News stories about The Charles Schwab Corporation (NYSE:SCHW) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. The Charles Schwab Corporation earned a news impact score of 0.14 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Critical Analysis: The Charles Schwab Corporation (NYSE:SCHW) & GAIN Capital Holdings (GCAP) (americanbankingnews.com)
- Charles Schwab Corporation (The (NYSE:SCHW) Sees Unusual Trading Volume in Its Shares (highlightpress.com)
- $2.18 Billion in Sales Expected for The Charles Schwab Corporation (NYSE:SCHW) This Quarter (americanbankingnews.com)
- Charles Schwab Corporation (The (NYSE:SCHW) Sees Significantly Lower Trading Volume – First News 24 (firstnewspaper24.com)
A number of research analysts recently issued reports on the company. Instinet restated a “conviction-buy” rating and set a $46.00 price objective (up previously from $44.00) on shares of The Charles Schwab Corporation in a research report on Friday, April 14th. Jefferies Group LLC restated a “buy” rating and set a $48.00 price objective on shares of The Charles Schwab Corporation in a research report on Wednesday, May 31st. BidaskClub upgraded The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Morgan Stanley reiterated an “overweight” rating and set a $48.00 price target (up previously from $45.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 10th. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $44.00 price target (up previously from $42.00) on shares of The Charles Schwab Corporation in a research report on Monday, June 12th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $44.00.
The Charles Schwab Corporation (SCHW) traded up 0.02% on Friday, reaching $42.55. The company had a trading volume of 5,195,184 shares. The Charles Schwab Corporation has a 12 month low of $27.71 and a 12 month high of $44.10. The firm has a 50 day moving average price of $42.56 and a 200-day moving average price of $40.95. The stock has a market capitalization of $56.93 billion, a price-to-earnings ratio of 28.56 and a beta of 1.64.
The Charles Schwab Corporation (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. The Charles Schwab Corporation had a return on equity of 15.69% and a net margin of 26.73%. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the business posted $0.30 EPS. The firm’s revenue was up 16.5% compared to the same quarter last year. Analysts forecast that The Charles Schwab Corporation will post $1.61 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Wednesday, August 9th. The Charles Schwab Corporation’s dividend payout ratio is currently 21.48%.
In other news, EVP Terri R. Kallsen sold 10,536 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $43.15, for a total transaction of $454,628.40. Following the completion of the sale, the executive vice president now owns 5,212 shares in the company, valued at $224,897.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Joseph R. Martinetto sold 115,642 shares of the business’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $42.10, for a total value of $4,868,528.20. Following the sale, the executive vice president now owns 210,868 shares of the company’s stock, valued at approximately $8,877,542.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 216,208 shares of company stock worth $9,151,381. 12.00% of the stock is owned by company insiders.
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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