Take off with The Charles Schwab Corporation (SCHW): Get ready for trading

The Charles Schwab Corporation (NYSE: SCHW) stock jumped 1.58% on Tuesday to $52.79 against a previous-day closing price of $51.97. With 14.86 million shares changed hands, the volume of the stock remained lighter than its average volume of 28.95 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $53.35 whereas the lowest price it dropped to was $52.16. The 52-week range on SCHW shows that it touched its highest point at $86.63 and its lowest point at $45.00 during that stretch. It currently has a 1-year price target of $66.69. With its current market cap of 96.23 billion, SCHW has annualized dividend of $1.00 while the current yield stands at 1.89%. Beta for the stock currently stands at 0.88.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SCHW was up-trending over the past week, with a rise of 5.39%, but this was down by -0.62% over a month. Three-month performance dropped to -34.01% while six-month performance fell -33.86%. The stock lost -16.58% in the past year, while it has lost -36.60% so far this year. A look at the trailing 12-month EPS for SCHW yields 3.67 with Next year EPS estimates of 4.18. For the next quarter, that number is 0.77. This implies an EPS growth rate of 24.00% for this year and 26.08% for next year. EPS is expected to grow by 9.80% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 16.30%.

Float and Shares Shorts:

At present, 1.83 billion SCHW shares are outstanding with a float of 1.69 billion shares on hand for trading. On Apr 27, 2023, short shares totaled 30.92 million, which was 1.70% higher than short shares on Mar 30, 2023. In addition to SCHW as the firm’s Charles Schwab Corporation (The, SCHD serves as its Schwab US Dividend Equity ETF.


Institutional Ownership:

Other institutions hold 7.45% of SCHW, in contrast to 42.73% held by mutual funds. Shares owned by individuals account for 40.62%. As the largest shareholder in SCHW with 12.66% of the stake, TD Asset Management, Inc. holds 226,800,994 shares worth 226,800,994. A second-largest stockholder of SCHW, The Vanguard Group, Inc., holds 119,607,183 shares, controlling over 6.68% of the firm’s shares. Dodge & Cox is the third largest shareholder in SCHW, holding 78,462,490 shares or 4.38% stake. With a 2.93% stake in SCHW, the Dodge & Cox Stock Fund is the largest stakeholder. A total of 52,449,900 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.67% of SCHW stock, is the second-largest Mutual Fund holder. It holds 47,795,320 shares valued at 2.5 billion. Vanguard 500 Index Fund holds 1.99% of the stake in SCHW, owning 35,610,401 shares worth 1.86 billion.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SCHW since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SCHW analysts setting a high price target of $85.00 and a low target of $46.00, the average target price over the next 12 months is $66.14. Based on these targets, SCHW could surge 61.02% to reach the target high and fall by -12.86% to reach the target low. Reaching the average price target will result in a growth of 25.29% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded SCHW stock several times over the past three months with 22 Buys and 14 Sells. In these transactions, 903,160 shares were bought while 421,640 shares were sold. The number of buy transactions has increased to 34 while that of sell transactions has risen to 79 over the past year. The total number of shares bought during that period was 1,186,357 while 13,507,615 shares were sold.

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