Citizens Rates The Charles Schwab (SCHW) Market Outperform

Citizens has reaffirmed its Market Outperform rating on The Charles Schwab Corporation (SCHW) and set a price target of $120 as of October 16, 2026. The stock was recently trading at $91.99, which is about 23.3% below the target price.

Other Institutional Activity in The Charles Schwab Corporation

Several other institutional investors have also adjusted their positions in The Charles Schwab Corporation. Blackrock Inc. grew its holdings by 1,264,925 shares, ending with 134,414,949 shares valued at about $12.36 billion. Dodge & Cox Inc. added 1,965,085 shares, bringing its total to 76,968,323 shares worth approximately $7.08 billion. Meanwhile, Vanguard Capital Management LLC reduced its stake by 1,029,414 shares, ending with 107,329,957 shares valued at about $9.87 billion. State Street Corporation increased its holdings by 407,493 shares, totaling 73,174,188 shares worth roughly $6.73 billion. In contrast, JPMorgan Chase & Co. decreased its position by 24,678,590 shares, leaving it with 49,165,186 shares valued at about $4.52 billion.

The Charles Schwab Corporation Stock Down 5.0%

As of October 16, 2026, SCHW trades at $91.99, below its 50-day moving average of $104.75 by 12.2% and below its 200-day moving average of $98.19 by 6.3%. The stock is also about 19.7% lower than its 52-week high of $114.53 but 9.6% above its 52-week low of $83.96. This positioning raises questions about its near-term performance relative to analyst expectations.

Recent Earnings

In its trailing twelve months, The Charles Schwab Corporation reported revenue of approximately $26.03 billion, showing a year-over-year growth of 20.9%. The company has an EPS of $5.49 and a net margin of 38.8%. The next earnings report is expected on October 19, 2026.

Insider Buying and Selling at The Charles Schwab Corporation

Recent insider activity includes Neesha Hathi, an officer, selling 3,177 shares at an average price of $109.04 on September 1, 2026, totaling about $346,428. Hathi also sold another 5,000 shares at $97.80 on October 1, 2026, valued at approximately $489,007. Both transactions were not part of a planned trading strategy.

Analysts Set New Price Targets

On October 16, 2026, several analysts maintained their ratings for SCHW. Barclays kept its Overweight rating with a target of $115, while UBS maintained a Buy rating with a target of $109. Wells Fargo held an Equal-Weight rating with a target of $103. JP Morgan also maintained its Overweight rating with a target of $147, and Evercore ISI Group kept its In-Line rating with a target of $104. The consensus from 22 analysts suggests a mean price target of approximately $119.55 with a recommendation of 'buy'.

About The Charles Schwab Corporation

The Charles Schwab Corporation provides a range of financial services including wealth management, securities brokerage, banking, and asset management. It operates through two main segments: Investor Services and Advisor Services. The company is headquartered in Westlake, Texas, and employs around 33,700 people.

Bottom Line

Investors should watch for the upcoming earnings report on October 19, 2026, to gauge the company's performance. Citizens' reiteration of its price target signals confidence despite the stock's current valuation gap. Keep an eye on further analyst updates and institutional trading activity for additional insights.