In the last trading session, 8.57 million Charles Schwab Corp. (NYSE:SCHW) shares changed hands as the company’s beta touched 0.96. With the company’s per share price at $63.06 changed hands at $0.05 or 0.08% during last session, the market valuation stood at $112.15B. SCHW’s last price was a discount, traded about -26.05% off its 52-week high of $79.49. The share price had its 52-week low at $48.66, which suggests the last value was 22.84% up since then. When we look at Charles Schwab Corp.’s average trading volume, we note the 10-day average is 6.88 million shares, with the 3-month average coming to 8.94 million.
Analysts gave the Charles Schwab Corp. (SCHW) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 17 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended SCHW as a Hold, 13 felt it is a Buy and 0 rated the stock as Underweight. Charles Schwab Corp.’s EPS for the current quarter is expected to be 0.75.
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Charles Schwab Corp. (NYSE:SCHW) trade information
Instantly SCHW was in green as seen at the end of in last trading. With action -2.67%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -8.34%, with the 5-day performance at -2.67% in the red. However, in the 30-day time frame, Charles Schwab Corp. (NYSE:SCHW) is 1.04% up. Looking at the short shares, we see there were 18.42 million shares sold at short interest cover period of 1.44 days.
The consensus price target for the stock as assigned by Wall Street analysts is 85, meaning bulls need an upside of 25.81% from its current market value. According to analyst projections, SCHW’s forecast low is 66.5 with 112 as the target high. To hit the forecast high, the stock’s price needs a -77.61% plunge from its current level, while the stock would need to soar -5.46% for it to hit the projected low.
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 -5.81% over the past 6 months, a -2.56% in annual growth rate that is considerably lower than the industry average of 26.10%. Year-over-year growth is forecast to reach 1.50% up from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 4.73B. 11 analysts are of the opinion that Charles Schwab Corp.’s revenue for the current quarter will be 4.97B. The estimates for the next quarter sales put growth at 11.40%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0.75%. The 2024 estimates are for Charles Schwab Corp. earnings to decrease by -2.94%, but the outlook for the next 5-year period is at 12.99% per year.
SCHW Dividends
Charles Schwab Corp. is expected to release its next quarterly earnings report in October. 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. During the past 5 years, the average dividend yield was 1.38 per year.
Charles Schwab Corp. (NYSE:SCHW)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 6.27% of Charles Schwab Corp. shares while 80.74% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 86.14%. There are 80.74% institutions holding the Charles Schwab Corp. stock share, with TORONTO DOMINION BANK the top institutional holder. As of 2024-06-30, the company held 12.3815% of the shares, roughly 225.96 million SCHW shares worth $16.65 billion.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 6.6963% or 122.21 million shares worth $9.01 billion as of 2024-06-30.
