Wall Street Was Disappointed By Charles Schwab Corp (NYSE: SCHW)’s 4.62% Stock Price Incline

Charles Schwab Corp (NYSE:SCHW) has a beta value of 0.93 and has seen 3.53 million shares traded in the recent trading session. The company, currently valued at $136.48B, closed the recent trade at $74.61 per share which meant it gained $3.3 on the day or 4.62% during that session. The SCHW stock price is -6.54% off its 52-week high price of $79.49 and 28.31% above the 52-week low of $53.49. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.74 million shares traded. The 3-month trading volume is 7.85 million shares.

The consensus among analysts is that Charles Schwab Corp (SCHW) is Buy stock at the moment, with a recommendation rating of 2.18. 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 0.88.

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Charles Schwab Corp (NYSE:SCHW) trade information

Sporting 4.62% in the green today, 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 $74.61 or saw a rise of 0.2%. Year-to-date, Charles Schwab Corp shares have moved 8.44%, while the 5-day performance has seen it change 4.93%. Over the past 30 days, the shares of Charles Schwab Corp (NYSE:SCHW) have changed 14.95%. Short interest in the company has seen 18.16 million shares shorted with days to cover at 2.18.

Wall Street analysts have a consensus price target for the stock at $84, which means that the shares’ value could jump 11.18% from the levels at last check today.. 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 latest price level in today’s session is -50.11% off the targeted high while a plunge would see the stock lose 10.87% from the levels at last check today..

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 -2.35% over the past 6 months, with this year growth rate of -0.64%, compared to 21.40% for the industry. Revenue growth from the last financial year stood is estimated to be 2.70%.

12 analysts offering their estimates for the company have set an average revenue estimate of 5.07B for the current quarter. 10 have an estimated revenue figure of 5.16B for the next ending quarter. Year-ago sales stood 4.46B and 4.74B respectively for this quarter and the next, and analysts expect sales will grow by 13.80% for the current quarter and 2.70% for the next.

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 -0.25% while over the next 5 years, the company’s earnings are expected to increase by 16.54%.

SCHW Dividends

Charles Schwab Corp is expected to release its next earnings report on 2025-Jan-15 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 1.34%. 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 80.52% with a share float percentage of 85.90%. Investors are also buoyed by the number of investors in a company, with Charles Schwab Corp having a total of 2355.0 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.