Piper Sandler Cuts Charles Schwab (NYSE:SCHW) Price Target to $100.00

Charles Schwab (NYSE:SCHW) had its price objective reduced by Piper Sandler from $118.00 to $100.00 in a report issued on Friday,Benzinga reports. Piper Sandler currently has a neutral rating on the financial services provider’s stock.

A number of other research firms have also recently weighed in on SCHW. Barclays increased their price target on Charles Schwab from $122.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Wolfe Research reaffirmed an “outperform” rating and set a $127.00 price objective on shares of Charles Schwab in a research report on Tuesday, July 21st. Argus upped their price objective on shares of Charles Schwab from $108.00 to $114.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Wells Fargo & Company assumed coverage on shares of Charles Schwab in a research report on Thursday. They issued an “equal weight” rating and a $105.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Charles Schwab in a research note on Wednesday, July 22nd. One investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $119.37.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $96.77 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average price is $106.49 and its two-hundred day moving average price is $98.05. The company has a market cap of $167.34 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 0.84 and a beta of 0.79. Charles Schwab has a twelve month low of $83.96 and a twelve month high of $114.53.

Charles Schwab (NYSE:SCHW) last released 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. Charles Schwab had a return on equity of 24.53% and a net margin of 38.79%.The company had revenue of $7.07 billion during the quarter, compared to analysts’ expectations of $6.90 billion. During the same period last year, the firm posted $1.14 earnings per share. The business’s revenue was up 20.9% on a year-over-year basis. On average, analysts predict that Charles Schwab will post 6.46 EPS for the current year.

Charles Schwab Dividend Announcement

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

Insiders Place Their Bets

In other Charles Schwab news, insider Dennis Howard sold 2,198 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $110.00, for a total value of $241,780.00. Following the transaction, the insider directly owned 6,980 shares of the company’s stock, valued at $767,800. This represents a 23.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Walter Bettinger sold 74,388 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $110.91, for a total value of $8,250,373.08. Following the transaction, the chairman owned 610,360 shares in the company, valued at $67,695,027.60. The trade was a 10.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 645,582 shares of company stock worth $69,553,935 over the last three months. 6.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Charles Schwab

Institutional investors and hedge funds have recently modified their holdings of the business. Flossbach Von Storch SE bought a new position in shares of Charles Schwab during the second quarter worth approximately $987,930,000. Bank of New York Mellon Corp boosted its stake in shares of Charles Schwab by 22.9% in the first quarter. Bank of New York Mellon Corp now owns 16,162,082 shares of the financial services provider’s stock valued at $1,518,913,000 after buying an additional 3,009,884 shares during the period. Focus Partners Wealth boosted its stake in shares of Charles Schwab by 716.5% in the fourth quarter. Focus Partners Wealth now owns 2,101,463 shares of the financial services provider’s stock valued at $209,948,000 after buying an additional 1,844,095 shares during the period. Danske Bank A S acquired a new stake in Charles Schwab during the second quarter worth approximately $145,950,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in Charles Schwab during the first quarter worth approximately $129,140,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Key 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

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.