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Is Charles Schwab Corp. (SCHW) a good stock to buy now?

Charles Schwab Corp. (NYSE: SCHW) is 5.19% higher on its value in year-to-date trading and has touched a low of $45.65 and a high of $72.94 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SCHW stock was last observed hovering at around $72.34 in the last trading session, with the day’s gains setting it 0.03%.

Currently trading at $72.37, the stock is 5.20% and 10.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.06 million and changing 0.04% at the moment leaves the stock 18.89% off its SMA200. SCHW registered 31.08% gain for a year compared to 6-month gain of 32.67%.

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The stock witnessed a 8.37% loss in the last 1 month and extending the period to 3 months gives it a 4.05%, and is 1.08% 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 1.34% over the week and 1.84% over the month.

Charles Schwab Corp. (SCHW) has around 33000 employees, a market worth around $128.35B and $25.52B in sales. Current P/E ratio is 28.51 and Fwd P/E is 16.61. Profit margin for the company is 18.22%. Distance from 52-week low is 58.53% and -0.79% from its 52-week high. The company has generated returns on investments over the last 12 months (5.14%).

Charles Schwab Corp. quarterly earnings per share for the current quarter are estimated at $0.75 with sales reaching $4.72B over the same period.The EPS is expected to grow by 8.82% this year, but quarterly earnings will post 4.60% year-over-year. Quarterly sales are estimated to shrink -8.00% in year-over-year returns.

Charles Schwab Corp. (SCHW) Top Institutional Holders

2,347 institutions hold shares in Charles Schwab Corp. (SCHW), with institutional investors hold 91.79% of the company’s shares. The shares outstanding are 1.77B, and float is at 1.67B with Short Float at 0.90%. Institutions hold 85.98% 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

The most recent transaction is an insider sale by ADAMS JOHN K JR,the company’sDirector. SEC filings show that ADAMS JOHN K JR sold 15,701 shares of the company’s common stock on Mar 22 ’24 at a price of $72.64 per share for a total of $1.14 million. Following the sale, the insider now owns 44451.0 shares.

Charles Schwab Corp. disclosed in a document filed with the SEC on Mar 21 ’24 that Murtagh Nigel J (Chief Risk Officer) sold a total of 12,948 shares of the company’s common stock. The trade occurred on Mar 21 ’24 and was made at $70.03 per share for $0.91 million. Following the transaction, the insider now directly holds 81446.0 shares of the SCHW stock.

Still, SEC filings show that on Mar 21 ’24, Schwab-Pomerantz Carolyn (Director) disposed off 9,000 shares at an average price of $70.87 for $0.64 million. The insider now directly holds 581,457 shares of Charles Schwab Corp. (SCHW).

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