In Friday’s Wall Street session, Charles Schwab Corp (NYSE:SCHW) shares traded at $74.63, down -1.23% from the previous session.
SCHW stock price is now -4.81% away from the 50-day moving average and 2.76% away from the 200-day moving average. The market capitalization of the company currently stands at $139.14B.
With the price target enhanced from $88 to $103, TD Cowen Upgraded its rating from Hold to Buy for Charles Schwab Corp (NYSE: SCHW). On January 22, 2025, Wells Fargo Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $89 to quote $93, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, Woolway Paul V, MD, Chief Banking Officer sold 9,887 shares of the company’s stock on Mar 05 ’25. The stock was sold for $745,253 at an average price of $75.38. Upon completion of the transaction, the MD, Chief Banking Officer now directly owns 47,931 shares in the company, valued at $3.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 05 ’25, Chief Risk Officer Murtagh Nigel J sold 15,229 shares of the business’s stock. A total of $1,147,936 was realized by selling the stock at an average price of $75.38. This leaves the insider owning 59,092 shares of the company worth $4.41 million. A total of 5.95% 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.
The net profit margin was 21.07% and return on equity was 13.30% for SCHW. The company reported revenue of $5.33 billion for the quarter, compared to $4.46 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.51 percent.
