Somewhat Positive News Coverage Somewhat Unlikely to Affect Charles Schwab (SCHW) Stock Price
News coverage about Charles Schwab (NYSE:SCHW) has been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Charles Schwab earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.8215472860086 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Charles Schwab Core Equity Fund Among Zacks’ Top Mutual Funds You Can Buy for $100 (finance.yahoo.com)
- What’s behind Charles Schwab’s Premium Valuations? (finance.yahoo.com)
- Charles Schwab Corp (SCHW) Expected to Announce Quarterly Sales of $2.23 Billion (americanbankingnews.com)
- Simplicity Vs. Schwab’s Robo Portfolio (finance.yahoo.com)
- Vanguard’s New CEO Wants Investors to Keep More of Their Own Money (finance.yahoo.com)
A number of equities research analysts recently weighed in on SCHW shares. BidaskClub cut Charles Schwab from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 17th. Jefferies Group reaffirmed a “buy” rating and set a $49.00 price target on shares of Charles Schwab in a report on Friday, September 15th. Morgan Stanley raised their price target on Charles Schwab from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, October 5th. Deutsche Bank raised their price target on Charles Schwab from $46.00 to $47.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $63.00 price target (up from $56.00) on shares of Charles Schwab in a report on Tuesday, December 26th. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $51.25.
Charles Schwab (NYSE SCHW) traded up $0.63 during midday trading on Thursday, hitting $54.17. The stock had a trading volume of 5,380,000 shares, compared to its average volume of 6,860,000. The firm has a market cap of $72,540.00, a PE ratio of 34.72, a P/E/G ratio of 1.30 and a beta of 1.75. Charles Schwab has a one year low of $37.16 and a one year high of $54.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.30.
Charles Schwab (NYSE:SCHW) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Charles Schwab had a return on equity of 15.77% and a net margin of 27.30%. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period last year, the firm earned $0.35 EPS. equities research analysts forecast that Charles Schwab will post 1.61 earnings per share for the current year.
In other news, EVP Terri R. Kallsen sold 2,026 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $51.30, for a total value of $103,933.80. Following the transaction, the executive vice president now directly owns 1,706 shares in the company, valued at approximately $87,517.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Charles R. Schwab sold 225,000 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $44.89, for a total value of $10,100,250.00. The disclosure for this sale can be found here. Insiders sold a total of 1,658,531 shares of company stock valued at $77,397,901 over the last three months. Insiders own 12.00% of the company’s stock.
About Charles Schwab
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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