Charles Schwab (NYSE:SCHW) Stock Price Target Lowered at Evercore

Charles Schwab (NYSE:SCHW) had its price objective cut by Evercore from $107.00 to $104.00 in a report published on Friday.

SCHW has been the topic of a number of other reports. Weiss Ratings upgraded Charles Schwab from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 10th. Bank of America lifted their price objective on shares of Charles Schwab from $91.00 to $95.00 and gave the stock an “underperform” rating in a research note on Monday, October 5th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $111.00 target price (up from $109.00) on shares of Charles Schwab in a research note on Friday. Compass Point assumed coverage on shares of Charles Schwab in a research report on Monday, August 3rd. They set a “buy” rating and a $135.00 price objective for the company. Finally, BMO Capital Markets lowered their target price on Charles Schwab from $105.00 to $97.00 and set a “market perform” rating on the stock in a research report on Monday. Eighteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Charles Schwab has an average rating of “Moderate Buy” and an average target price of $120.82.

Charles Schwab Price Performance

Charles Schwab stock traded down $2.32 during trading hours on Friday, hitting $89.64. 12,502,472 shares of the stock were exchanged, compared to its average volume of 10,096,689. The stock has a market capitalization of $155.01 billion, a P/E ratio of 15.30, a P/E/G ratio of 0.81 and a beta of 0.79. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.64 and a current ratio of 0.64. Charles Schwab has a 12 month low of $83.96 and a 12 month high of $114.53. The business’s 50-day moving average is $104.50 and its two-hundred day moving average is $98.18.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.03. The business had revenue of $7.17 billion for the quarter, compared to analyst estimates of $7.18 billion. Charles Schwab had a return on equity of 25.79% and a net margin of 39.33%. Charles Schwab’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.31 EPS. Equities research analysts expect that Charles Schwab will post 6.44 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, August 14th. Charles Schwab’s dividend payout ratio is currently 21.84%.

Insiders Place Their Bets

In related news, General Counsel Peter J. Morgan III sold 6,952 shares of the company’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $102.03, for a total transaction of $709,312.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nigel J. Murtagh sold 32,947 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $104.01, for a total transaction of $3,426,817.47. Following the sale, the insider directly owned 57,972 shares of the company’s stock, valued at approximately $6,029,667.72. This trade represents a 36.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 645,582 shares of company stock valued at $69,553,935 in the last three months. Insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

Hedge funds and other institutional investors have recently made changes to their positions in the stock. New Wave Wealth Advisors LLC raised its position in Charles Schwab by 15.8% in the third quarter. New Wave Wealth Advisors LLC now owns 3,341 shares of the financial services provider’s stock valued at $321,000 after purchasing an additional 457 shares during the last quarter. Herold Advisors Inc. boosted its holdings in Charles Schwab by 11.6% in the third quarter. Herold Advisors Inc. now owns 11,054 shares of the financial services provider’s stock valued at $1,080,000 after acquiring an additional 1,149 shares during the last quarter. Kaufman Rossin Wealth LLC bought a new stake in Charles Schwab in the third quarter valued at approximately $232,000. Clark Wealth Partners increased its position in shares of Charles Schwab by 28.1% during the third quarter. Clark Wealth Partners now owns 707 shares of the financial services provider’s stock worth $69,000 after buying an additional 155 shares during the period. Finally, Grant Private Wealth Management Inc bought a new position in shares of Charles Schwab in the 3rd quarter worth about $963,000. 84.38% of the stock is owned by institutional investors.

Key Stories Impacting Charles Schwab

Here are the key news stories impacting Charles Schwab this week:

• Positive Sentiment: Schwab’s CEO said clients using artificial intelligence for trading are holding more cash than other active traders, potentially supporting deposits, liquidity and net interest revenue. AI Was Expected to Drain Charles Schwab’s Cash
• Positive Sentiment: The company added an international bond exchange-traded fund, broadening its investment-product lineup and potentially increasing fee-generating assets. Charles Schwab Added an International Bond ETF
• Positive Sentiment: Citizens reaffirmed a “Market Outperform” rating, while recent quarterly results showed earnings above consensus, record revenue and year-over-year revenue growth. Citizens Reaffirms Market Outperform Rating
• Neutral Sentiment: Schwab and other financial firms are blocking unauthorized third-party AI agents from accessing accounts or moving money. The measures may reduce security and liability risks, but could limit near-term AI-related innovation and customer functionality. Schwab and JPMorgan Block Unauthorized AI Agents
• Negative Sentiment: Although quarterly EPS exceeded expectations, revenue came in slightly below analyst forecasts. The mixed result has contributed to cautious investor sentiment. Charles Schwab Shares Dip After Q3 Revenue Disappoints
• Negative Sentiment: BMO Capital Markets lowered its price target from $105 to $97 and assigned a “Market Perform” rating. JPMorgan also cut its price target, reinforcing concerns about the stock’s near-term upside and valuation. Charles Schwab Price Target Cut by JPMorgan

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a financial services company that provides investment, wealth management, banking and related services to individual investors, financial professionals and institutional clients. Through its brokerage business, Schwab offers trading and custody services for stocks, exchange-traded funds, mutual funds, options, fixed-income securities and other investments, along with retirement accounts and investment research tools.

The company also provides advisory and wealth management services, including managed portfolios, financial planning and support for registered investment advisors.