EVP – Investor Services Kallsen Terri R sold 4,913 shares in The Charles Schwab Corporation (NYSE:SCHW) for $1,180 in transaction occurred on 2018/12/03. After making this transaction, the EVP – Investor Services owns a direct stake of 226,440 shares, worth $48,604, as per the last closing price. On 2018/11/15 Schwab Charles R, Chairman, 10% Owner at SCHW, dumped 383,000 shares at an average price of $46.97 per share. The selling total is valued at $5,360,000,000.
Separately, it had been reported that some other SCHW insiders also took part of the insider trading activity. President – CSIM, Chandoha Marie A had divested 12,400 shares through a trade on 2018/11/05. Following this activity, the insider holds 585,032 shares . Wall Street’s most bullish The Charles Schwab Corporation (NYSE:SCHW) analysts are predicting the share price to blow past $66 per share during the next 12 months. The current median share price forecast by them is $54, suggesting that the stock could increase 31.1% in that time frame. The average price target of $54.5 calls for a nearly 32.31% increase in the stock price.
The Charles Schwab Corporation (SCHW) trading activity significantly weakened as the volume at ready counter decreased to 7,584,547 shares versus 9,397,845 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 7,012,202 shares. The share price dropped -0.58% in recent trade and currently has a stock-market value of $55.95B. The shares finished at $41.19, after trading as low as $40.43 earlier in the session. It hit an intraday high Friday at $41.905. The stock is now 2.77% above against its bear-market low of $40.08 on December 10, 2018. It has retreated -46.2% since it’s 52-week high of $60.22 reached in May. Now the market price is down -18.16% on the year and down -19.82% YTD.
SCHW’s 50 day simple moving average (SMA 50) price is $45.95 and its 200-day simple moving average (SMA 200) price is $51.51. The company’s stock currently has a total float of 1.2B shares. Its weekly volatility is hovering around 3.21% and felt 3% volatility in price over a month. On the upside, the share price will test short term resistance at around $41.92. On a downside, the stock is likely to find some support, which begins at $40.44. The failure to get near-term support could push it to $39.7.
It had seen a new analyst call from Goldman, which initiated the stock at Buy on November 30. Analysts at Citigroup, shed their negative views on November 26 by lifting it fromSell to Neutral. The stock lost favor of UBS analysts who expressed their lack of confidence in it using a downgrade from Buy to Neutral on November 19. Raymond James analysts came out with bullish views on October 30 when the call was made. They think the stock is now Outperform compared to to their prior call for Mkt Perform.
When looking at valuations, The Charles Schwab Corporation (SCHW) has a cheap P/E of 18.45x as compared to industry average of 77.65x. Moreover, it trades for 14.29 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 3.09x price/book and 5.38x price/sales. Compared to others, The Charles Schwab Corporation is in a different league with regards to profitability, having net margins of 28.8%. To put some perspective around this, the industry’s average net margin is 17.66%. SCHW’s ROE is 17.7%, which is also considerably better than the industry’s ROE of 8.12%.
Shares of The Charles Schwab Corporation (SCHW) have dropped -8.5% since the company’s last earnings report. Over the past 12 fiscal quarters, The Charles Schwab Corporation (NYSE:SCHW) has topped consensus earnings estimates in 7 quarters (58%), missed earnings in 0 quarters (0%), whereas at 5 occasion EPS met analyst expectations. SCHW last reported earnings on October 15, 2018 when it released Sep-18 results that receded expectations. The company raked in $0.65 per share, -2.99% change on the same period last year. That was worse than consensus for $0.65. Revenue for the recent quarter stood at $2.58 billion, up 19% on last year and below the $2.58 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $2.62 billion to $2.71 billion, which should be compared with $2.58 billion generated last year. EPS is seen in a range of $0.57 to $0.68, against the $0.54 reported a year ago.