Truist Financial Cuts Charles Schwab (NYSE:SCHW) Price Target to $120.00

by · The Markets Daily

Charles Schwab (NYSE:SCHW – Free Report) had its target price cut by Truist Financial from $122.00 to $120.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other equities analysts also recently weighed in on the stock. Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a report on Monday, January 12th. Weiss Ratings upgraded shares of Charles Schwab from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. Wolfe Research set a $120.00 price objective on shares of Charles Schwab in a research report on Monday, January 12th. Morgan Stanley boosted their target price on shares of Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, December 22nd. Finally, Piper Sandler raised their price target on shares of Charles Schwab from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Charles Schwab currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.84.

View Our Latest Analysis on Charles Schwab

Charles Schwab Stock Performance

Shares of SCHW opened at $93.95 on Wednesday. The stock has a 50 day moving average of $96.46 and a 200 day moving average of $96.24. The company has a market capitalization of $163.29 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 0.78 and a beta of 0.90. Charles Schwab has a 12 month low of $65.88 and a 12 month high of $107.50. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.52.

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

Charles Schwab Increases Dividend

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

Insider Activity

In other news, insider Dennis Howard sold 27,903 shares of Charles Schwab stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $95.02, for a total value of $2,651,343.06. Following the completion of the transaction, the insider owned 10,470 shares in the company, valued at $994,859.40. This trade represents a 72.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Walter W. Bettinger sold 162,462 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $103.90, for a total transaction of $16,879,801.80. Following the completion of the sale, the chairman directly owned 529,346 shares in the company, valued at approximately $54,999,049.40. This trade represents a 23.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 413,568 shares of company stock valued at $42,435,038. 6.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Charles Schwab

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Charles Schwab by 0.3% in the third quarter. Vanguard Group Inc. now owns 151,585,214 shares of the financial services provider’s stock worth $14,471,840,000 after acquiring an additional 403,133 shares during the period. State Street Corp lifted its holdings in Charles Schwab by 1.0% during the 3rd quarter. State Street Corp now owns 73,156,290 shares of the financial services provider’s stock worth $6,984,231,000 after purchasing an additional 691,671 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Charles Schwab by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 37,667,640 shares of the financial services provider’s stock worth $3,747,646,000 after purchasing an additional 98,242 shares in the last quarter. Franklin Resources Inc. boosted its stake in Charles Schwab by 0.3% in the 4th quarter. Franklin Resources Inc. now owns 30,184,369 shares of the financial services provider’s stock worth $3,015,720,000 after purchasing an additional 78,020 shares during the period. Finally, Primecap Management Co. CA boosted its stake in Charles Schwab by 9.7% in the 4th quarter. Primecap Management Co. CA now owns 23,276,071 shares of the financial services provider’s stock worth $2,325,512,000 after purchasing an additional 2,066,884 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Key Charles Schwab News

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

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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