Charles Schwab Corp. (NYSE:SCHW) has a beta value of 0.97 and has seen 21.28 million shares traded in the last trading session. The company, currently valued at $127.98B, closed the last trade at $71.96 per share which meant it gained $4.14 on the day or 6.10% during that session. The SCHW stock price is -10.46% off its 52-week high price of $79.49 and 32.38% above the 52-week low of $48.66. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.9 million shares traded. The 3-month trading volume is 9.73 million shares.
The consensus among analysts is that Charles Schwab Corp. (SCHW) is Buy stock at the moment, with a recommendation rating of 2.14. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 17 have rated it as a Hold, with 13 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.75.
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Charles Schwab Corp. (NYSE:SCHW) trade information
Sporting 6.10% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SCHW stock price touched $71.96 or saw a rise of 2.65%. Year-to-date, Charles Schwab Corp. shares have moved 4.59%, while the 5-day performance has seen it change 10.88%. Over the past 30 days, the shares of Charles Schwab Corp. (NYSE:SCHW) have changed 12.98%. Short interest in the company has seen 17.87 million shares shorted with days to cover at 2.27.
Wall Street analysts have a consensus price target for the stock at $85, which means that the shares’ value could jump 15.34% from current levels. The projected low price target is $66.5 while the price target rests at a high of $112.0. In that case, then, we find that the current price level is -55.64% off the targeted high while a plunge would see the stock lose 7.59% from current levels.
Charles Schwab Corp. (SCHW) estimates and forecasts
Figures show that Charles Schwab Corp. shares have underperformed across the wider relevant industry. The company’s shares have lost -1.52% over the past 6 months, with this year growth rate of -2.24%, compared to 25.10% for the industry. Revenue growth from the last financial year stood is estimated to be 1.90%.
13 analysts offering their estimates for the company have set an average revenue estimate of 4.78B for the current quarter. 12 have an estimated revenue figure of 4.97B for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 0.75% over the past 5 years. Earnings growth for 2024 is a modest -1.84% while over the next 5 years, the company’s earnings are expected to increase by 18.03%.
SCHW Dividends
Charles Schwab Corp. is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.00 at a share yield of 1.39%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.38%.
Charles Schwab Corp. (NYSE:SCHW)’s Major holders
Insiders own 6.27% of the company shares, while shares held by institutions stand at 80.69% with a share float percentage of 86.09%. Investors are also buoyed by the number of investors in a company, with Charles Schwab Corp. having a total of 2392.0 institutions that hold shares in the company. The top two institutional holders are TORONTO DOMINION BANK with over 225.96 million shares worth more than $16.65 billion. As of 2024-06-30, TORONTO DOMINION BANK held 12.3815% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 122.21 million shares as of 2024-06-30. The firm’s total holdings are worth over $9.01 billion and represent 6.6963% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund . As of Jun 30, 2024 , the former fund manager holds about 3.26% shares in the company for having 57.92 shares of worth $4.17 billion while later fund manager owns 44.92 shares of worth $3.23 billion as of Jun 30, 2024 , which makes it owner of about 2.53% of company’s outstanding stock.
