Charles Schwab Corp. (NYSE: SCHW) is -7.21% lower on its value in year-to-date trading and has touched a low of $48.66 and a high of $79.49 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 $63.69 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $63.84, the stock is -0.12% and -2.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.16 million and changing 0.24% at the moment leaves the stock -6.70% off its SMA200. SCHW registered 9.65% gain for a year compared to 6-month loss of -5.28%.
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The stock witnessed a -2.61% gain in the last 1 month and extending the period to 3 months gives it a -12.32%, and is 1.24% 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 2.70% over the week and 2.07% over the month.
Charles Schwab Corp. (SCHW) has around 33000 employees, a market worth around $113.54B and $25.49B in sales. Current P/E ratio is 26.53 and Fwd P/E is 16.01. Profit margin for the company is 17.28%. Distance from 52-week low is 31.20% and -19.69% from its 52-week high. The company has generated returns on investments over the last 12 months (4.85%).
The EPS is expected to shrink by -2.96% this year.
Charles Schwab Corp. (SCHW) Top Institutional Holders
2406.0 institutions hold shares in Charles Schwab Corp. (SCHW), with institutional investors hold 86.13% of the company’s shares. The shares outstanding are 1.77B, and float is at 1.67B with Short Float at 0.95%. Institutions hold 80.73% of the Float.
The top institutional shareholder in the company is TORONTO DOMINION BANK with over 225.96 million shares valued at $16.65 billion. The investor’s holdings represent 12.3815% of the SCHW Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 122.21 million shares valued at $9.01 billion to account for 6.6963 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 101.02 million shares representing 5.5355% and valued at over $7.44 billion, while DODGE & COX holds 4.7007 of the shares totaling 85.79 million with a market value of $6.32 billion.
Charles Schwab Corp. (SCHW) Insider Activity
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Charles Schwab Corp. disclosed in a document filed with the SEC on Aug 15 ’24 that Schwab-Pomerantz Carolyn (Director) sold a total of 12,320 shares of the company’s common stock. The trade occurred on Aug 15 ’24 and was made at $65.10 per share for $0.8 million. Following the transaction, the insider now directly holds 0.56 million shares of the SCHW stock.
Still, SEC filings show that on Aug 16 ’24, Schwab-Pomerantz Carolyn (Director) disposed off 9,000 shares at an average price of $65.25 for $0.59 million. The insider now directly holds 558,529 shares of Charles Schwab Corp. (SCHW).
