Charles Schwab Corp. [SCHW] stock is trading at $71.60, down -0.35%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SCHW shares have gain 6.80% over the last week, with a monthly amount glided 10.78%, and seem to be holding up well over a long-time horizon.
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On 21, March 2024, Schwab Announces Its Institutional Investor Day. In a post published today on Yahoo Finance, The Charles Schwab Corporation announced today that it has scheduled its inaugural Institutional Investor Day on Wednesday, May 22nd. This event, which will be held via live public webcast, is designed to help the investment community keep abreast of recent business developments and the Company’s current strategic focus. The program is scheduled to run from 8:30 a.m. – 2:00 p.m. CT, 9:30 a.m. – 3:00 p.m. ET. Participants will include members of the company’s executive management and senior leadership team.
From an analyst’s perspective:
Charles Schwab Corp. [NYSE: SCHW] stock has seen the most recent analyst activity on March 22, 2024, when TD Cowen upgraded its rating to a Outperform but kept the price target unchanged to $87 for it. Previously, Keefe Bruyette downgraded its rating to Mkt Perform on January 18, 2024, and dropped its price target to $70. On January 10, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $70 on the stock. TD Cowen started tracking the stock assigning a Market Perform rating and suggested a price target of $77 on January 04, 2024. Goldman downgraded its rating to a Neutral and raised its price target to $71 on January 03, 2024. Redburn Atlantic started tracking with a Sell rating for this stock on December 01, 2023, and assigned it a price target of $52. In a note dated July 24, 2023, UBS reiterated an Buy rating on this stock and boosted its target price from $67 to $80.
Charles Schwab Corp. [SCHW] stock has fluctuated between $45.65 and $72.00 over the past year. Currently, Wall Street analysts expect the stock to reach $92.11 within the next 12 months. Charles Schwab Corp. [NYSE: SCHW] shares were valued at $71.60 at the most recent close of the market. An investor can expect a potential return of 28.65% based on the average SCHW price forecast.
Analyzing the SCHW fundamentals
Charles Schwab Corp. [NYSE:SCHW] reported sales of 25.52B for the trailing twelve months, which represents a drop of -0.27%. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.39%, and Net Profit Margin reading is 0.31%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.13 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.45.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 71.13 points at the first support level, and at 70.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 72.51, and for the 2nd resistance point, it is at 73.42.
Charles Schwab Corp. [SCHW] reported earnings per share of $0.68 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.64/share, meaning a difference of $0.04 and a surprise factor of 6.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.77 per share as compared to estimates of $0.74 per share, a difference of $0.03 representing a surprise of 4.10%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 4.98, the price to book ratio is 4.00 and price to earnings (TTM) ratio is 28.21.
Transactions by insiders
Recent insider trading involved Craig Jonathan M., Please see remarks, that happened on Mar 06 ’24 when 48751.0 shares were sold. Chief Risk Officer, Murtagh Nigel J completed a deal on Mar 06 ’24 to sell 29991.0 shares. Meanwhile, Director Schwab-Pomerantz Carolyn sold 9000.0 shares on Feb 28 ’24.
