HF Advisory Group LLC Sells 5,731 Shares of The Charles Schwab Corporation $SCHW

HF Advisory Group LLC reduced its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 13.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,531 shares of the financial services provider’s stock after selling 5,731 shares during the period. HF Advisory Group LLC’s holdings in Charles Schwab were worth $3,473,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Invesco Ltd. boosted its position in Charles Schwab by 3.0% during the 4th quarter. Invesco Ltd. now owns 16,425,579 shares of the financial services provider’s stock worth $1,641,080,000 after acquiring an additional 484,558 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Charles Schwab by 22.9% in the first 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 purchasing an additional 3,009,884 shares in the last quarter. Bank of America Corp DE grew its holdings in Charles Schwab by 3.5% during the first quarter. Bank of America Corp DE now owns 15,623,030 shares of the financial services provider’s stock valued at $1,468,252,000 after purchasing an additional 530,191 shares during the period. Flossbach Von Storch SE acquired a new stake in Charles Schwab in the 2nd quarter valued at approximately $987,930,000. Finally, Janus Henderson Group PLC lifted its position in shares of Charles Schwab by 17.9% in the fourth quarter. Janus Henderson Group PLC now owns 6,862,590 shares of the financial services provider’s stock valued at $685,645,000 after buying an additional 1,040,041 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Key Charles Schwab News

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

• Positive Sentiment: Schwab agreed to sell Forge Trust and its parent to Alto, combining Forge’s alternative-asset custody capabilities with Alto’s self-directed retirement-account technology. The transaction could sharpen Schwab’s focus while giving investors exposure to the expanding private-markets retirement segment. Charles Schwab Parts With Forge Trust in Private Markets Retirement Push
• Positive Sentiment: Schwab executives pointed to broader investor participation, increased interest in international stocks and growing demand for cryptocurrency exposure. These trends could support future client assets, trading activity and fee revenue, although the articles do not report a new financial forecast. Investors Looking at Broader Participation, Not Just Picking Winners
• Neutral Sentiment: Consumer coverage of Schwab’s certificates of deposit, investing services, AI tools and crypto capabilities reinforces the company’s broad retail offering, but provides no material change to near-term earnings expectations. Charles Schwab Review
• Neutral Sentiment: A report warns that Schwab may stop processing Roth conversions several days before year-end settlement deadlines. This is primarily a client-planning issue and does not appear to represent a significant financial or regulatory development for SCHW. Roth Conversion Processing Deadlines
• Negative Sentiment: Analysts expect earnings to grow, but Zacks says Schwab lacks the combination of factors typically associated with a likely earnings beat. That cautious assessment may weigh on the stock ahead of its scheduled report and keeps near-term upside dependent on stronger-than-expected results. Charles Schwab Earnings Expected to Grow

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price target on Charles Schwab from $136.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday. Piper Sandler dropped their target price on shares of Charles Schwab from $118.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, October 2nd. Argus upped their price target on Charles Schwab from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Wolfe Research reissued an “outperform” rating and issued a $127.00 price objective on shares of Charles Schwab in a research note on Tuesday, July 21st. Finally, Weiss Ratings upgraded Charles Schwab from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Charles Schwab has a consensus rating of “Moderate Buy” and a consensus price target of $118.32.

Charles Schwab Price Performance

Charles Schwab stock opened at $96.68 on Friday. The stock has a market cap of $167.19 billion, a price-to-earnings ratio of 17.58, a P/E/G ratio of 0.82 and a beta of 0.79. The Charles Schwab Corporation has a 12-month low of $83.96 and a 12-month high of $114.53. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.52. The business’s 50-day simple moving average is $105.68 and its 200 day simple moving average is $98.12.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.06. The company had revenue of $7.07 billion for the quarter, compared to analyst estimates of $6.90 billion. Charles Schwab had a net margin of 38.79% and a return on equity of 24.53%. The company’s revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 earnings per share. As a group, research analysts anticipate that The Charles Schwab Corporation will post 6.46 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 14th. Charles Schwab’s payout ratio is presently 23.27%.

Insider Transactions at Charles Schwab

In related news, General Counsel Peter Morgan, III sold 6,952 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $102.03, for a total transaction of $709,312.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Walter Bettinger sold 192,488 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $103.90, for a total transaction of $19,999,503.20. Following the sale, the chairman directly owned 529,346 shares of the company’s stock, valued at approximately $54,999,049.40. This trade represents a 26.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 645,582 shares of company stock worth $69,553,935. 6.30% of the stock is owned by insiders.

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.