Charles Schwab (NYSE:SCHW) Now Covered by Evercore

Evercore started coverage on shares of Charles Schwab (NYSE:SCHW) in a research note issued to investors on Monday morning, Marketbeat reports. The brokerage issued an in-line rating and a $107.00 target price on the financial services provider’s stock.

A number of other equities research analysts also recently weighed in on SCHW. Barclays reduced their target price on 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 cut Charles Schwab from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. BMO Capital Markets cut Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 price target for the company. in a report on Monday, July 20th. UBS Group dropped their price objective on Charles Schwab from $128.00 to $113.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Finally, Piper Sandler reduced 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. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Charles Schwab currently has an average rating of “Moderate Buy” and an average target price of $118.75.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $97.08 on Monday. The company has a 50 day moving average of $105.50 and a 200-day moving average of $98.15. Charles Schwab has a 1-year low of $83.96 and a 1-year high of $114.53. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52. The company has a market cap of $167.88 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 0.82 and a beta of 0.79.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. The business had revenue of $7.07 billion for the quarter, compared to analysts’ expectations of $6.90 billion. Charles Schwab had a net margin of 38.79% and a return on equity of 24.53%. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period last year, the firm posted $1.14 earnings per share. As a group, equities research analysts forecast that Charles Schwab will post 6.46 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.28 annualized dividend and a yield of 1.3%. Charles Schwab’s dividend payout ratio is presently 23.27%.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Director Paula Sneed sold 5,263 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $107.15, for a total transaction of $563,930.45. Following the sale, the director 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Walter Bettinger sold 74,388 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $110.91, for a total transaction of $8,250,373.08. Following the transaction, the chairman owned 610,360 shares of the company’s stock, valued at $67,695,027.60. This trade represents a 10.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 645,582 shares of company stock valued at $69,553,935. Corporate insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Charles Schwab

Several large investors have recently bought and sold shares of SCHW. Sheets Smith Wealth Management grew its stake in Charles Schwab by 0.7% in the first quarter. Sheets Smith Wealth Management now owns 14,521 shares of the financial services provider’s stock valued at $1,365,000 after acquiring an additional 108 shares during the period. Peoples Bank KS increased its holdings in shares of Charles Schwab by 2.7% during the second quarter. Peoples Bank KS now owns 4,331 shares of the financial services provider’s stock valued at $400,000 after acquiring an additional 113 shares in the last quarter. Sweeney & Michel LLC increased its holdings in shares of Charles Schwab by 1.6% during the first quarter. Sweeney & Michel LLC now owns 7,333 shares of the financial services provider’s stock valued at $710,000 after acquiring an additional 115 shares in the last quarter. Crumly & Associates Inc. raised its position in shares of Charles Schwab by 1.1% during the second quarter. Crumly & Associates Inc. now owns 10,479 shares of the financial services provider’s stock worth $967,000 after purchasing an additional 115 shares during the period. Finally, Cypress Capital Group raised its position in shares of Charles Schwab by 4.2% during the first quarter. Cypress Capital Group now owns 2,945 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 118 shares during the period. 84.38% of the stock is currently owned by institutional investors.

More Charles Schwab News

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

• Positive Sentiment: Evercore ISI initiated coverage with an “in-line” rating and a $107 price target, implying roughly 10% upside from the referenced $97.08 level. The target provides a constructive valuation signal even though the firm is not recommending an outright outperform rating. Evercore ISI initiates Charles Schwab at In Line
• Positive Sentiment: Analysts expect SCHW’s third-quarter results to benefit from robust trading activity, higher net interest revenue and stronger asset-management fees. These factors could support earnings growth ahead of the company’s quarterly report. Can Robust Trading, Higher NIR Support Schwab’s Q3 Earnings?
• Positive Sentiment: Longer-term commentary points to potential artificial-intelligence-related benefits, which could improve operating efficiency and strengthen Schwab’s competitive position over time. Charles Schwab Earnings And Long-Term AI Tailwinds
• Neutral Sentiment: Evercore’s “in-line” initiation indicates expectations are broadly balanced at current levels. The reported market value and European premarket pricing provide context but do not represent new company-specific catalysts. Charles Schwab Coverage Initiated by Analysts at Evercore
• Negative Sentiment: Rising operating expenses are identified as a headwind for third-quarter results and could offset some of the benefits from stronger trading, interest revenue and fee income. Higher long-term Treasury yields may also increase market sensitivity and investor concerns about valuation and funding conditions. Can Robust Trading, Higher NIR Support Schwab’s Q3 Earnings?

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.