The Charles Schwab Corporation $SCHW Stock Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 3.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 153,983 shares of the financial services provider’s stock after selling 6,196 shares during the period. State of Alaska Department of Revenue’s holdings in Charles Schwab were worth $15,050,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC boosted its position in shares of Charles Schwab by 21.3% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 9,414 shares of the financial services provider’s stock valued at $920,000 after purchasing an additional 1,654 shares in the last quarter. WealthPlan Investment Management LLC grew its stake in Charles Schwab by 7.8% in the third quarter. WealthPlan Investment Management LLC now owns 27,910 shares of the financial services provider’s stock worth $2,728,000 after purchasing an additional 2,029 shares during the period. Nvwm LLC raised its holdings in Charles Schwab by 110.5% in the third quarter. Nvwm LLC now owns 1,084 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 569 shares in the last quarter. Howard Financial Services LTD. raised its holdings in Charles Schwab by 3.3% in the third quarter. Howard Financial Services LTD. now owns 17,835 shares of the financial services provider’s stock worth $1,743,000 after purchasing an additional 577 shares in the last quarter. Finally, Mather Group LLC. raised its holdings in Charles Schwab by 17.8% in the third quarter. Mather Group LLC. now owns 9,359 shares of the financial services provider’s stock worth $915,000 after purchasing an additional 1,415 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Down 3.2%

Shares of Charles Schwab stock traded down $3.06 during midday trading on Thursday, hitting $93.74. The company had a trading volume of 9,961,906 shares, compared to its average volume of 10,016,839. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market capitalization of $162.11 billion, a P/E ratio of 17.06, a P/E/G ratio of 0.81 and a beta of 0.79. The company has a 50 day moving average of $105.07 and a 200 day moving average of $98.18. The Charles Schwab Corporation has a 52-week low of $83.96 and a 52-week high of $114.53.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Thursday, October 15th. The financial services provider reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. Charles Schwab had a return on equity of 24.53% and a net margin of 38.79%. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.31 earnings per share. On average, equities analysts predict that The Charles Schwab Corporation will post 6.46 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $0.32 dividend. 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, August 14th. Charles Schwab’s dividend payout ratio is currently 23.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SCHW shares. Morgan Stanley raised their price objective on Charles Schwab from $136.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, October 9th. TD Cowen upped their target price on shares of Charles Schwab from $128.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday. Bank of America increased their price target on shares of Charles Schwab from $91.00 to $95.00 and gave the stock an “underperform” rating in a research note on Monday, October 5th. Barclays decreased their price target on shares of Charles Schwab from $125.00 to $118.00 and set an “overweight” rating for the company in a research note on Wednesday, October 7th. Finally, Wells Fargo & Company started coverage on shares of Charles Schwab in a research report on Friday, October 2nd. They set an “equal weight” rating and a $105.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $119.00.

Insider Transactions at Charles Schwab

In other news, insider Nigel Murtagh sold 24,778 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $109.01, for a total transaction of $2,701,049.78. Following the completion of the transaction, the insider directly owned 57,972 shares in the company, valued at $6,319,527.72. This trade represents a 29.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Walter Bettinger sold 74,388 shares of Charles Schwab stock in a transaction dated 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 completion of the transaction, the chairman directly owned 610,360 shares of the company’s stock, valued at approximately $67,695,027.60. This represents a 10.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 645,582 shares of company stock valued at $69,553,935. 6.30% of the stock is currently owned by corporate insiders.

Key Charles Schwab News

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

• Positive Sentiment: Adjusted earnings were $1.69 per share, exceeding the $1.66 analyst consensus and rising from $1.31 a year earlier. Revenue increased 16.9% year over year to a record $7.17 billion, while net income climbed 23% to approximately $2.91 billion. Charles Schwab Q3 Earnings Beat Estimates
• Positive Sentiment: Core net new assets reached a record $190.4 billion, up 38% year over year. Client assets grew 15% to $13.33 trillion, and Schwab added 1.2 million brokerage accounts, bringing the total to 48.6 million. These figures indicate continued strength in asset gathering and customer acquisition. Schwab Delivers Record Net New Assets and Earnings
• Positive Sentiment: Results benefited from higher trading activity, stronger client assets, lending growth and increased net interest income, supporting optimism about Schwab’s operating momentum. Charles Schwab Beats Q3 Earnings Forecasts
• Neutral Sentiment: Revenue essentially met expectations but was reported as slightly below some Wall Street forecasts, with the reported surprise at approximately negative 0.26%. The small miss contrasts with the earnings beat and leaves investors assessing the durability of growth. Charles Schwab Posts Q3 Sales In Line With Estimates
• Negative Sentiment: The stock’s reaction suggests that strong results and record asset inflows were already anticipated, making the modest revenue shortfall more influential than the EPS beat. Analysts also trimmed valuation estimates, including a fair value reduction from $124.95 to $122.32, while Truist cut its price target. Charles Schwab Fair Value Trim

Charles Schwab Profile

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.