Upward Trajectory: Charles Schwab Corp. (SCHW) Posts a Gaine, Closing at 66.24

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The closing price of Charles Schwab Corp. (NYSE: SCHW) was $66.24 for the day, up 3.37% from the previous closing price of $64.08. In other words, the price has increased by $3.37 from its previous closing price. On the day, 12.04 million shares were traded. SCHW stock price reached its highest trading level at $66.89 during the session, while it also had its lowest trading level at $64.39.

Ratios:

Our analysis of SCHW’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 1.29 whereas as Long-Term Debt/Eq ratio is at 0.51.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, TD Cowen on July 17, 2024, Downgraded its rating to Hold and sets its target price to $71 from $88 previously.

On July 08, 2024, Keefe Bruyette Upgraded its rating to Outperform which previously was Mkt Perform and also upped its target price recommendation from $76 to $84.

TD Cowen Upgraded its Market Perform to Outperform on March 22, 2024, while the target price for the stock was maintained at $87.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 19 ’24 when Schwab-Pomerantz Carolyn sold 9,000 shares for $61.96 per share. The transaction valued at 557,633 led to the insider holds 567,057 shares of the business.

Bettinger Walter W bought 25,000 shares of SCHW for $1,656,500 on Jul 17 ’24. The Co-Chairman and CEO now owns 827,377 shares after completing the transaction at $66.26 per share. On Jul 17 ’24, another insider, Wurster Richard A, who serves as the President of the company, bought 10,000 shares for $62.05 each. As a result, the insider paid 620,454 and bolstered with 144,228 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SCHW now has a Market Capitalization of 121097977856 and an Enterprise Value of 129681309696. As of this moment, Charles’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.53, and their Forward P/E ratio for the next fiscal year is 16.10. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.62 while its Price-to-Book (P/B) ratio in mrq is 3.54. Its current Enterprise Value per Revenue stands at 7.012.

Stock Price History:

Over the past 52 weeks, SCHW has reached a high of $79.49, while it has fallen to a 52-week low of $48.66. The 50-Day Moving Average of the stock is -9.01%, while the 200-Day Moving Average is calculated to be -0.36%.

Shares Statistics:

SCHW traded an average of 8.18M shares per day over the past three months and 18566120 shares per day over the past ten days. A total of 1.77B shares are outstanding, with a floating share count of 1.67B. Insiders hold about 5.87% of the company’s shares, while institutions hold 85.88% stake in the company. Shares short for SCHW as of 1721001600 were 16952968 with a Short Ratio of 2.07, compared to 1718323200 on 17888077. Therefore, it implies a Short% of Shares Outstanding of 16952968 and a Short% of Float of 1.0199999.

Dividends & Splits

With its trailing 12-month dividend rate of 0.99, SCHW has a forward annual dividend rate of 1.00. Against a Trailing Annual Dividend Yield of 0.015449438The stock’s 5-year Average Dividend Yield is 1.38.

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