In the last trading session, 7,360,399 shares of the The Charles Schwab Corporation (NYSE:SCHW) were traded, and its beta was 1.07. Most recently the company’s share price was $67.3, and it changed around -$0.85 or -0.01% from the last close, which brings the market valuation of the company to $126.87 Billion. SCHW currently trades at a discount to its 52-week high of $68.63, offering almost -1.98% off that amount. The share price’s 52-week low was $31.63, which indicates that the current value has risen by an impressive 53% since then. We note from The Charles Schwab Corporation’s average daily trading volume that its 10-day average is 6.94 Million shares, with the 3-month average coming to 8.59 Million.
The Charles Schwab Corporation stock received a consensus recommendation rating of Overweight, based on a mean score of 2.2. If we narrow it down even further, the data shows that none out of 19 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 7 recommended SCHW as a Hold, whereas 11 deemed it a Buy, and 1 rated it as Underweight. The Charles Schwab Corporation is expected to report earnings per share of $0.76 for the current quarter.
The Charles Schwab Corporation (NYSE:SCHW): Trading Information
Although SCHW has showed a red trend with a performance of -1.25% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $68.89 on Monday, Apr 05 increased the stock’s daily price by 2.31%. The company’s shares are currently up 0.27% year-to-date, but still up 0.0498 over the last five days. On the other hand, The Charles Schwab Corporation (NYSE:SCHW) is 0.04% up in the 30-day period. We can see from the shorts that 18.01 Million shares have been sold at a short interest cover period of 2.1 day (s).
The consensus price target as assigned by Wall Street analysts is $71.73, which translates to bears needing to increase their stock price by 6.58% from its current value. Analyst projections state that SCHW is forecast to be at a low of $54 and a high of $87. In order for the stock price to hit the forecast high, the stock would need to surge +29.27% from its current level, while the stock would need to crash -19.76% from its current level to reach the projected low.
The Charles Schwab Corporation (SCHW) projections and forecasts
The Charles Schwab Corporation share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +78.66 percent over the past six months and at a 19.59% annual growth rate that is well above the industry average of 4.8%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +24.6% in revenue this quarter, and will report an increase of 35.2% in the next quarter. The year-over-year growth rate is expected to be 46.8%, up from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of $4.4 Billion in revenue for the current quarter. 13 analysts expect The Charles Schwab Corporation to make $4.27 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $2.62 Billion and $2.45 Billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 68.1%. Forecasts for the next quarter put sales growth at 74.3%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 15.6%. The Charles Schwab Corporation earnings are expected to decrease by -20.6% in 2021, but the outlook is positive 9.36% per year for the next five years.
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SCHW Dividend Yield
The Charles Schwab Corporation’s next quarterly earnings report is expected to be released around April 13 – April 19, 2021. The annual dividend yield of the stock is 1.07 percent and its annual dividend per share was $0.72. It is important to note, however, that the 1.07% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.11% per year.
The Charles Schwab Corporation (NYSE:SCHW)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 7.4% of The Charles Schwab Corporation shares, and 74.16% of them are in the hands of institutional investors. The stock currently has a share float of 80.08%. The Charles Schwab Corporation stock is held by 1577 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2020, it held 6.22% of the shares, which is about 112.1 Million shares worth $5.95 Billion.
Blackrock Inc., with 5.68% or 102.47 Million shares worth $5.43 Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 52435400 shares worth $2.78 Billion, making up 2.91% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 43Million shares worth around $2.28 Billion, which represents about 2.38% of the total shares outstanding.