Charles Schwab (NYSE:SCHW) Stock Rated In-Line in New Coverage at Evercore

Equities researchers at Evercore started coverage on shares of Charles Schwab (NYSE:SCHW) in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage set an “in-line” rating and a $107.00 price target on the financial services provider’s stock. Evercore’s target price would indicate a potential upside of 11.38% from the company’s previous close.

Several other research analysts have also weighed in on the stock. Wolfe Research reissued an “outperform” rating and set a $127.00 price objective on shares of Charles Schwab in a research note on Tuesday, July 21st. 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. Barclays cut their target price on shares of Charles Schwab from $125.00 to $118.00 and set an “overweight” rating on the stock in a report on Wednesday, October 7th. Zacks Research lowered shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Finally, Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $119.00.

Charles Schwab Price Performance

Charles Schwab stock opened at $96.06 on Monday. The firm has a market capitalization of $166.13 billion, a P/E ratio of 16.88, a PEG ratio of 0.82 and a beta of 0.79. Charles Schwab has a 1 year low of $83.96 and a 1 year high of $114.53. The business has a 50-day moving average of $105.30 and a 200-day moving average of $98.16. 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 (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. The company had revenue of $7.07 billion during the quarter, compared to analysts’ expectations of $6.90 billion. Charles Schwab had a return on equity of 24.53% and a net margin of 38.79%. Charles Schwab’s revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 EPS. On average, equities analysts anticipate that Charles Schwab will post 6.46 EPS for the current year.

Insider Activity at Charles Schwab

In related news, insider Nigel J. Murtagh sold 24,778 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $109.01, for a total transaction of $2,701,049.78. Following the completion of the sale, the insider directly owned 57,972 shares of the company’s stock, valued at approximately $6,319,527.72. This represents a 29.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 that occurred on Friday, August 7th. The stock was sold at an average price of $107.15, for a total value of $563,930.45. Following the sale, the director directly owned 91,711 shares of the company’s stock, valued at approximately $9,826,833.65. The trade was a 5.43% 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 valued at $69,553,935 over the last 90 days. Insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SCHW. Invesco Ltd. lifted its holdings in Charles Schwab by 3.0% during the 4th quarter. Invesco Ltd. now owns 16,425,579 shares of the financial services provider’s stock valued at $1,641,080,000 after purchasing an additional 484,558 shares during the last quarter. Bank of New York Mellon Corp boosted its position 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. Bank of America Corp DE increased its holdings in shares of 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 during the last quarter. Flossbach Von Storch SE acquired a new position in shares of Charles Schwab in the second quarter valued at $987,930,000. Finally, Janus Henderson Group PLC increased its holdings in shares of Charles Schwab by 17.9% in the fourth quarter. Janus Henderson Group PLC now owns 6,862,590 shares of the financial services provider’s stock valued at $685,645,000 after purchasing an additional 1,040,041 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.