Charles Schwab (NYSE:SCHW) Price Target Cut to $120.00 by Analysts at Truist Financial

Charles Schwab (NYSE:SCHWFree Report) had its price objective lowered by Truist Financial from $122.00 to $120.00 in a research report released on Wednesday,Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

Other equities analysts have also issued research reports about the company. Raymond James Financial reissued an “outperform” rating and issued a $114.00 target price on shares of Charles Schwab in a research note on Monday, January 5th. TD Cowen boosted their target price on Charles Schwab from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Wolfe Research set a $120.00 price target on Charles Schwab in a research note on Monday, January 12th. Citigroup reiterated a “market outperform” rating on shares of Charles Schwab in a research report on Monday, January 12th. Finally, Bank of America lifted their price objective on shares of Charles Schwab from $88.00 to $91.00 and gave the stock an “underperform” rating in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $115.84.

View Our Latest Analysis on SCHW

Charles Schwab Price Performance

SCHW opened at $92.30 on Wednesday. The company has a fifty day moving average price of $96.83 and a two-hundred day moving average price of $96.24. The firm has a market capitalization of $160.43 billion, a PE ratio of 19.81, a P/E/G ratio of 0.76 and a beta of 0.93. Charles Schwab has a 52 week low of $65.88 and a 52 week high of $107.50. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.62 and a current ratio of 0.62.

Charles Schwab (NYSE:SCHWGet Free Report) last posted its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.07. Charles Schwab had a return on equity of 21.97% and a net margin of 37.01%.The company had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the prior year, the business posted $1.01 EPS. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, analysts anticipate that Charles Schwab will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.32 per share. This is an increase from Charles Schwab’s previous quarterly dividend of $0.27. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, February 13th. Charles Schwab’s payout ratio is 27.47%.

Insiders Place Their Bets

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 7,595 shares of Charles Schwab stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $104.38, for a total value of $792,766.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Dennis Howard sold 27,903 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $95.02, for a total transaction of $2,651,343.06. Following the completion of the transaction, the insider owned 10,470 shares of the company’s stock, valued at $994,859.40. This trade represents a 72.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 413,568 shares of company stock worth $42,435,038 in the last three months. 6.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Charles Schwab

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in Charles Schwab in the 4th quarter worth $1,994,189,000. Brown Advisory Inc. boosted its position in shares of Charles Schwab by 88.4% during the second quarter. Brown Advisory Inc. now owns 12,162,260 shares of the financial services provider’s stock worth $1,109,687,000 after buying an additional 5,708,208 shares during the period. Primecap Management Co. CA grew its holdings in shares of Charles Schwab by 11.4% during the third quarter. Primecap Management Co. CA now owns 21,209,187 shares of the financial services provider’s stock worth $2,024,841,000 after buying an additional 2,174,381 shares in the last quarter. Focus Partners Wealth raised its position in Charles Schwab by 716.5% in the 4th 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 last quarter. Finally, Mondrian Investment Partners LTD acquired a new stake in Charles Schwab in the 3rd quarter valued at approximately $169,104,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

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About Charles Schwab

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Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.

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Analyst Recommendations for Charles Schwab (NYSE:SCHW)

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