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

Analysts at Wells Fargo & Company initiated coverage on shares of Charles Schwab (NYSE:SCHW) in a note issued to investors on Friday, Marketbeat Ratings reports. The brokerage set an “equal weight” rating and a $105.00 price target on the financial services provider’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 8.51% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the stock. UBS Group set a $135.00 price objective on shares of Charles Schwab in a report on Monday, August 3rd. Barclays increased their target price on shares of Charles Schwab from $122.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. BMO Capital Markets cut shares of 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. Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of Charles Schwab from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.37.

Charles Schwab Price Performance

Shares of SCHW opened at $96.77 on Friday. 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 $167.34 billion, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 0.86 and a beta of 0.79. The stock’s 50-day moving average price is $106.49 and its two-hundred day moving average price is $98.02.

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 other news, insider Dennis Howard sold 2,198 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $110.00, for a total value of $241,780.00. Following the completion of the transaction, the insider owned 6,980 shares in the company, valued at $767,800. This represents a 23.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula A. Sneed sold 5,263 shares of the stock in a transaction 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 sale, the director directly owned 91,711 shares of the company’s stock, valued at $9,826,833.65. This represents a 5.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 647,582 shares of company stock worth $69,753,955 in the last quarter. Company insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

Institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its holdings in shares of Charles Schwab by 0.3% in the fourth quarter. Franklin Resources Inc. now owns 30,184,369 shares of the financial services provider’s stock valued at $3,015,720,000 after purchasing an additional 78,020 shares during the last quarter. Invesco Ltd. boosted its holdings in Charles Schwab by 3.0% during the fourth quarter. Invesco Ltd. now owns 16,425,579 shares of the financial services provider’s stock worth $1,641,080,000 after purchasing an additional 484,558 shares during the last quarter. Bank of New York Mellon Corp boosted 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 last quarter. Bank of America Corp DE grew its position 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 purchasing an additional 530,191 shares in the last quarter. Finally, Flossbach Von Storch SE bought a new position in Charles Schwab in the second quarter valued at $987,930,000. 84.38% of the stock is owned by institutional investors.

More Charles Schwab News

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.