The Charles Schwab Corporation (NYSE:SCHW) Stock Has Average Target Price of $119.91 According to Analysts

The Charles Schwab Corporation (NYSE:SCHW) has received an average rating of “Moderate Buy” from the twenty-four research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $119.91.

Several research firms recently commented on SCHW. Barclays reduced their price objective on shares of Charles Schwab from $118.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Bank of America raised their target price on shares of Charles Schwab from $91.00 to $95.00 and gave the company an “underperform” rating in a research note on Monday, October 5th. Evercore set a $98.00 target price on shares of Charles Schwab in a research note on Wednesday, October 28th. BMO Capital Markets cut their price target on shares of Charles Schwab from $105.00 to $97.00 and set a “market perform” rating on the stock in a report on Monday, October 19th. Finally, Jefferies Financial Group set a $120.00 price target on Charles Schwab in a research report on Friday, October 16th.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 1,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $111.33, for a total value of $111,330.00. Following the completion of the sale, the insider directly owned 10,738 shares in the company, valued at approximately $1,195,461.54. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Walter W. Bettinger sold 176,210 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $113.49, for a total value of $19,998,072.90. Following the completion of the sale, the chairman directly owned 610,360 shares of the company’s stock, valued at approximately $69,269,756.40. This represents a 22.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 251,598 shares of company stock worth $28,359,776. 6.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Charles Schwab

Hedge funds and other institutional investors have recently modified their holdings of the stock. Octavia Wealth Advisors LLC raised its holdings in shares of Charles Schwab by 3.0% in the third quarter. Octavia Wealth Advisors LLC now owns 4,613 shares of the financial services provider’s stock worth $451,000 after buying an additional 135 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Charles Schwab by 10.4% during the third quarter. Empowered Funds LLC now owns 214,185 shares of the financial services provider’s stock worth $20,934,000 after buying an additional 20,205 shares during the period. United Southern Bank Trust Department purchased a new stake in shares of Charles Schwab during the third quarter valued at $287,000. Kovack Advisors Inc. grew its holdings in shares of Charles Schwab by 91.3% during the third quarter. Kovack Advisors Inc. now owns 6,164 shares of the financial services provider’s stock valued at $605,000 after buying an additional 2,942 shares during the last quarter. Finally, Caxton Associates LLP acquired a new position in shares of Charles Schwab in the 3rd quarter valued at $520,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab News Roundup

Investors following SCHW have been watching these news items:

• Positive Sentiment: Schwab announced enhancements to Schwab.com, Schwab Mobile and thinkorswim, including an MCP server designed to connect clients’ AI platforms with their Schwab accounts. The additions could improve the client experience and help the firm compete for investors, though their financial impact is not yet clear. Schwab Announces Platform Enhancements Including MCP Server
• Neutral Sentiment: The company announced a $3 billion senior-notes issuance. The financing may support liquidity, but it also adds debt and potential interest costs; the provided report offers no further terms to gauge the net effect. Charles Schwab Issues $3 Billion in Senior Notes
• Neutral Sentiment: Market commentary flagged persistent inflation and rising Federal Reserve rate risks, putting Schwab’s liquidity and earnings resilience in focus. The broader rate environment could affect both interest income and client activity. Inflation Stays Hot: Financial Stocks to Watch

Charles Schwab Price Performance

Shares of SCHW stock opened at $92.99 on Wednesday. Charles Schwab has a 1-year low of $83.96 and a 1-year high of $114.53. The stock’s 50-day moving average is $96.83 and its 200 day moving average is $97.13. The company has a market cap of $160.50 billion, a P/E ratio of 14.96, a PEG ratio of 0.82 and a beta of 0.77. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.66 and a quick ratio of 0.64.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Thursday, October 15th. The financial services provider reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.03. The company 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 25.46% and a net margin of 39.33%. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.31 earnings per share. Research analysts predict that Charles Schwab will post 6.41 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. Charles Schwab’s dividend payout ratio (DPR) is presently 21.84%.

Charles Schwab Company Profile

The Charles Schwab Corporation is a financial services company that provides brokerage, banking, wealth management, and investment services. Its offerings include brokerage accounts, trading and research tools, retirement products, banking services, and investment advice for individuals, as well as services for independent financial advisors, employers, and institutions. Founded in 1971 by Charles R. Schwab, the company helped popularize discount brokerage services. It expanded its brokerage business with the 2020 acquisition of TD Ameritrade, whose trading platform and services became part of Schwab.