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Wednesday, February 1, 2023

Analyst Expects The Charles Schwab Corporation (NYSE: SCHW) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for The Charles Schwab Corporation (SCHW) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.10, or 0.12%, to $83.36. The The Charles Schwab Corporation has recorded 173,263 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Schwab Asset Management Announces Zero Capital Gains Distributions for Schwab ETFs for 2022.

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Stocks Info

As a NYSE listed company, SCHW falls under the Financial sector while operating within the Capital Markets industry segment. At the end of the last regular session, the stock closed at $83.26 and fluctuated between $83.38 as its day high and $82.00 as its day low. The current market capitalization of The Charles Schwab Corporation is $154.30B. A total of 5.06 million shares were traded on the day, compared to an average of 7.49M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SCHW has seen 3 BUY and 31 SELL insider trades, representing the acquisition of 24,352 and the disposition of 886,710 shares. Over the last 12 months, there were 43 BUYs and 75 SELLs from insiders. Insiders purchased 803,554 shares during that period but sold 6,766,014.

In the most recent transaction, Schwab Charles R. sold 132,050 shares of SCHW for 79.66 per share on Nov 18. After the transaction, the Co-Chairman now owns 31,111,456 company shares. In a previous transaction on Nov 11, Schwab Charles R. sold 132,050 shares at 78.29 per share. SCHW shares that Co-Chairman owns now total 31,159,531.

Among the insiders who sold shares, Morgan Peter J. III disposed of 1,463 shares on Nov 08 at a per-share price of $80.04. This resulted in the MD, EVP, and General Counsel holding 1,803 shares of SCHW after the transaction. In another insider transaction, Schwab Charles R. sold 135,000 shares at $79.26 per share on Nov 04. Company shares held by the Co-Chairman now total 69,022,467.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. The Charles Schwab Corporation pays an annual dividend of $0.88, resulting in a dividend yield of 1.06%, and it has a price to earnings (P/E) ratio of 25.28. SCHW’s most recent ex-dividend date was 11/9/2022 when it declared a $0.22 quarterly dividend that was paid in cash on 11/25/2022. Previously, the company paid the dividend on 8/26/2022 with an ex-dividend date of 8/11/2022. The SCHW stock dividend was $0.22 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SCHW in the last 3 months, the mean price target is $91.87 with high estimates of $122.00 and low estimates of $75.00. In terms of 52-week highs and lows, SCHW has a high of $96.24 and a low of $59.35.

As of this writing, SCHW has an earnings estimate of $1.1 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $1.17 per share and a lower estimate of $1.02. The company reported an EPS of $0.97 in the last quarter, which was 6.60% higher than expectations of $0.91.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 21 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SCHW is Sell with a score of 4.20. A total of 11 analysts rated the stock as Buy while 1 rated it as Overweight while 9 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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