After this morning's 6.5% surge to $72.24 per share, Charles Schwab might just keep moving past its target price of $72.67. With an average analyst rating of buy, and target prices from $60.0 to $88.0, the stock's next move is anyone's guess.
The stock has a very low short interest at 1.1%, and a short ratio of 2.27. The company's insiders own 6.27% 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 80.7% of Charles Schwab's shares being owned by this investor type.
Institutions Invested in Charles Schwab
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Toronto Dominion Bank | 13% | 225,962,971 | $16,323,564,542 |
| 2024-06-30 | Vanguard Group Inc | 7% | 122,207,640 | $8,828,279,652 |
| 2024-06-30 | Blackrock Inc. | 6% | 101,023,390 | $7,297,929,477 |
| 2024-06-30 | Dodge & Cox Inc | 5% | 85,787,053 | $6,197,256,525 |
| 2024-06-30 | Price (T.Rowe) Associates Inc | 5% | 85,194,207 | $6,154,429,331 |
| 2024-06-30 | State Street Corporation | 3% | 61,661,498 | $4,454,426,483 |
| 2024-06-30 | JP Morgan Chase & Company | 2% | 43,992,195 | $3,177,996,072 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 29,696,137 | $2,145,248,873 |
| 2024-06-30 | Massachusetts Financial Services Co. | 2% | 26,967,993 | $1,948,167,756 |
| 2024-06-30 | Morgan Stanley | 1% | 23,181,092 | $1,674,602,036 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Charles Schwab.
