Media stories about The Charles Schwab Corporation (NYSE:SCHW) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. The Charles Schwab Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 46.2186089954758 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- How Surprisingly Stock Hit Valuation Standards: The Charles Schwab Corporation (NYSE:SCHW) – NASDAQ Times (nasdaqtimes.com)
- Schwab Launches Web and Mobile Platforms, Completes OptionsXpress Integration – Finance Magnates (financemagnates.com)
- Schwab Launches New StreetSmart Central™ and StreetSmart Mobile™ Trading Platforms, Marks Completion of optionsXpress Integration (finance.yahoo.com)
- Charles Schwab Stock Hits All-Time High Last Week (finance.yahoo.com)
- Bay Area residents say they need $4.2 million to feel rich here (feeds.bizjournals.com)
SCHW has been the subject of several research analyst reports. BidaskClub upgraded shares of The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Morgan Stanley restated an “overweight” rating and set a $48.00 price objective (up from $45.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 10th. Wells Fargo & Company restated a “market perform” rating and set a $44.00 price objective (up from $42.00) on shares of The Charles Schwab Corporation in a research report on Monday, June 12th. Barclays PLC boosted their price objective on shares of The Charles Schwab Corporation from $48.00 to $51.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $46.00 price objective on shares of The Charles Schwab Corporation in a research report on Friday, June 16th. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The Charles Schwab Corporation presently has a consensus rating of “Buy” and an average price target of $45.88.
Shares of The Charles Schwab Corporation (NYSE SCHW) traded down 0.70% during mid-day trading on Tuesday, reaching $45.09. The Charles Schwab Corporation has a 12-month low of $30.66 and a 12-month high of $46.21. The company has a market capitalization of $60.38 billion, a price-to-earnings ratio of 30.26 and a beta of 1.68. The firm has a 50 day moving average of $41.41 and a 200 day moving average of $40.97.
The Charles Schwab Corporation (NYSE:SCHW) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 earnings per share. On average, equities analysts forecast that The Charles Schwab Corporation will post $1.62 earnings per share for the current fiscal year.
In related news, Chairman Charles R. Schwab sold 350,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $43.10, for a total transaction of $15,085,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph R. Martinetto sold 89,330 shares of the business’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $42.51, for a total transaction of $3,797,418.30. Following the sale, the executive vice president now directly owns 207,961 shares in the company, valued at approximately $8,840,422.11. The disclosure for this sale can be found here. Insiders have sold a total of 1,035,705 shares of company stock worth $44,665,539 in the last ninety days. Insiders own 12.00% of the company’s stock.
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The Charles Schwab Corporation Company Profile
The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.
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