The Charles Schwab Corporation (NYSE:SCHW) has a beta value of 1.06 and has seen 7.41 million shares traded in the last trading session. The company, currently valued at $140.53B, closed the last trade at $73.35 per share which meant it lost -$0.36 on the day or -0.49% during that session. The SCHW stock price is -31.21% off its 52-week high price of $96.24 and 19.09% above the 52-week low of $59.35. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.46 million shares traded. The 3-month trading volume is 6.99 million shares.
The consensus among analysts is that The Charles Schwab Corporation (SCHW) is an Overweight stock at the moment, with a recommendation rating of 2.10. 0 analysts rate the stock as a Sell, while 2 rate it as Overweight. 5 out of 18 have rated it as a Hold, with 11 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $1.04.
The Charles Schwab Corporation (NYSE:SCHW) trade information
Sporting -0.49% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 09/20/22 when the SCHW stock price touched $73.35 or saw a rise of 1.57%. Year-to-date, The Charles Schwab Corporation shares have moved -12.78%, while the 5-day performance has seen it change 0.55%. Over the past 30 days, the shares of The Charles Schwab Corporation (NYSE:SCHW) have changed -0.69%. Short interest in the company has seen 14.6 million shares shorted with days to cover at 1.95.
Wall Street analysts have a consensus price target for the stock at $88.00, which means that the shares’ value could jump 16.65% from current levels. The projected low price target is $73.00 while the price target rests at a high of $100.00. In that case, then, we find that the current price level is -36.33% off the targeted high while a plunge would see the stock lose 0.48% from current levels.
The Charles Schwab Corporation (SCHW) estimates and forecasts
Figures show that The Charles Schwab Corporation shares have outperformed across the wider relevant industry. The company’s shares have lost -17.59% over the past 6 months, with this year growth rate of 20.31%, compared to -10.40% for the industry. Other than that, the company has, however, increased its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 23.80% and 29.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 11.20%.
7 analysts offering their estimates for the company have set an average revenue estimate of $5.34 billion for the current quarter. 7 have an estimated revenue figure of $5.56 billion for the next quarter concluding in Dec 2022.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 16.60% over the past 5 years. Earnings growth for 2022 is a modest 33.20% while over the next 5 years, the company’s earnings are expected to increase by 19.25%.
The Charles Schwab Corporation is expected to release its next earnings report between April 13 and April 18 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.88 at a share yield of 1.20%. The company’s dividend yield has gone up over the past 12 months.
The Charles Schwab Corporation (NYSE:SCHW)’s Major holders
Insiders own 6.71% of the company shares, while shares held by institutions stand at 75.41% with a share float percentage of 80.83%. Investors are also buoyed by the number of investors in a company, with The Charles Schwab Corporation having a total of 1,996 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 119.76 million shares worth more than $10.1 billion. As of Mar 30, 2022, Vanguard Group, Inc. (The) held 6.59% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 107.18 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $9.04 billion and represent 5.90% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund. As of Jun 29, 2022, the former fund manager holds about 2.83% shares in the company for having 51.45 million shares of worth $3.25 billion while later fund manager owns 44.52 million shares of worth $3.75 billion as of Mar 30, 2022, which makes it owner of about 2.45% of company’s outstanding stock.