Chairman, 10% Owner Schwab Charles R sold 250,000 shares in The Charles Schwab Corporation (NYSE:SCHW) for $129,000,000 in transaction occurred on 2019/02/01. After making this transaction, the Chairman, 10% Owner owns a direct stake of 11,760,000 shares, worth $5,770,000,000, as per the last closing price. On 2019/01/15 Craig Jonathan M., Senior EVP at SCHW, dumped 3,739 shares at an average price of $43.58 per share. The selling total is valued at $.
Separately, it had been reported that some other SCHW insiders also took part of the insider trading activity. President and CEO, Bettinger Walter W had invested in 124,669 shares for $376,306 through a trade on 2018/12/26. Following this activity, the insider holds 4,838,404 shares worth $16,843,457 as of recent close. Wall Street’s most bullish The Charles Schwab Corporation (NYSE:SCHW) analysts are predicting the share price to blow past $65 per share during the next 12 months. The current median share price forecast by them is $53, suggesting that the stock could increase 18.41% in that time frame. The average price target of $52.18 calls for a nearly 16.58% increase in the stock price.
The Charles Schwab Corporation (SCHW) trading activity significantly weakened as the volume at ready counter decreased to 6,494,101 shares versus 7,244,245 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 7,211,652 shares. The share price dropped -0.93% in recent trade and currently has a stock-market value of $61.01B. The shares finished at $44.76, after trading as low as $43.88 earlier in the session. It hit an intraday high Friday at $45. The stock is now 18.32% above against its bear-market low of $37.83 on December 26, 2018. It has retreated -34.54% since it’s 52-week high of $60.22 reached in May. Now the market price is down -13.97% on the year and up 7.78% YTD.
SCHW’s 50 day simple moving average (SMA 50) price is $43.78 and its 200-day simple moving average (SMA 200) price is $49.76. The company’s stock currently has a total float of 1.2B shares. Its weekly volatility is hovering around 2.23% and felt 2.09% volatility in price over a month. On the upside, the share price will test short term resistance at around $45.21. On a downside, the stock is likely to find some support, which begins at $44.09. The failure to get near-term support could push it to $43.43.
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.
When looking at valuations, The Charles Schwab Corporation (SCHW) has a cheap P/E of 18.3x as compared to industry average of 21.98x. Moreover, it trades for 14.42 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 3.35x price/book and 5.55x price/sales. Compared to others, The Charles Schwab Corporation is in a different league with regards to profitability, having net margins of 24.4%. To put some perspective around this, the industry’s average net margin is 12.43%. SCHW’s ROE is 15.9%, which is also considerably better than the industry’s ROE of 5.87%.
SCHW last reported earnings on January 16, 2019 when it released Dec-18 results that exceeded expectations. The company raked in $0.65 per share, -62.64% change on the same period last year. That was better than consensus for $0.64. Revenue for the recent quarter stood at $2.67 billion, up 19% on last year and above the $2.64 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $2.63 billion to $2.75 billion, which should be compared with $2.72 billion generated last year. EPS is seen in a range of $0.62 to $0.71, against the $0.65 reported a year ago.