In today’s recent session, 0.92 million shares of the Charles Schwab Corp. (NYSE:SCHW) have been traded, and its beta is 0.97. Most recently the company’s share price was $63.47, and it changed around -$0.37 or -0.58% from the last close, which brings the market valuation of the company to $112.88B. SCHW at last check was trading at a discount to its 52-week high of $79.49, offering almost -25.24% off that amount. The share price’s 52-week low was $48.66, which indicates that the recent value has risen by an impressive 23.33% since then. We note from Charles Schwab Corp.’s average daily trading volume that its 10-day average is 8.44 million shares, with the 3-month average coming to 9.36 million.
Charles Schwab Corp. stock received a consensus recommendation rating of Buy, based on a mean score of 2.05. If we narrow it down even further, the data shows that 0 out of 19 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 5 recommended SCHW as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight. Charles Schwab Corp. is expected to report earnings per share of 0.75 for the current quarter.
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Charles Schwab Corp. (NYSE:SCHW) trade information
Instantly SCHW has been showing red trend so far today with a performance of -0.58% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 64.41 on recent trading dayincreased the stock’s daily price by 1.46%. The company’s shares are currently down -7.75% year-to-date, but still up 0.09% over the last five days. On the other hand, Charles Schwab Corp. (NYSE:SCHW) is -3.22% down in the 30-day period. We can see from the shorts that 15.96 million shares have been sold at a short interest cover period of 1.92 day(s).
The consensus price target as assigned by Wall Street analysts is $85, which translates to bulls needing to increase their stock price by 25.33% from its current value. Analyst projections state that SCHW is forecast to be at a low of $66.5 and a high of $112.
Charles Schwab Corp. (SCHW) estimates and forecasts
Charles Schwab Corp. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -7.14 percent over the past six months and at a -2.56% annual growth rate that is well below the industry average of 26.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -2.60% in revenue this quarter, and will report an increase of 20.60% in the next quarter. The year-over-year growth rate is expected to be 1.60%, up from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 4.73B in revenue for the current quarter. 12 analysts expect Charles Schwab Corp. to make 4.96B in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 11.20%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 0.75%. Charles Schwab Corp. earnings are expected to increase by -2.96% in 2024, but the outlook is positive 12.99% per year for the next five years.
SCHW Dividends
Charles Schwab Corp.’s next quarterly earnings report is expected to be released on 2024-Oct-15. The annual dividend yield of the stock is 1.58 percent and its annual dividend per share was 1.00. It is important to note, however, that the 1.58% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.38 per year.
Charles Schwab Corp. (NYSE:SCHW)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 6.27% of Charles Schwab Corp. shares, and 80.73% of them are in the hands of institutional investors. The stock currently has a share float of 86.13%. Charles Schwab Corp. stock is held by 2408.0 institutions, with TORONTO DOMINION BANK being the largest institutional investor. By 2024-06-30, it held 12.3815% of the shares, which is about 225.96 million shares worth $16.65 billion.
VANGUARD GROUP INC, with 6.6963% or 122.21 million shares worth $9.01 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 57.92 shares worth $3.67 billion, making up 3.26% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 44.92 shares worth around $2.85 billion, which represents about 2.53% of the total shares outstanding.
