Somewhat Positive Media Coverage Somewhat Unlikely to Affect The Charles Schwab Corporation (SCHW) Share Price
Media stories about The Charles Schwab Corporation (NYSE:SCHW) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. The Charles Schwab Corporation earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.4446638662555 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern’s scoring:
- Zacks: Brokerages Expect The Charles Schwab Corporation (SCHW) Will Announce Quarterly Sales of $2.19 Billion (americanbankingnews.com)
- Meet the billionaires who are paying Trump’s legal bills (thinkprogress.org)
- Schwab now expects to bring 2,600 jobs to new campus north of Fort Worth (star-telegram.com)
- The Charles Schwab Corp. breached its 50 day moving average in a Bullish Manner : SCHW-US : September 21, 2017 (finance.yahoo.com)
- Brokerages Anticipate The Charles Schwab Corporation (SCHW) to Post $0.41 Earnings Per Share (americanbankingnews.com)
The Charles Schwab Corporation (NYSE SCHW) opened at 42.54 on Monday. The Charles Schwab Corporation has a 52-week low of $29.86 and a 52-week high of $44.10. The firm’s 50-day moving average price is $40.42 and its 200 day moving average price is $40.76. The firm has a market cap of $56.79 billion, a PE ratio of 32.47 and a beta of 1.64.
The Charles Schwab Corporation (NYSE:SCHW) last issued its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.39. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the company posted $0.30 earnings per share. The Charles Schwab Corporation’s revenue was up 16.5% on a year-over-year basis. On average, equities analysts anticipate that The Charles Schwab Corporation will post $1.61 earnings per share for the current year.
Several analysts have recently weighed in on the company. Nomura downgraded The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 24th. Instinet reissued a “neutral” rating and issued a $43.00 target price (down from $46.00) on shares of The Charles Schwab Corporation in a report on Monday, July 24th. BidaskClub raised The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Jefferies Group LLC reissued a “buy” rating and issued a $48.00 target price on shares of The Charles Schwab Corporation in a report on Wednesday, May 31st. Finally, Argus reissued a “buy” rating and issued a $48.00 target price (up from $46.00) on shares of The Charles Schwab Corporation in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $45.47.
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In other news, EVP Terri R. Kallsen sold 1,000 shares of The Charles Schwab Corporation stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $38.99, for a total transaction of $38,990.00. Following the sale, the executive vice president now owns 5,212 shares of the company’s stock, valued at $203,215.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Marie A. Chandoha sold 7,002 shares of The Charles Schwab Corporation stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $41.96, for a total value of $293,803.92. The disclosure for this sale can be found here. Insiders sold 925,122 shares of company stock worth $39,733,977 in the last three months. 12.00% of the stock is currently owned by corporate insiders.
About The Charles Schwab Corporation
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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