Charles Schwab (NYSE:SCHW) Coverage Initiated by Analysts at Evercore

Research analysts at Evercore assumed coverage on shares of Charles Schwab (NYSE:SCHW) in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm set an “in-line” rating and a $107.00 price target on the financial services provider’s stock. Evercore’s price objective would suggest a potential upside of 11.38% from the company’s current price.

SCHW has been the topic of several other research reports. Raymond James Financial reissued an “outperform” rating and set a $145.00 price objective on shares of Charles Schwab in a research note on Wednesday, July 22nd. Weiss Ratings upgraded shares of Charles Schwab from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 10th. UBS Group lowered their target price on shares of Charles Schwab from $128.00 to $113.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Piper Sandler cut 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, October 2nd. Finally, Compass Point started coverage on shares of Charles Schwab in a report on Monday, August 3rd. They issued a “buy” rating and a $135.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $119.00.

Charles Schwab Price Performance

Shares of SCHW opened at $96.06 on Monday. 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 1 year low of $83.96 and a 1 year high of $114.53. The stock has a market cap of $166.13 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 0.82 and a beta of 0.79. The stock’s 50-day moving average price is $105.30 and its two-hundred day moving average price is $98.16.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.06. The company had revenue of $7.07 billion during the quarter, compared to analyst estimates 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 for the quarter was up 20.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 EPS. On average, equities analysts predict that Charles Schwab will post 6.46 earnings per share for the current year.

Insider Buying and Selling at Charles Schwab

In related news, Director Paula A. Sneed sold 5,263 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $107.15, for a total transaction of $563,930.45. Following the completion of the sale, the director directly owned 91,711 shares of the company’s stock, valued at approximately $9,826,833.65. This represents a 5.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Walter W. Bettinger sold 192,488 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $103.90, for a total value of $19,999,503.20. Following the sale, the chairman directly owned 529,346 shares of the company’s stock, valued at approximately $54,999,049.40. The trade was a 26.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 645,582 shares of company stock worth $69,553,935 over the last three months. Company insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Flossbach Von Storch SE bought a new stake in shares of Charles Schwab in the 2nd quarter valued at about $987,930,000. Bank of New York Mellon Corp grew its holdings in Charles Schwab by 22.9% during the first quarter. Bank of New York Mellon Corp now owns 16,162,082 shares of the financial services provider’s stock worth $1,518,913,000 after purchasing an additional 3,009,884 shares during the period. Danske Bank A S bought a new position in Charles Schwab during the second quarter worth about $145,950,000. Vaughan Nelson Investment Management L.P. acquired a new position in Charles Schwab during the first quarter worth approximately $129,140,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Charles Schwab by 63.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,786,512 shares of the financial services provider’s stock worth $261,876,000 after buying an additional 1,081,382 shares during the last quarter. Institutional investors 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: Deutsche Bank raised its price target on Charles Schwab (SCHW) to $130 from $125, reinforcing the view that the stock has meaningful upside potential. Deutsche Bank Adjusts Price Target on Charles Schwab
• Positive Sentiment: Analysts expect third-quarter results to benefit from robust trading activity, higher net interest revenue and stronger asset-management fees. These trends could support revenue and earnings, although investors will also monitor expense growth. Can Robust Trading, Higher NIR Support Schwab’s Q3 Earnings?
• Positive Sentiment: Erste Group Bank increased its fiscal 2027 EPS forecast for Schwab to $7.96 from $7.85, indicating improving expectations for the company’s longer-term earnings power. Erste Group Bank Earnings Estimate Update
• Neutral Sentiment: Evercore initiated coverage with an “in line” or “hold” rating and a $107 price target. The target implies upside, but the rating suggests limited conviction that Schwab will materially outperform the broader market in the near term. Evercore ISI Initiates Charles Schwab at In Line
• Negative Sentiment: Truist maintained a “buy” rating but lowered its price target to $125 from $130. The target still represents substantial upside, though the reduction may weigh on sentiment because it signals slightly more cautious expectations. Truist Lowers Charles Schwab Price Target
• Negative Sentiment: Higher operating expenses remain a key risk for the upcoming earnings report and could offset gains from trading, net interest revenue and asset-management fees. Charles Schwab’s Next Earnings Report Could Send the Stock Soaring

About Charles Schwab

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.