Stocks of Charles Schwab Corp (NYSE:SCHW) traded higher last session on Wall Street, down -1.51% to $80.34.
SCHW stock price is now 2.22% away from the 50-day moving average and 10.88% away from the 200-day moving average. The market capitalization of the company currently stands at $145.65B.
With the price target enhanced from $89 to $93, Wells Fargo Upgraded its rating from Equal Weight to Overweight for Charles Schwab Corp (NYSE: SCHW). On December 09, 2024, Barclays Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $74 to quote $95, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, Schwab Charles R., Co-Chairman sold 180,506 shares of the company’s stock on Feb 12 ’25. The stock was sold for $14,816,907 at an average price of $82.09. Upon completion of the transaction, the Co-Chairman now directly owns 60,540,223 shares in the company, valued at $4.86 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 13 ’25, Co-Chairman Schwab Charles R. sold 125,000 shares of the business’s stock. A total of $10,154,387 was realized by selling the stock at an average price of $81.24. This leaves the insider owning 60,415,223 shares of the company worth $4.85 billion. A total of 5.91% of the company’s stock is owned by insiders.
During the past 12 months, Charles Schwab Corp has had a low of $61.01 and a high of $84.50. According to the stock market information, the enterprise value for the company is $152090853376, which is based on a 26.90 price-to-earnings ratio, a 1.13 price-to-earnings-growth ratio, and a beta of 0.97. The fifty day moving average price for SCHW is $78.593 and a two-hundred day moving average price translates $72.45545 for the stock.
The latest earnings results from Charles Schwab Corp (NYSE: SCHW) was released for 2024-12-31. The net profit margin was 21.07% and return on equity was 13.30% 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. For the current quarter, analysts expect SCHW to generate $5.44B in revenue.
