates $71.4469 for the stock.
The latest earnings results from Charles Schwab Corp (NYSE: SCHW) was released for 2024-09-30. The net profit margin was 18.28% and return on equity was 12.11% 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.
