Headlines about The Charles Schwab Corporation (NYSE:SCHW) have been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Charles Schwab Corporation earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 45.3562916416256 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s analysis:
- Does $42.72 justifies The Charles Schwab Corporation (SCHW) shares? (fishinghd.com)
- The Charles Schwab Corporation (SCHW) Stake Decreased by Capital One National Association (ismboard.com)
- The Charles Schwab Corp. breached its 50 day moving average in a Bearish Manner : SCHW-US : August 10, 2017 (finance.yahoo.com)
- E*Trade: More Commission-Free ETFs, but Try not to Trade Them so Much (finance.yahoo.com)
- Charles Schwab Corp (SCHW) Moving -1.62% in Session – Evergreen Caller (evergreencaller.com)
A number of brokerages have weighed in on SCHW. Deutsche Bank AG lowered The Charles Schwab Corporation from a “buy” rating to a “hold” rating and increased their price target for the stock from $40.00 to $43.00 in a research note on Tuesday, July 11th. Morgan Stanley reissued 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 note on Monday, July 10th. Citigroup Inc. began coverage on The Charles Schwab Corporation in a research note on Thursday, July 13th. They set a “neutral” rating and a $46.00 price target on the stock. Rosenblatt Securities began coverage on The Charles Schwab Corporation in a research note on Thursday, July 13th. They set a “neutral” rating and a $46.00 price target on the stock. Finally, BidaskClub lowered The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The Charles Schwab Corporation currently has a consensus rating of “Buy” and a consensus price target of $44.00.
Shares of The Charles Schwab Corporation (SCHW) opened at 40.65 on Friday. The firm has a market capitalization of $54.44 billion, a P/E ratio of 27.28 and a beta of 1.63. The Charles Schwab Corporation has a one year low of $29.83 and a one year high of $44.10. The company has a 50-day moving average price of $42.68 and a 200 day moving average price of $41.04.
The Charles Schwab Corporation (NYSE:SCHW) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The business’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. Analysts expect that The Charles Schwab Corporation will post $1.61 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be issued a dividend of $0.08 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.32 annualized dividend and a dividend yield of 0.79%. The Charles Schwab Corporation’s payout ratio is 21.48%.
In other news, insider Marie A. Chandoha sold 9,705 shares of The Charles Schwab Corporation stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $43.17, for a total transaction of $418,964.85. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 26,000 shares of The Charles Schwab Corporation stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $42.80, for a total transaction of $1,112,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 924,122 shares of company stock worth $39,694,987. Insiders own 12.00% of the company’s stock.
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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