Does The Charles Schwab Corporation (NYSE: SCHW) Still Look Attractive After A 1.92% Selloff Last Week? – Marketing Sentinel
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Does The Charles Schwab Corporation (NYSE: SCHW) Still Look Attractive After A 1.92% Selloff Last Week?

During the recent session, The Charles Schwab Corporation (NYSE:SCHW)’s traded shares were 1.44 million, with the beta value of the company hitting 1.09. At the last check today, the stock’s price was $69.91, reflecting an intraday gain of 1.32% or $0.91. The 52-week high for the SCHW share is $96.24, that puts it down -37.66 from that peak though still a striking 15.11% gain since the share price plummeted to a 52-week low of $59.35. The company’s market capitalization is $118.46B, and the average intraday trading volume over the past 10 days was 8.24 million shares, and the average trade volume was 7.97 million shares over the past three months.

The Charles Schwab Corporation (SCHW) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 1.90. SCHW has a Sell rating from 0 analyst(s) out of 17 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 11 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $1.04.

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The Charles Schwab Corporation (NYSE:SCHW) trade information

The Charles Schwab Corporation (SCHW) registered a 1.32% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.32% in intraday trading to $69.91 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 1.92%, and it has moved by 8.76% in 30 days. Based on these gigs, the overall price performance for the year is 1.97%. The short interest in The Charles Schwab Corporation (NYSE:SCHW) is 14.6 million shares and it means that shorts have 1.95 day(s) to cover.

The consensus price target of analysts on Wall Street is $86.18, which implies an increase of 18.88% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $73.00 and $100.00 respectively. As a result, SCHW is trading at a discount of -43.04% off the target high and -4.42% off the low.

The Charles Schwab Corporation (SCHW) estimates and forecasts

Statistics show that The Charles Schwab Corporation has outperformed its competitors in share price, compared to the industry in which it operates. The Charles Schwab Corporation (SCHW) shares have gone down -23.64% during the last six months, with a year-to-date growth rate more than the industry average at 20.31% against -8.00. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 23.80% this quarter and then jump 29.10% in the quarter after that. In the rating firms’ projections, revenue will increase 11.20% compared to the previous financial year.

Revenue for the current quarter is expected to be $5.34 billion as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to $5.56 billion by the end of Dec 2022.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 16.60%. While earnings are projected to return 33.20% in 2022, the next five years will return 19.32% per annum.

SCHW Dividends

The Charles Schwab Corporation is due to release its next quarterly earnings between April 13 and April 18. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for The Charles Schwab Corporation is 0.88, with the dividend yield indicating at 1.28 percent, continuing the trend of increasing dividends in recent years.

The Charles Schwab Corporation (NYSE:SCHW)’s Major holders

The Charles Schwab Corporation insiders own 6.71% of total outstanding shares while institutional holders control 75.41%, with the float percentage being 80.83%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 1,996 institutions own stock in it. As of Mar 30, 2022, the company held over 119.76 million shares (or 6.59% of all shares), a total value of $10.1 billion in shares.

The next largest institutional holding, with 107.18 million shares, is of Blackrock Inc.’s that is approximately 5.90% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $9.04 billion.

Also, the Mutual Funds coming in first place with the largest holdings of The Charles Schwab Corporation (SCHW) shares are Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund. Data provided on Jun 29, 2022 indicates that Dodge & Cox Stock Fund owns about 51.45 million shares. This amounts to just over 2.83 percent of the company’s overall shares, with a $3.25 billion market value. The same data shows that the other fund manager holds slightly less at 44.52 million, or about 2.45% of the stock, which is worth about $3.75 billion.

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