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When Will Charles Schwab Corp. (NYSE: SCHW) Be A Good Investment?

In the latest trading session, 1.75 million Charles Schwab Corp. (NYSE:SCHW) shares changed hands as the company’s beta touched 0.99. With the company’s most recent per share price at $62.79 changed hands at -$1.71 or -2.65% at last look, the market valuation stands at $111.29B. SCHW’s current price is a discount, trading about -29.89% off its 52-week high of $81.56. The share price had its 52-week low at $45.00, which suggests the last value was 28.33% up since then. When we look at Charles Schwab Corp.’s average trading volume, we note the 10-day average is 7.34 million shares, with the 3-month average coming to 0.95.

Charles Schwab Corp. (NYSE:SCHW) trade information

Instantly SCHW was in red as seen in intraday trades today. With action 1.45%, the performance over the past five days has been green. The drop to weekly highs of 65.12 subtracted -2.65% to the stock’s daily price. The company’s shares are showing year-to-date downside of -8.74%, with the 5-day performance at 1.45% in the green. However, in the 30-day time frame, Charles Schwab Corp. (NYSE:SCHW) is -3.74% down. Looking at the short shares, we see there were 17.98 million shares sold at short interest cover period of 2.01 days.

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Charles Schwab Corp. (SCHW) estimates and forecasts

Data shows that the Charles Schwab Corp. 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 1.63% over the past 6 months, a 8.31% in annual growth rate that is considerably lower than the industry average of 16.80%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Charles Schwab Corp. will fall -19.40%, while the growth in revenue is estimated to hit 8.00% for the next quarter. Year-over-year growth is forecast to reach 5.20% up from the last financial year.

Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of $4.74 billion. 10 analysts are of the opinion that Charles Schwab Corp.’s revenue for the quarter ending Jun 2024 will be $4.86 billion. The company’s revenue for the corresponding quarters a year ago was $5.13 billion and $4.66 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -7.60%. The estimates for the next quarter sales put growth at 4.50%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0.76%. The 2024 estimates are for Charles Schwab Corp. earnings to increase by 9.12%, but the outlook for the next 5-year period is at 5.08% per year.

SCHW Dividends

Charles Schwab Corp. is expected to release its next quarterly earnings report between April 15 and April 19. The 1.59% annual yield figure for the share gives it an annual dividend of 1.00. It is important to note, however, that the 1.59% 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.

Charles Schwab Corp. (NYSE:SCHW)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 6.31% of Charles Schwab Corp. shares while 84.87% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 90.58%. There are 84.87% institutions holding the Charles Schwab Corp. 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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