Evercore Issues Pessimistic Forecast for Charles Schwab (NYSE:SCHW) Stock Price

Charles Schwab (NYSE:SCHW) had its target price reduced by equities research analysts at Evercore from $107.00 to $104.00 in a note issued to investors on Friday. Evercore’s price objective would suggest a potential upside of 16.02% from the company’s current price.

Several other brokerages have also commented on SCHW. Citigroup reaffirmed a “market outperform” rating on shares of Charles Schwab in a research report on Friday. Compass Point assumed coverage on shares of Charles Schwab in a report on Monday, August 3rd. They issued a “buy” rating and a $135.00 price target on the stock. Morgan Stanley lifted their price target on shares of Charles Schwab from $136.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, October 9th. Piper Sandler lowered their price objective on shares of Charles Schwab from $118.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, October 2nd. Finally, Wolfe Research reissued an “outperform” rating and set a $127.00 price objective (up from $123.00) on shares of Charles Schwab in a research note on Tuesday, July 21st. Eighteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Charles Schwab currently has an average rating of “Moderate Buy” and an average price target of $120.82.

Charles Schwab Trading Down 2.5%

Shares of NYSE SCHW traded down $2.32 on Friday, reaching $89.64. 12,502,447 shares of the company traded hands, compared to its average volume of 10,096,688. The stock has a market capitalization of $155.01 billion, a PE ratio of 15.30, a P/E/G ratio of 0.81 and a beta of 0.79. Charles Schwab has a fifty-two week low of $83.96 and a fifty-two week 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 50 day moving average of $104.50 and a 200 day moving average of $98.18.

Charles Schwab (NYSE:SCHW) last released its earnings results on Thursday, October 15th. The financial services provider reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.03. Charles Schwab had a net margin of 39.33% and a return on equity of 25.79%. The business had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $7.18 billion. During the same period last year, the company earned $1.31 earnings per share. The company’s quarterly revenue was up 16.9% on a year-over-year basis. On average, equities research analysts forecast that Charles Schwab will post 6.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Charles Schwab

In related news, insider Jonathan S. Beatty sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $111.33, for a total value of $111,330.00. Following the transaction, the insider owned 10,738 shares in the company, valued at approximately $1,195,461.54. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paula A. Sneed sold 5,263 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director owned 91,711 shares in the company, valued at $9,826,833.65. The trade was a 5.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 645,582 shares of company stock worth $69,553,935. Company insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

Large investors have recently made changes to their positions in the business. Compass Financial Management LLC acquired a new stake in shares of Charles Schwab in the 2nd quarter worth approximately $27,000. Scarborough Advisors LLC bought a new position in shares of Charles Schwab in the first quarter valued at approximately $29,000. Main Street Group LTD acquired a new position in shares of Charles Schwab during the first quarter valued at approximately $33,000. J.Safra Asset Management Corp acquired a new position in shares of Charles Schwab during the second quarter valued at approximately $39,000. Finally, Washington Trust Advisors Inc. increased its stake in shares of Charles Schwab by 118.0% during the second quarter. Washington Trust Advisors Inc. now owns 447 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 242 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Trending Headlines about Charles Schwab

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

• Positive Sentiment: Schwab’s CEO said clients using artificial intelligence for trading are holding more cash than other active traders, potentially supporting deposits, liquidity and net interest revenue. AI Was Expected to Drain Charles Schwab’s Cash
• Positive Sentiment: The company added an international bond exchange-traded fund, broadening its investment-product lineup and potentially increasing fee-generating assets. Charles Schwab Added an International Bond ETF
• Positive Sentiment: Citizens reaffirmed a “Market Outperform” rating, while recent quarterly results showed earnings above consensus, record revenue and year-over-year revenue growth. Citizens Reaffirms Market Outperform Rating
• Neutral Sentiment: Schwab and other financial firms are blocking unauthorized third-party AI agents from accessing accounts or moving money. The measures may reduce security and liability risks, but could limit near-term AI-related innovation and customer functionality. Schwab and JPMorgan Block Unauthorized AI Agents
• Negative Sentiment: Although quarterly EPS exceeded expectations, revenue came in slightly below analyst forecasts. The mixed result has contributed to cautious investor sentiment. Charles Schwab Shares Dip After Q3 Revenue Disappoints
• Negative Sentiment: BMO Capital Markets lowered its price target from $105 to $97 and assigned a “Market Perform” rating. JPMorgan also cut its price target, reinforcing concerns about the stock’s near-term upside and valuation. Charles Schwab Price Target Cut by JPMorgan

About Charles Schwab

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.