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

State of Alaska Department of Revenue cut its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 3.9% during the 3rd quarter, HoldingsChannel.com reports. The fund 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 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Compass Financial Management LLC bought a new position in shares of Charles Schwab during the second quarter valued at $27,000. Scarborough Advisors LLC bought a new stake in Charles Schwab in the 1st quarter worth about $29,000. Main Street Group LTD bought a new stake in Charles Schwab in the 1st quarter worth about $33,000. J.Safra Asset Management Corp purchased a new position in Charles Schwab in the 2nd quarter worth about $39,000. Finally, Washington Trust Advisors Inc. raised its position in Charles Schwab by 118.0% in the 2nd quarter. Washington Trust Advisors Inc. now owns 447 shares of the financial services provider’s stock worth $41,000 after buying an additional 242 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 192,488 shares of the business’s 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 completion of the sale, the chairman directly owned 529,346 shares in the company, valued at approximately $54,999,049.40. The trade was a 26.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Dennis Howard sold 28,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $105.01, for a total transaction of $2,940,280.00. Following the sale, the insider directly owned 10,470 shares of the company’s stock, valued at approximately $1,099,454.70. This represents a 72.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 645,582 shares of company stock worth $69,553,935. 6.30% of the stock is currently owned by corporate insiders.

Key Stories Impacting Charles Schwab

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 Stock Performance

Charles Schwab stock traded down $3.06 during mid-day trading on Thursday, reaching $93.74. 9,961,906 shares of the stock traded hands, compared to its average volume of 10,016,839. The Charles Schwab Corporation has a 12-month low of $83.96 and a 12-month high of $114.53. The business’s 50-day moving average is $105.07 and its 200-day moving average is $98.18. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $162.11 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 0.81 and a beta of 0.79.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Thursday, October 15th. The financial services provider reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.03. Charles Schwab had a return on equity of 24.53% and a net margin of 38.79%. Charles Schwab’s revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.31 EPS. As a group, sell-side analysts predict that The Charles Schwab Corporation will post 6.46 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, August 14th. Charles Schwab’s dividend payout ratio is 23.27%.

Analyst Ratings Changes

SCHW has been the topic of several research analyst reports. Piper Sandler lowered 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 note on Friday, October 2nd. Wells Fargo & Company started coverage on shares of Charles Schwab in a research note on Friday, October 2nd. They issued an “equal weight” rating and a $105.00 price target for the company. Zacks Research cut shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. BMO Capital Markets downgraded shares of Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 price objective on the stock. in a research report on Monday, July 20th. Finally, Citigroup restated a “market outperform” rating on shares of Charles Schwab in a research report on Wednesday, July 22nd. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, Charles Schwab presently has an average rating of “Moderate Buy” and an average target price of $119.00.

About Charles Schwab

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.