The stock of The Charles Schwab Corporation (NYSE:SCHW) decreased by -$2.3 on Monday to finish at $61.78, down -3.59 percent. The last five days have seen an average of 7,838,120 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$21.48. The average number of shares traded over the last 20 days was 10,781,060, while the average volume over the last 50 days totaled 11,416,256.
SCHW stock appreciated 5.57% since last month. On 07/17/23, the company’s shares reached a one-month low of $58.10. The stock touched a high of $86.63 on 01/09/23, after rallying from a low of $45.00 in 52 weeks. The price of SCHW stock has declined by -25.80% or -$21.48 this year, reaching a new high 3 times. Still, the stock price is down -28.69% from the 52-week high.
Insider Transactions
SCHW stock investors should be aware that The Charles Schwab Corporation (SCHW) stock had its last reported insider trading activity 20 days ago on Jul 26. On Jul 26, Co-Chairman Schwab Charles R. sold 75,760 shares at $66.60 each. This transaction resulted in the insider making $5,045,821. On Jul 24, Schwab Charles R. sold 72,047 shares at a price of US$66.66. After the transaction, the insider now owns 59,748,538 shares. Co-Chairman Schwab Charles R. had earlier sold 77,640 shares on May 22 for $51.76 a share. The transaction was completed for $4,018,584.
Valuation Metrics
The Charles Schwab Corporation (SCHW) has a trailing price-to-earnings (P/E) ratio of 17.94. Beta for the stock is 0.91. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.52, the price-to-book (PB) ratio of 4.02, and the price-to-cash flow ratio of 10.61.
Company paid $0.25 per share in dividends, remained unchanged from $0.25 last year. A $0.03 dividend increase was reported on Thursday January 26 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.27, and the total debt to equity ratio is 13.44. As far as profitability goes, gross margin for the trailing twelve months is 82.80% percent. The Charles Schwab Corporation’s operating margin stood at 36.20% for the same period. Based on annual data, it had gross profit of $10.36 billion and revenue of $20.76 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SCHW’s return on assets (ROA) during the last 12 months has been 1.20%. There was a 1.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 23.60%.
Earnings Surprise
According to The Charles Schwab Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $4.66 billion, while revenues fell by -9.39% to $5.12 billion. It was predicted that The Charles Schwab Corporation’s quarterly earnings would be $0.75, but it ended up being $0.71, beating the consensus by 5.60%. EBITDA was $2.48 billion for the quarter. At the end of The Charles Schwab Corporation’s most recent quarter ended June 29, its total debt was $75.92 billion. Equity owned by shareholders amounts to $1.77 billion.
Technical Picture
Here’s a quick look at The Charles Schwab Corporation’s (SCHW) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 32.94%, suggesting the stock is Neutral, with a 21.23% historical volatility rate.
The stochastic %K and %D were 9.56% and 19.40% respectively, while the average true range (ATR) was 1.53. Based on the 14-day stochastic reading of 4.09%, the RSI (14) reading is 44.13%. On the 9-day MACD Oscillator, the stock is at -1.35, and the 14-day reading is at -1.79.
Analyst Ratings
In a note to investors, UBS maintained its a Buy rating on The Charles Schwab Corporation (NYSE: SCHW). However, the firm raised their price target to $80, indicating a possible increase of 7.79% in the stock price. Analysts have assigned The Charles Schwab Corporation (SCHW) an Overweight rating. SCHW is a stock that is recommended for selling by 1 brokerage firm, while 3 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 14 others recommend it as a buy.
What is SCHW’s price target for the next 12 months?
The current consensus forecast for the stock is between $50.00 and $95.00, with a median target price of $75.00. In analyzing these forecasts, the average price target given by analysts for The Charles Schwab Corporation (SCHW) is $73.76.
