Charles Schwab Corp. (NYSE:SCHW)’s traded shares stood at 4.5 million during the last session, with the company’s beta value hitting 0.96. At the close of trading, the stock’s price was $71.82, to imply a decrease of -1.06% or -$0.77 in intraday trading. The SCHW share’s 52-week high remains $79.49, putting it -10.68% down since that peak but still an impressive 32.25% since price per share fell to its 52-week low of $48.66. The company has a valuation of $127.73B, with an average of 8.95 million shares in intraday trading volume over the past 10 days and average of 8.35 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Charles Schwab Corp. (SCHW), translating to a mean rating of 2.17. Of 17 analyst(s) looking at the stock, 0 analyst(s) give SCHW a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 13 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.88.
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Charles Schwab Corp. (NYSE:SCHW) trade information
After registering a -1.06% downside in the last session, Charles Schwab Corp. (SCHW) has traded red over the past five days. The 5-day price performance for the stock is 0.64%, and 12.50% over 30 days. With these gigs, the year-to-date price performance is 4.39%. Short interest in Charles Schwab Corp. (NYSE:SCHW) saw shorts transact 17.87 million shares and set a 2.27 days time to cover.
The extremes give us $66.5 and $112 for target low and target high price respectively. As such, SCHW has been trading -55.95% off suggested target high and 7.41% from its likely low.
Charles Schwab Corp. (SCHW) estimates and forecasts
Looking at statistics comparing Charles Schwab Corp. share performance against respective industry, we note that the company has underperformed competitors. Charles Schwab Corp. (SCHW) shares are -4.23% down over the last 6 months, with its year-to-date growth rate lower than industry average at -0.64% against 21.20%. Revenue is forecast to grow 29.40% this quarter before jumping 18.90% for the next one. The rating firms project that company’s revenue will grow 2.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 12 analysts is 5.07B. Meanwhile, for the current quarter, a total of 10 analyst(s) estimate revenue growth to 5.16B.Earnings reports from the last fiscal year show that sales brought in 4.46B and 4.74B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 13.80% before jumping 8.90% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 0.75% for the past 5-year period. While 2024 is set for a -0.53% return in earnings, projections for the next 5 years are at 18.03% annually.
SCHW Dividends
Charles Schwab Corp. has its next earnings report out on 2025-Jan-15. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Charles Schwab Corp. has a forward dividend ratio of 1.00, with the share yield ticking at 1.39% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 1.38%.
Charles Schwab Corp. (NYSE:SCHW)’s Major holders
Charles Schwab Corp. insiders hold 6.27% of total outstanding shares, with institutional holders owning 80.70% of the shares at 86.09% float percentage. In total, 80.70% institutions holds shares in the company, led by TORONTO DOMINION BANK. As of 2024-06-30, the company held over 225.96 million shares (or 12.3815% of shares), all amounting to roughly $16.65 billion.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 122.21 million shares, or about 6.6963% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $9.01 billion.
We also have Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Charles Schwab Corp. (SCHW) shares. Going by data provided on Jun 30, 2024 , Dodge & Cox Stock Fund holds roughly 57.92 shares. This is just over 3.26% of the total shares, with a market valuation of $4.16 billion. Data from the same date shows that the other fund manager holds a little less at 44.92, or 2.53% of the shares, all valued at about 3.23 billion.
