This morning we watched Charles Schwab drop -1.4% to a price of $84.44 per share. The large-cap Capital Markets company is now trading -12.34% below its average target price of $96.33. Analysts have set target prices ranging from $83 to $122 per share for Charles Schwab, and have given the stock an average rating of buy.
Charles Schwab's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.0%. The stock's short ratio is 2.76. The company's insiders own 6.73% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 88.3%. In conclusion, we believe there is positive market sentiment regarding Charles Schwab.
Institutions Invested in Charles Schwab
Holder | Shares | Date Reported | Percentage | Value |
---|---|---|---|---|
Vanguard Group, Inc. (The) | 124,437,061 | 2022-09-29 | 7% | $10,507,465,734 |
Blackrock Inc. | 102,936,741 | 2022-09-29 | 6% | $8,691,978,661 |
Dodge & Cox Inc | 80,511,141 | 2022-09-29 | 4% | $6,798,360,942 |
Wellington Management Group, LLP | 75,415,805 | 2022-09-29 | 4% | $6,368,110,758 |
State Street Corporation | 65,566,364 | 2022-09-29 | 4% | $5,536,423,936 |
Price (T.Rowe) Associates Inc | 50,820,314 | 2022-09-29 | 3% | $4,291,267,438 |
Massachusetts Financial Services Co. | 31,895,350 | 2022-09-29 | 2% | $2,693,243,431 |
JP Morgan Chase & Company | 31,485,042 | 2022-09-29 | 2% | $2,658,597,023 |
Geode Capital Management, LLC | 26,052,507 | 2022-09-29 | 1% | $2,199,873,754 |
AllianceBernstein, L.P. | 20,767,564 | 2022-09-29 | 1% | $1,753,613,154 |