Charles Schwab stock is trading -14.61% below its average target price of $79.67 after dropping -9.4% during today's afternoon session. Analysts are giving the Large-Cap Capital Markets company an average rating of buy and target prices ranging from $63.0 to $90.0 per share.
The stock has a very low short interest at 0.9%, and a short ratio of 2.45. The company's insiders own 6.26% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 85.4% of Charles Schwab's shares being owned by this investor type.
Institutions Invested in Charles Schwab
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Toronto Dominion Bank | 13% | 226,085,359 | $15,381,152,462 |
| 2024-03-31 | Vanguard Group Inc | 7% | 120,963,133 | $8,229,424,493 |
| 2024-03-31 | Blackrock Inc. | 6% | 99,536,627 | $6,771,725,697 |
| 2024-03-31 | Dodge & Cox Inc | 5% | 86,297,094 | $5,871,007,152 |
| 2024-03-31 | Price (T.Rowe) Associates Inc | 4% | 72,306,560 | $4,919,196,131 |
| 2024-03-31 | State Street Corporation | 3% | 61,539,248 | $4,186,668,964 |
| 2024-03-31 | JP Morgan Chase & Company | 2% | 40,834,832 | $2,778,095,757 |
| 2024-03-31 | Massachusetts Financial Services Co. | 2% | 30,753,371 | $2,092,228,750 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 29,043,523 | $1,975,903,513 |
| 2024-03-31 | Morgan Stanley | 1% | 23,289,117 | $1,584,416,880 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Charles Schwab.
