Charles Schwab Corp (NYSE: SCHW) is 3.65% higher on its value in year-to-date trading and has touched a low of $53.49 and a high of $79.49 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 $70.96 in the last trading session, with the day’s gains setting it 0.35%.
Currently trading at $71.31, the stock is 0.92% and 7.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.23 million and changing 0.49% at the moment leaves the stock 3.69% off its SMA200. SCHW registered 27.73% gain for a year compared to 6-month loss of -5.60%. The firm has a 50-day simple moving average (SMA 50) of $66.506 and a 200-day simple moving average (SMA200) of $68.7314.
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The stock witnessed a 10.92% gain in the last 1 month and extending the period to 3 months gives it a 14.61%, and is -0.81% down 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 1.47% over the week and 1.74% over the month.
Charles Schwab Corp (SCHW) has around 33000 employees, a market worth around $130.45B and $25.64B in sales. Current P/E ratio is 27.85 and Fwd P/E is 18.71. Profit margin for the company is 18.28%. Distance from 52-week low is 33.31% and -10.29% from its 52-week high. The company has generated returns on investments over the last 12 months (6.73%).
with sales reaching $5.07B over the same period.The EPS is expected to shrink by -0.40% this year, but quarterly earnings will post 2.70% year-over-year. Quarterly sales are estimated to grow 13.80% in year-over-year returns.
Charles Schwab Corp (SCHW) Top Institutional Holders
2357.0 institutions hold shares in Charles Schwab Corp (SCHW), with institutional investors hold 85.91% of the company’s shares. The shares outstanding are 1.77B, and float is at 1.67B with Short Float at 1.08%. Institutions hold 80.52% 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
The most recent transaction is an insider sale by Schwab Charles R., the company’s Co-Chairman. SEC filings show that Schwab Charles R. sold 17,225 shares of the company’s common stock on Oct 21 ’24 at a price of $70.90 per share for a total of $1.22 million. Following the sale, the insider now owns 60.6 million shares.
Still, SEC filings show that on Oct 17 ’24, Schwab-Pomerantz Carolyn (Director) disposed off 29,800 shares at an average price of $72.16 for $2.15 million. The insider now directly holds 551,329 shares of Charles Schwab Corp (SCHW).
