Somewhat Favorable Press Coverage Somewhat Unlikely to Affect The Charles Schwab Corporation (SCHW) Stock Price
Media stories about The Charles Schwab Corporation (NYSE:SCHW) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by analyzing 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 closest to one being the most favorable. The Charles Schwab Corporation earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.3401516382245 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Zacks: Brokerages Expect The Charles Schwab Corporation (SCHW) Will Post Quarterly Sales of $2.21 Billion (americanbankingnews.com)
- These 5 Top Stocks Are Carving This 'Super Growth' Pattern As S&P 500 Consolidates (finance.yahoo.com)
- Charles Schwab Has New ETF Competition: Insurance Providers – Investopedia (blog) (investopedia.com)
- Schwab IMPACT 2017 Conference Reflections (finance.yahoo.com)
The Charles Schwab Corporation (SCHW) traded up $0.04 during midday trading on Monday, reaching $44.68. 4,272,400 shares of the company’s stock traded hands, compared to its average volume of 7,058,793. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.30. The Charles Schwab Corporation has a 1 year low of $37.00 and a 1 year high of $46.21. The company has a market capitalization of $60,050.00, a price-to-earnings ratio of 28.64, a P/E/G ratio of 1.90 and a beta of 1.74.
The Charles Schwab Corporation (NYSE:SCHW) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The Charles Schwab Corporation had a net margin of 27.30% and a return on equity of 15.77%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. sell-side analysts expect that The Charles Schwab Corporation will post 1.62 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be issued a $0.08 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.32 annualized dividend and a dividend yield of 0.72%. The Charles Schwab Corporation’s dividend payout ratio is currently 20.51%.
Several analysts have issued reports on the stock. Instinet restated a “neutral” rating and issued a $43.00 price target (down from $46.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 24th. Nomura lowered shares of The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 24th. Morgan Stanley restated an “overweight” rating and issued a $51.00 price target (up from $48.00) on shares of The Charles Schwab Corporation in a research report on Tuesday, July 25th. BidaskClub downgraded shares of The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Finally, Barclays PLC assumed coverage on shares of The Charles Schwab Corporation in a report on Friday, September 8th. They set an “overweight” rating and a $48.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The Charles Schwab Corporation has a consensus rating of “Buy” and an average target price of $47.07.
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In other The Charles Schwab Corporation news, EVP Terri R. Kallsen sold 1,000 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $38.99, for a total transaction of $38,990.00. Following the sale, the executive vice president now directly owns 5,212 shares in the company, valued at $203,215.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Marie A. Chandoha sold 6,018 shares of the stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $44.06, for a total transaction of $265,153.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 923,095 shares of company stock worth $41,179,740. Corporate insiders own 12.00% of the company’s stock.
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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