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The Charles Schwab Corporation (SCHW): Why Is Stock So Good?

In the latest trading session, 1.03 million The Charles Schwab Corporation (NYSE:SCHW) shares changed hands as the company’s beta touched 0.92. With the company’s most recent per share price at $57.77 changed hands at -$0.09 or -0.16% at last look, the market valuation stands at $107.99B. SCHW’s current price is a discount, trading about -49.96% off its 52-week high of $86.63. The share price had its 52-week low at $45.00, which suggests the last value was 22.1% up since then. When we look at The Charles Schwab Corporation’s average trading volume, we note the 10-day average is 10.17 million shares, with the 3-month average coming to 10.40 million.

Analysts gave the The Charles Schwab Corporation (SCHW) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 1 out of 22 analysts rate the stock as a Sell, with a further 3 assigning it an Overweight rating. Of the remaining, 3 recommended SCHW as a Hold, 14 felt it is a Buy and 1 rated the stock as Underweight. The Charles Schwab Corporation’s EPS for the current quarter is expected to be $0.77.

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The Charles Schwab Corporation (NYSE:SCHW) trade information

Instantly SCHW was in red as seen in intraday trades today. With action -4.54%, the performance over the past five days has been red. The drop to weekly highs of 60.98 on Monday, 09/18/23 subtracted -0.16% to the stock’s daily price. The company’s shares are showing year-to-date downside of -30.61%, with the 5-day performance at -4.54% in the red. However, in the 30-day time frame, The Charles Schwab Corporation (NYSE:SCHW) is -2.94% down. Looking at the short shares, we see there were 21.18 million shares sold at short interest cover period of 1.94 days.

The consensus price target for the stock as assigned by Wall Street analysts is $73.22, meaning bulls need an upside of 21.1% from its recent market value. According to analyst projections, SCHW’s forecast low is $55.00 with $95.00 as the target high. To hit the forecast high, the stock’s price needs a -64.45% plunge from its current level, while the stock would need to tank 4.79% for it to hit the projected low.

The Charles Schwab Corporation (SCHW) estimates and forecasts

Data shows that the The Charles Schwab Corporation share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 2.96% over the past 6 months, a -16.15% in annual growth rate that is considerably lower than the industry average of 3.90%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for The Charles Schwab Corporation will fall -30.00%, while the growth in revenue is estimated to hit -25.70% for the next quarter. Year-over-year growth is forecast to reach -6.60% down from the last financial year.

Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of $4.74 billion. 9 analysts are of the opinion that The Charles Schwab Corporation’s revenue for the quarter ending Dec 2023 will be $4.89 billion. The company’s revenue for the corresponding quarters a year ago was $5.41 billion and $5.5 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -12.40%. The estimates for the next quarter sales put growth at -11.00%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 16.30%. The 2023 estimates are for The Charles Schwab Corporation earnings to increase by 24.00%, but the outlook for the next 5-year period is at 9.82% per year.

SCHW Dividends

The Charles Schwab Corporation is expected to release its next quarterly earnings report in October. The 1.73% annual yield figure for the share gives it an annual dividend of 1.00. It is important to note, however, that the 1.73% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

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

If we look at who the major shareholders are, we find that insiders hold 6.34% of The Charles Schwab Corporation shares while 84.45% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 90.17%. There are 84.45% institutions holding the The Charles Schwab Corporation stock share, with Toronto Dominion Bank the top institutional holder. As of Jun 29, 2023, the company held 12.77% of the shares, roughly 225.99 million SCHW shares worth $12.81 billion.

Vanguard Group Inc holds the second largest percentage of outstanding shares, with 6.94% or 122.83 million shares worth $6.96 billion as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund. With 52.64 million shares estimated at $2.98 billion under it, the former controlled 2.97% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.65% of the shares, roughly 46.91 million shares worth around $2.66 billion.

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