Charles Schwab (NYSE:SCHW) Now Covered by Analysts at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Charles Schwab (NYSE:SCHW) in a research report released on Friday morning, MarketBeat Ratings reports. The firm issued an equal weight rating and a $105.00 price target on the financial services provider’s stock.

Other analysts have also recently issued research reports about the stock. Argus lifted their price objective on shares of Charles Schwab from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Piper Sandler lowered their target price on shares of Charles Schwab from $118.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday. Weiss Ratings upgraded Charles Schwab from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 10th. BMO Capital Markets downgraded Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 price target on the stock. in a research report on Monday, July 20th. Finally, Morgan Stanley raised their price objective on Charles Schwab from $133.00 to $136.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.37.

Charles Schwab Stock Performance

SCHW opened at $96.77 on Friday. The business has a fifty day simple moving average of $106.49 and a 200 day simple moving average of $98.02. The company has a market capitalization of $167.34 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 0.86 and a beta of 0.79. Charles Schwab has a 1 year low of $83.96 and a 1 year high of $114.53. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.64 and a quick ratio of 0.64.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.06. The company had revenue of $7.07 billion during the quarter, compared to the consensus estimate of $6.90 billion. Charles Schwab had a return on equity of 24.53% and a net margin of 38.79%.The company’s revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 earnings per share. Research analysts expect that Charles Schwab will post 6.46 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a dividend of $0.32 per share. The ex-dividend date was Friday, August 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.3%. Charles Schwab’s dividend payout ratio (DPR) is currently 23.27%.

Insiders Place Their Bets

In other Charles Schwab news, Director Paula Sneed sold 5,263 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $107.15, for a total transaction of $563,930.45. Following the completion of the transaction, the director directly owned 91,711 shares in the company, valued at $9,826,833.65. The trade was a 5.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Peter Morgan, III sold 6,952 shares of the company’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $102.03, for a total value of $709,312.56. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 647,582 shares of company stock valued at $69,753,955 over the last three months. 6.30% of the stock is owned by corporate insiders.

Institutional Trading of Charles Schwab

Several institutional investors and hedge funds have recently modified their holdings of SCHW. Compass Financial Management LLC acquired a new stake in shares of Charles Schwab in the 2nd quarter valued at approximately $27,000. Scarborough Advisors LLC acquired a new position in Charles Schwab during the 1st quarter worth approximately $29,000. Main Street Group LTD bought a new position in Charles Schwab in the 1st quarter valued at approximately $33,000. SHP Wealth Management acquired a new stake in Charles Schwab in the fourth quarter valued at approximately $42,000. Finally, J.Safra Asset Management Corp bought a new stake in shares of Charles Schwab during the second quarter worth $39,000. 84.38% of the stock is currently owned by institutional investors.

Key Headlines Impacting Charles Schwab

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

• Positive Sentiment: Potential earnings beat: Schwab’s history of exceeding consensus estimates, combined with favorable earnings and revenue indicators, suggests the company may outperform expectations in its next quarterly report. This is an expectation rather than reported earnings, so the benefit remains speculative. Will Charles Schwab Beat Estimates Again
• Positive Sentiment: Texas Stock Exchange listing: Charles Schwab plans to begin a secondary listing on the Texas Stock Exchange under the existing SCHW ticker on October 7 while retaining its primary New York Stock Exchange listing. The move could broaden investor access and strengthen Schwab’s visibility in its Texas home market, although the immediate financial impact is likely limited. Schwab Initiates Secondary Listing on the Texas Stock Exchange
• Positive Sentiment: AI customer support rollout: Schwab has introduced “Charley,” an artificial-intelligence assistant that can answer investor questions and complete certain service tasks. The tool may improve customer support efficiency and engagement, though it currently does not execute trades. Charles Schwab Launches AI Assistant for Client Support
• Neutral Sentiment: Forge-related deal expansion: Reports indicate an expansion involving Schwab and Forge, but the available headline provides limited detail about the transaction’s terms or expected earnings contribution. Investors may await clarification before assigning significant value to the development. Charles Schwab Stock Trades as Forge Deal Expands
• Negative Sentiment: Lower valuation target: Piper Sandler reduced its price target for SCHW from $118 to $100 and maintained a neutral rating. Although the revised target remains above the stock’s referenced trading level, the cut signals more limited near-term upside and is the clearest negative catalyst in the recent coverage. Piper Sandler Adjusts Charles Schwab Price Target

Charles Schwab Company Profile

Charles Schwab Corporation (NYSE:SCHW) is a financial services company that provides brokerage, investment, banking and wealth management services to individual investors, employers, institutions and independent investment advisors. Its offerings include online and mobile trading, securities brokerage, retirement accounts, financial planning, portfolio management, banking products, research and access to mutual funds and exchange-traded funds.

The company operates through businesses including Schwab Brokerage, Schwab Wealth Advisory, Schwab Asset Management and Charles Schwab Bank.