Charles Schwab Corp. (SCHW) down -7.89% since start of the year

Charles Schwab Corp. (NYSE: SCHW) is -7.89% lower on its value in year-to-date trading and has touched a low of $45.00 and a high of $81.56 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SCHW stock was last observed hovering at around $62.47 in the last trading session, with the day’s gains setting it 0.9%.

Currently trading at $63.37, the stock is -0.14% and -2.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.56 million and changing 1.44% at the moment leaves the stock 8.77% off its SMA200. SCHW registered -21.39% loss for a year compared to 6-month gain of -1.81%.

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The stock witnessed a -3.72% loss in the last 1 month and extending the period to 3 months gives it a 15.43%, and is 0.68% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.83% over the week and 2.22% over the month.

Charles Schwab Corp. (SCHW) has around Feb 08 2024 employees, a market worth around $112.32B and $25.52B in sales. Current P/E ratio is 24.97 and Fwd P/E is 14.23. Profit margin for the company is 18.22%. Distance from 52-week low is 40.82% and -22.30% from its 52-week high. The company has generated returns on investments over the last 12 months (6.93%).

Charles Schwab Corp. quarterly earnings per share for the current quarter are estimated at $0.75 with sales reaching $4.74B over the same period.The EPS is expected to grow by 10.12% this year, but quarterly earnings will post 5.20% year-over-year. Quarterly sales are estimated to shrink -7.60% in year-over-year returns.

Charles Schwab Corp. (SCHW) Top Institutional Holders

2,277 institutions hold shares in Charles Schwab Corp. (SCHW), with institutional investors hold 89.89% of the company’s shares. The shares outstanding are 1.80B, and float is at 1.66B with Short Float at 1.08%. Institutions hold 84.21% of the Float.

The top institutional shareholder in the company is Toronto Dominion Bank with over 225.99 million shares valued at $12.81 billion. The investor’s holdings represent 12.77% of the SCHW Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 122.83 million shares valued at $6.96 billion to account for 6.94% of the shares outstanding. The other top investors are Blackrock Inc. which holds 95.63 million shares representing 5.40% and valued at over $5.42 billion, while Dodge & Cox Inc holds 4.43% of the shares totaling 78.4 million with a market value of $4.44 billion.

Charles Schwab Corp. (SCHW) Insider Activity

A total of 11 insider transactions have happened at Charles Schwab Corp. (SCHW) in the last six months, with sales accounting for 9 and purchases happening 2 times. The most recent transaction is an insider sale by HERRINGER FRANK C ,the company’sDirector. SEC filings show that HERRINGER FRANK C sold 7,587 shares of the company’s common stock on Feb 01 at a price of $62.25 per share for a total of $0.47 million. Following the sale, the insider now owns 0.17 million shares.

Charles Schwab Corp. disclosed in a document filed with the SEC on Jan 24 that Schwab Charles R. (Co-Chairman) sold a total of 16,390 shares of the company’s common stock. The trade occurred on Jan 24 and was made at $63.94 per share for $1.05 million. Following the transaction, the insider now directly holds 61.33 million shares of the SCHW stock.

Still, SEC filings show that on Jan 22, Crawford Peter B. (CFO) disposed off 4,000 shares at an average price of $64.49 for $0.26 million. The insider now directly holds 37,611 shares of Charles Schwab Corp. (SCHW).

Charles Schwab Corp. (SCHW): Who are the competitors?

The company’s main competitors (and peers) include Blackstone Inc. (BX) that is trading 32.39% up over the past 12 months. Morgan Stanley (MS) that is -13.62% lower over the same period.