In yesterday’s Wall Street session, Charles Schwab Corp (NYSE:SCHW) shares traded at $76.41, up 1.19% from the previous session.
SCHW stock price is now -1.38% away from the 50-day moving average and 6.76% away from the 200-day moving average. The market capitalization of the company currently stands at $139.87B.
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 sold 24,000 shares of the company’s stock on Jan 02 ’25. The stock was sold for $1,779,330 at an average price of $74.14. Upon completion of the transaction, the Director now directly owns 534,529 shares in the company, valued at $40.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 02 ’25, Director Schwab-Pomerantz Carolyn bought 72,000 shares of the business’s stock. A total of $5,318,640 was incurred on buying the stock at an average price of $73.87. 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 $144896770048, which is based on a 29.87 price-to-earnings ratio, a 1.75 price-to-earnings-growth ratio, and a beta of 0.98. The fifty day moving average price for SCHW is $77.4784 and a two-hundred day moving average price translates $71.57285 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. For the current quarter, analysts expect SCHW to generate $5.2B in revenue.
