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

M Holdings Securities Inc. acquired a new stake in The Charles Schwab Corporation (NYSE:SCHW) during the third quarter, Holdings Channel.com reports. The firm acquired 7,740 shares of the financial services provider’s stock, valued at approximately $752,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SCHW. Bank of New York Mellon Corp grew its stake in Charles Schwab by 22.9% during the first quarter. Bank of New York Mellon Corp now owns 16,162,082 shares of the financial services provider’s stock worth $1,518,913,000 after purchasing an additional 3,009,884 shares during the period. Bank of America Corp DE increased its holdings in Charles Schwab by 3.5% in the first 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 purchasing an additional 530,191 shares in the last quarter. Flossbach Von Storch SE acquired a new position in Charles Schwab in the second quarter valued at approximately $987,930,000. Dimensional Fund Advisors LP lifted its stake in Charles Schwab by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 5,742,934 shares of the financial services provider’s stock valued at $539,705,000 after buying an additional 60,979 shares during the period. Finally, Provident Trust Co. lifted its stake in Charles Schwab by 0.4% in the second quarter. Provident Trust Co. now owns 3,716,441 shares of the financial services provider’s stock valued at $342,916,000 after buying an additional 13,616 shares during the period. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $93.18 on Wednesday. The business has a 50-day simple moving average of $97.82 and a 200 day simple moving average of $97.29. The Charles Schwab Corporation has a one year low of $83.96 and a one year high of $114.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.66 and a quick ratio of 0.64. The firm has a market capitalization of $161.14 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 0.82 and a beta of 0.77.

Charles Schwab (NYSE:SCHW) last announced its quarterly 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 25.46% and a net margin of 39.33%. The business had revenue of $7.17 billion for the quarter, compared to analyst estimates of $7.18 billion. During the same quarter in the prior year, the company earned $1.31 earnings per share. The company’s quarterly revenue was up 16.9% on a year-over-year basis. On average, research analysts anticipate that The Charles Schwab Corporation will post 6.41 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be given a dividend of $0.32 per share. 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 dividend payout ratio is presently 21.84%.

Insider Buying and Selling

In related news, Chairman Walter Bettinger sold 176,210 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $113.49, for a total value of $19,998,072.90. Following the transaction, the chairman directly owned 610,360 shares in the company, valued at $69,269,756.40. This trade represents a 22.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan Beatty sold 1,000 shares of Charles Schwab stock in a transaction on Monday, August 17th. The shares were sold at an average price of $111.33, for a total transaction of $111,330.00. Following the completion of the sale, the insider directly owned 10,738 shares of the company’s stock, valued at approximately $1,195,461.54. The trade was a 8.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 253,796 shares of company stock worth $28,601,556 in the last ninety days. Corporate insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SCHW. Deutsche Bank Aktiengesellschaft set a $125.00 price objective on shares of Charles Schwab and gave the stock a “buy” rating in a research report on Friday, October 16th. JPMorgan Chase & Co. lowered their price objective on shares of Charles Schwab from $150.00 to $147.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Citigroup reiterated a “market outperform” rating on shares of Charles Schwab in a research report on Friday, October 16th. Wells Fargo & Company cut their target price on shares of Charles Schwab from $105.00 to $103.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $120.00 price target on shares of Charles Schwab in a report on Friday, October 16th. Eighteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued 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 $119.91.

Charles Schwab News Roundup

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

Charles Schwab 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.