7,740 Shares in The Charles Schwab Corporation $SCHW Bought by M Holdings Securities Inc.

M Holdings Securities Inc. bought a new stake in The Charles Schwab Corporation (NYSE:SCHW) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,740 shares of the financial services provider’s stock, valued at approximately $752,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its holdings in shares of Charles Schwab by 22.9% during the 1st quarter. Bank of New York Mellon Corp now owns 16,162,082 shares of the financial services provider’s stock valued at $1,518,913,000 after acquiring an additional 3,009,884 shares in the last quarter. Bank of America Corp DE grew its position in Charles Schwab by 3.5% during the 1st quarter. Bank of America Corp DE now owns 15,623,030 shares of the financial services provider’s stock worth $1,468,252,000 after acquiring an additional 530,191 shares during the last quarter. Flossbach Von Storch SE bought a new stake in Charles Schwab during the 2nd quarter worth $987,930,000. Dimensional Fund Advisors LP increased its holdings in Charles Schwab by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,742,934 shares of the financial services provider’s stock worth $539,705,000 after purchasing an additional 60,979 shares in the last quarter. Finally, Provident Trust Co. increased its holdings in Charles Schwab by 0.4% in the 2nd quarter. Provident Trust Co. now owns 3,716,441 shares of the financial services provider’s stock worth $342,916,000 after purchasing an additional 13,616 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In related news, insider Jonathan Beatty sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $111.33, for a total value of $111,330.00. Following the sale, the insider directly owned 10,738 shares in the company, valued at $1,195,461.54. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Dennis Howard sold 2,198 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $110.00, for a total transaction of $241,780.00. Following the sale, the insider directly owned 6,980 shares of the company’s stock, valued at $767,800. This represents a 23.95% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 253,796 shares of company stock valued at $28,601,556 over the last ninety days. 6.30% of the stock is owned by company insiders.

Charles Schwab Stock Up 0.5%

Shares of SCHW opened at $93.18 on Wednesday. The company has a market capitalization of $161.14 billion, a PE ratio of 15.90, a PEG ratio of 0.82 and a beta of 0.77. The Charles Schwab Corporation has a 12 month low of $83.96 and a 12 month high of $114.53. The stock’s 50-day moving average price is $97.82 and its two-hundred day moving average price is $97.29. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. The firm had revenue of $7.17 billion for the quarter, compared to analyst estimates of $7.18 billion. Charles Schwab had a return on equity of 25.46% and a net margin of 39.33%. The business’s revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.31 EPS. On average, analysts anticipate that The Charles Schwab Corporation will post 6.41 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be 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 is Friday, November 13th. Charles Schwab’s payout ratio is currently 21.84%.

Charles Schwab News Summary

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

• Positive Sentiment: Schwab Crypto added Solana, Avalanche and Chainlink for eligible U.S. investors, expanding its lineup beyond Bitcoin and Ether. The broader selection may help Schwab compete for crypto-trading activity and deepen relationships with its large brokerage customer base; the offering is limited to eligible clients. Schwab Crypto Adds Chainlink, Solana and Avalanche for Eligible US Investors
• Positive Sentiment: Schwab lowered account minimums for clients seeking IPO shares. Easier access could make the service available to more investors and support account acquisition or engagement. Charles Schwab Lowers Account Minimums to Request IPO Shares
• Neutral Sentiment: Schwab’s Trading Activity Index rose to 61.94 in October from 58.92 in September, indicating increased retail-investor activity. This may support trading-related revenue, but the index alone does not show how much activity translated into Schwab’s results. Schwab Trading Activity Index: STAX Score Rises in October Despite AI Selloff

Wall Street Analysts Forecast Growth

SCHW has been the topic of several research reports. Citizens Jmp restated a “market outperform” rating and set a $120.00 price target on shares of Charles Schwab in a report on Friday, October 16th. Argus raised their price objective on shares of Charles Schwab from $108.00 to $114.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. TD Cowen lifted 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, October 12th. Truist Financial set a $115.00 target price on shares of Charles Schwab in a report on Friday, October 16th. Finally, Piper Sandler reduced their target price on shares of Charles Schwab from $118.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. Eighteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.91.

Charles Schwab Company Profile

The Charles Schwab Corporation is a financial services company that provides brokerage, banking, wealth management, and investment services. Its offerings include brokerage accounts, trading and research tools, retirement products, banking services, and investment advice for individuals, as well as services for independent financial advisors, employers, and institutions. Founded in 1971 by Charles R. Schwab, the company helped popularize discount brokerage services. It expanded its brokerage business with the 2020 acquisition of TD Ameritrade, whose trading platform and services became part of Schwab.