Charles Schwab Corp. (NYSE:SCHW) Declines -2.94% In 2024; Are Investors Attracted By Its $63.81 Price?

In recent trading session, Charles Schwab Corp. (NYSE:SCHW) saw 1.28 million shares changing hands at last check today with its beta currently measuring 0.96. Company’s recent per share price level of $63.81 trading at $0.12 or 0.18% at last check today assigns it a market valuation of $113.47B. That most recent trading price of SCHW’s stock is at a discount of -24.57% from its 52-week high price of $79.49 and is indicating a premium of 23.74% from its 52-week low price of $48.66. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.63 million shares which gives us an average trading volume of 8.87 million if we extend that period to 3-months.

For Charles Schwab Corp. (SCHW), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 17 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 13 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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Charles Schwab Corp. (NYSE:SCHW) trade information

Upright in the green today for gaining 0.18%, in the last five days SCHW remained trading in the red while hitting it’s week-highest on Friday, 08/30/24 when the stock touched $63.81 price level, adding 2.64% to its value on the day. Charles Schwab Corp.’s shares saw a change of -7.26% in year-to-date performance and have moved -1.73% in past 5-day. Charles Schwab Corp. (NYSE:SCHW) showed a performance of 2.55% in past 30-days. Number of shares sold short was 18.42 million shares which calculate 1.44 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 85 to the stock, which implies a rise of 24.93% to its recent value today. Analysts have been projecting 66.5 as a low price target for the stock while placing it at a high target of 112. It follows that stock’s current price would drop -4.22% in reaching the projected high whereas dropping to the targeted low would mean a loss of -4.22% for stock’s current value.

Charles Schwab Corp. (SCHW) estimates and forecasts

Statistics highlight that Charles Schwab Corp. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -6.43% of value to its shares in past 6 months, showing an annual growth rate of -2.56% while that of industry is 26.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0.75% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -2.94% while estimates for its earnings growth in next 5 years are of 12.99%.

SCHW Dividends

Charles Schwab Corp. is more likely to be releasing its next quarterly report on 2024-Oct-15 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 1.57%, the share has a forward dividend of 1.00 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 1.38%.

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

Insiders are in possession of 6.27% of company’s total shares while institution are holding 80.75 percent of that, with stock having share float percentage of 86.14%. Investors also watch the number of corporate investors in a company very closely, which is 80.75% institutions for Charles Schwab Corp. that are currently holding shares of the company. TORONTO DOMINION BANK is the top institutional holder at SCHW for having 225.96 million shares of worth $16.65 billion. And as of 2024-06-30, it was holding 12.3815 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 122.21 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.6963 of outstanding shares, having a total worth of $9.01 billion.