The Charles Schwab Corporation (SCHW) Earning Somewhat Favorable News Coverage, Analysis Finds
Media coverage about The Charles Schwab Corporation (NYSE:SCHW) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media 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 positive one, with scores nearest to one being the most favorable. The Charles Schwab Corporation earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.242128155464 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Form 4 SCHWAB CHARLES CORP For: Sep 13 Filed by: SCHWAB CHARLES R (streetinsider.com)
- Rules relax, rates rise and some new banks start up in the U.S. (bloomberg.com)
- Understanding TD Ameritrade’s Valuations (finance.yahoo.com)
- The Charles Schwab Corp. : SCHW-US: Dividend Analysis : August 11th, 2017 (record date) : By the numbers : September 12, 2017 (finance.yahoo.com)
- What’s behind Charles Schwab’s Fair Valuations? (finance.yahoo.com)
SCHW has been the topic of a number of research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $48.00 price target on shares of The Charles Schwab Corporation in a report on Wednesday, May 31st. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $44.00 price target (up previously from $42.00) on shares of The Charles Schwab Corporation in a report on Monday, June 12th. BidaskClub raised shares of The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $46.00 target price on shares of The Charles Schwab Corporation in a research report on Friday, June 16th. Finally, William Blair reiterated an “outperform” rating on shares of The Charles Schwab Corporation in a research report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $44.72.
The Charles Schwab Corporation (SCHW) traded up 0.49% on Thursday, hitting $39.99. 5,086,015 shares of the company traded hands. The stock’s 50-day moving average is $40.60 and its 200 day moving average is $40.81. The Charles Schwab Corporation has a 12 month low of $29.86 and a 12 month high of $44.10. The firm has a market capitalization of $53.56 billion, a P/E ratio of 26.84 and a beta of 1.64.
The Charles Schwab Corporation (NYSE:SCHW) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The company 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 earned $0.30 earnings per share. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. Equities analysts forecast that The Charles Schwab Corporation will post $1.62 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were paid a $0.08 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $0.32 annualized dividend and a yield of 0.80%. The Charles Schwab Corporation’s dividend payout ratio is currently 21.48%.
In related news, Chairman Charles R. Schwab sold 26,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $42.80, for a total value of $1,112,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Terri R. Kallsen sold 10,536 shares of the business’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders sold a total of 925,122 shares of company stock worth $39,733,977 over the last three months. 12.00% of the stock is currently owned by corporate insiders.
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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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