Evercore Issues Pessimistic Forecast for Charles Schwab (NYSE:SCHW) Stock Price

Charles Schwab (NYSE:SCHW) had its price target dropped by equities research analysts at Evercore from $107.00 to $104.00 in a report issued on Friday. Evercore’s price target indicates a potential upside of 16.02% from the stock’s previous close.

Several other research firms have also recently weighed in on SCHW. Piper Sandler cut their price objective on Charles Schwab from $118.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, October 2nd. Morgan Stanley raised their target price on Charles Schwab from $136.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, October 9th. Compass Point started coverage on Charles Schwab in a report on Monday, August 3rd. They set a “buy” rating and a $135.00 price target for the company. BMO Capital Markets reduced their price objective on Charles Schwab from $105.00 to $97.00 and set a “market perform” rating for the company in a research report on Monday. Finally, Zacks Research downgraded shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Eighteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $120.82.

Charles Schwab Stock Performance

SCHW traded down $2.32 during trading on Friday, hitting $89.64. The stock had a trading volume of 12,502,522 shares, compared to its average volume of 10,096,689. The firm has a market cap of $155.01 billion, a PE ratio of 15.30, a P/E/G ratio of 0.81 and a beta of 0.79. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52. Charles Schwab has a 12 month low of $83.96 and a 12 month high of $114.53. The company has a 50 day simple moving average of $104.50 and a 200-day simple moving average of $98.18.

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

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Dennis Howard sold 28,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $105.01, for a total value of $2,940,280.00. Following the completion of the sale, the insider owned 10,470 shares in the company, valued at approximately $1,099,454.70. This trade represents a 72.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nigel Murtagh sold 32,947 shares of Charles Schwab stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $104.01, for a total value of $3,426,817.47. Following the sale, the insider directly owned 57,972 shares in the company, valued at $6,029,667.72. The trade was 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. Over the last 90 days, insiders have sold 645,582 shares of company stock worth $69,553,935. 6.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Charles Schwab

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its position in shares of Charles Schwab by 22.9% during the 1st quarter. Bank of New York Mellon Corp now owns 16,162,082 shares of the financial services provider’s stock valued at $1,518,913,000 after acquiring an additional 3,009,884 shares in the last quarter. Bank of America Corp DE increased its stake in Charles Schwab by 3.5% in the first quarter. Bank of America Corp DE now owns 15,623,030 shares of the financial services provider’s stock valued at $1,468,252,000 after acquiring an additional 530,191 shares during the period. Flossbach Von Storch SE acquired a new position in Charles Schwab in the second quarter worth about $987,930,000. Dimensional Fund Advisors LP raised its position in Charles Schwab by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 5,742,934 shares of the financial services provider’s stock worth $539,705,000 after purchasing an additional 60,979 shares in the last quarter. Finally, Provident Trust Co. raised its position in Charles Schwab by 0.4% in the second quarter. Provident Trust Co. now owns 3,716,441 shares of the financial services provider’s stock worth $342,916,000 after purchasing an additional 13,616 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Key Headlines 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

Charles Schwab Company Profile

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.