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The Charles Schwab Corporation (SCHW) Is A Bargain Stock You Should Check Out

The Charles Schwab Corporation (NYSE:SCHW) has a beta value of 0.96 and has seen 6.55 million shares traded in the last trading session. The company, currently valued at $146.58B, closed the last trade at $79.25 per share which meant it gained $1.52 on the day or 1.96% during that session. The SCHW stock price is -21.44% off its 52-week high price of $96.24 and 25.11% 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 10.69 million shares traded. The 3-month trading volume is 7.49 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 1 rate it as Overweight. 8 out of 23 have rated it as a Hold, with 13 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $1.1.

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The Charles Schwab Corporation (NYSE:SCHW) trade information

Sporting 1.96% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 01/24/23 when the SCHW stock price touched $79.25 or saw a rise of 3.19%. Year-to-date, The Charles Schwab Corporation shares have moved -4.82%, while the 5-day performance has seen it change -5.08%. Over the past 30 days, the shares of The Charles Schwab Corporation (NYSE:SCHW) have changed -2.46%. Short interest in the company has seen 18.62 million shares shorted with days to cover at 2.3.

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 gained 24.49% over the past 6 months, with this year growth rate of 20.26%, compared to 0.30% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 27.90% and 40.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be 12.30%.

8 analysts offering their estimates for the company have set an average revenue estimate of $5.53 billion for the current quarter. 7 have an estimated revenue figure of $5.52 billion for the next quarter concluding in Mar 2023. Year-ago sales stood $4.71 billion and $4.67 billion respectively for this quarter and the next, and analysts expect sales will grow by 17.50% for the current quarter and 18.10% for the next.

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 2023 is a modest 33.20% while over the next 5 years, the company’s earnings are expected to increase by 19.96%.

SCHW Dividends

The Charles Schwab Corporation is expected to release its next earnings report between April 17 and April 21 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 1.11%. The company’s dividend yield has gone up over the past 12 months.

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

Insiders own 6.72% of the company shares, while shares held by institutions stand at 84.50% with a share float percentage of 90.59%. Investors are also buoyed by the number of investors in a company, with The Charles Schwab Corporation having a total of 1,957 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 121.85 million shares worth more than $7.7 billion. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 6.70% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 107.4 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $6.79 billion and represent 5.91% 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 Sep 29, 2022, the former fund manager holds about 2.93% shares in the company for having 53.18 million shares of worth $3.82 billion while later fund manager owns 45.49 million shares of worth $2.87 billion as of Jun 29, 2022, which makes it owner of about 2.50% of company’s outstanding stock.

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