Charles Schwab Corp. (SCHW): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Schwab Survey: Bullish Sentiment Surges Among Retail Traders.

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Stocks Info

This NYSE-listed company operates within the Capital Markets industry segment, falling under the Financial sector. The current market capitalization of Charles Schwab Corp. is $115.83B. A total of 5.48 million shares were traded on the day, compared to an average of 9.10M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, SCHW has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 40 BUYs and 32 SELLs from insiders. Insiders purchased 1,092,416 shares during that period but sold 990,964.

In the most recent transaction, Schwab Charles R. sold 58,500 shares of SCHW for 64.72 per share on Feb 23. After the transaction, the Co-Chairman now owns 61,134,038 company shares. In a previous transaction on Feb 22, Schwab Charles R. sold 58,500 shares at 64.60 per share. SCHW shares that Co-Chairman owns now total 61,192,538.

Among the insiders who sold shares, Schwab Charles R. disposed of 71,226 shares on Feb 15 at a per-share price of $64.99. This resulted in the Co-Chairman holding 61,251,038 shares of SCHW after the transaction. In another insider transaction, Crawford Peter B. sold 8,000 shares at $64.76 per share on Feb 15. Company shares held by the CFO now total 29,611.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Charles Schwab Corp. pays an annual dividend of $1.00, resulting in a dividend yield of 1.53%, and it has a price to earnings (P/E) ratio of 25.75. SCHW’s most recent ex-dividend date was 2/8/2024 when it declared a $0.25 quarterly dividend that was paid in cash on 2/23/2024. Previously, the company paid the dividend on 11/24/2023 with an ex-dividend date of 11/9/2023. The SCHW stock dividend was $0.25 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for SCHW in the last 3 months, the mean price target is $72.39 with high estimates of $90.00 and low estimates of $58.00. In terms of 52-week highs and lows, SCHW has a high of $81.32 and a low of $45.00.

As of this writing, SCHW has an earnings estimate of $0.75 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $0.83 per share and a lower estimate of $0.67. The company reported an EPS of $0.77 in the last quarter, which was 4.10% higher than expectations of $0.74.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. Its Book Value Per Share was $17.92, while its Total Shareholder’s Equity was $56.26B.

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, 0 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 Buy with a score of 3.95.

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