The Charles Schwab Corporation (NYSE:SCHW) Stock Has Consensus Target Price of $118.95

The Charles Schwab Corporation (NYSE:SCHW) has been given a consensus rating of “Moderate Buy” by the twenty-four research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $120.82.

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price target on Charles Schwab from $150.00 to $147.00 and set an “overweight” rating for the company in a report on Friday. Morgan Stanley raised their price objective on Charles Schwab from $136.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, October 9th. Piper Sandler dropped their price objective on Charles Schwab from $118.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, October 2nd. 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 report on Thursday, July 23rd. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $145.00 target price (up from $137.00) on shares of Charles Schwab in a research note on Thursday.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Director Paula A. Sneed sold 5,263 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $107.15, for a total value of $563,930.45. Following the completion of the sale, the director owned 91,711 shares in the company, valued at approximately $9,826,833.65. This trade represents a 5.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Walter W. Bettinger sold 192,488 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $103.90, for a total transaction of $19,999,503.20. Following the completion of the sale, the chairman owned 529,346 shares of the company’s stock, valued at approximately $54,999,049.40. This trade represents a 26.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 639,529 shares of company stock valued at $68,923,436 in the last quarter. 6.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Charles Schwab

A number of hedge funds and other institutional investors have recently modified their holdings of SCHW. USS Investment Management Ltd raised its holdings in Charles Schwab by 4.6% during the 1st quarter. USS Investment Management Ltd now owns 288,035 shares of the financial services provider’s stock valued at $27,068,000 after buying an additional 12,789 shares during the last quarter. Whittier Trust Co. raised its holdings in Charles Schwab by 3.9% in the 1st quarter. Whittier Trust Co. now owns 384,881 shares of the financial services provider’s stock worth $35,790,000 after purchasing an additional 14,538 shares in the last quarter. Financial Advisory Partners LLC purchased a new stake in shares of Charles Schwab in the 1st quarter worth about $3,199,000. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Charles Schwab by 112.0% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 89,498 shares of the financial services provider’s stock worth $8,411,000 after purchasing an additional 47,281 shares during the period. Finally, Private Wealth Partners LLC boosted its stake in shares of Charles Schwab by 91.9% during the 1st quarter. Private Wealth Partners LLC now owns 204,248 shares of the financial services provider’s stock valued at $19,195,000 after purchasing an additional 97,829 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab News Roundup

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

• Positive Sentiment: Schwab recently reported record revenue of approximately $7.17 billion, up 16.9% year over year, while adjusted earnings of $1.69 per share exceeded consensus estimates of $1.66. The results support expectations for continued growth in client assets, trading activity and net interest revenue. Schwab reports record revenue
• Positive Sentiment: Citizens JMP reaffirmed its “market outperform” rating, indicating that the brokerage sees further appreciation potential for SCHW despite recent weakness. Citizens JMP rating
• Positive Sentiment: A bullish Seeking Alpha analysis called Charles Schwab one of its best ideas in financials, highlighting the company’s earnings momentum and long-term positioning. Charles Schwab: One of My Best Ideas in Financials
• Neutral Sentiment: Schwab added an international bond ETF, expanding its investment-product lineup. The move may modestly support asset gathering, but its near-term financial impact is likely limited. Schwab adds an international bond ETF
• Negative Sentiment: Evercore lowered its price target from $107 to $104, while BMO cut its target from $105 to $97 and assigned a “market perform” rating. JPMorgan also reduced its target. The revisions signal more cautious near-term expectations, even though the new targets remain above the recent share price. Evercore price-target change JPMorgan price-target change
• Negative Sentiment: CEO Rick Wurster remains skeptical of autonomous AI agents trading stocks, and Schwab has restricted third-party agents over security and liability concerns. The stance limits near-term AI monetization potential, although it may reduce operational and compliance risks. Schwab CEO discusses AI trading agents

Charles Schwab Stock Performance

Shares of SCHW opened at $89.64 on Friday. The firm has a market capitalization of $155.01 billion, a P/E ratio of 15.00, a P/E/G ratio of 0.81 and a beta of 0.79. Charles Schwab has a 52 week low of $83.96 and a 52 week high of $114.53. The stock has a 50 day moving average price of $104.13 and a two-hundred day moving average price of $98.15. 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 (NYSE:SCHW) last posted its earnings results on Thursday, October 15th. The financial services provider reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. Charles Schwab had a return on equity of 25.79% and a net margin of 39.33%. The company had revenue of $7.17 billion for the quarter, compared to analyst estimates of $7.18 billion. During the same quarter last year, the company earned $1.31 earnings per share. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. Equities analysts forecast that Charles Schwab will post 6.44 earnings per share for the current fiscal 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, August 14th. Charles Schwab’s dividend payout ratio (DPR) is presently 21.84%.

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.