The Charles Schwab Corporation $SCHW Shares Sold by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp lowered its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 25.0% in the 3rd quarter, Holdings Channel reports. The firm owned 73,506 shares of the financial services provider’s stock after selling 24,536 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Charles Schwab were worth $7,184,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHW. Joel Isaacson & Co. LLC boosted its holdings in shares of Charles Schwab by 4.2% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 9,179 shares of the financial services provider’s stock valued at $897,000 after acquiring an additional 367 shares during the last quarter. Machina Capital S.A.S. grew its stake in shares of Charles Schwab by 263.0% in the third quarter. Machina Capital S.A.S. now owns 40,620 shares of the financial services provider’s stock worth $3,970,000 after acquiring an additional 29,430 shares during the period. Illinois Municipal Retirement Fund grew its stake in shares of Charles Schwab by 0.6% in the third quarter. Illinois Municipal Retirement Fund now owns 114,533 shares of the financial services provider’s stock worth $11,194,000 after acquiring an additional 730 shares during the period. Northbridge Financial Group LLC purchased a new position in shares of Charles Schwab during the third quarter valued at approximately $260,000. Finally, Brooklyn FI LLC purchased a new position in shares of Charles Schwab during the third quarter valued at approximately $286,000. 84.38% of the stock is owned by institutional investors.

Insider Buying and Selling at Charles Schwab

In related news, insider Jonathan Beatty sold 1,000 shares of the firm’s stock in a transaction 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 transaction, the insider directly owned 10,738 shares of the company’s stock, valued at approximately $1,195,461.54. This trade represents a 8.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Walter Bettinger sold 74,388 shares of Charles Schwab stock in a transaction on Friday, August 28th. The shares were sold at an average price of $110.91, for a total value of $8,250,373.08. Following the transaction, the chairman owned 610,360 shares in the company, valued at $67,695,027.60. This trade represents a 10.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 251,598 shares of company stock valued at $28,359,776 over the last 90 days. 6.30% of the stock is currently owned by company insiders.

Charles Schwab Stock Performance

Shares of NYSE SCHW opened at $92.69 on Thursday. The firm has a 50 day moving average of $97.51 and a 200 day moving average of $97.24. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $159.99 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 0.83 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.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. Charles Schwab had a net margin of 39.33% and a return on equity of 25.46%. The business had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $7.18 billion. During the same period last year, the firm 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 year.

Charles Schwab Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. Charles Schwab’s payout ratio is presently 21.84%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SCHW. Evercore set a $98.00 price objective on shares of Charles Schwab in a research report on Wednesday, October 28th. Weiss Ratings upgraded shares of Charles Schwab from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 10th. Piper Sandler cut their target price on shares of Charles Schwab from $118.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, October 2nd. Wolfe Research reiterated an “outperform” rating and set a $127.00 target price (up from $123.00) on shares of Charles Schwab in a research note on Tuesday, July 21st. Finally, BMO Capital Markets decreased their target price on shares of Charles Schwab from $105.00 to $97.00 and set a “market perform” rating for the company in a research note on Monday, October 19th. Eighteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $119.91.

Recent Charles Schwab Headlines

Investors following SCHW have been watching these headlines:

• Positive Sentiment: Schwab is adding Solana, Avalanche and Chainlink trading for eligible retail clients alongside Bitcoin and Ethereum. Offering crypto through existing brokerage accounts may help attract and retain customers and broaden Schwab’s product range, though the coverage does not quantify the likely financial impact. What Is Charles Schwab Signaling By Adding Solana, Avalanche And Chainlink?
• Neutral Sentiment: One report cites an average analyst price target of $119.91. That is a sentiment indicator, not a new company operating result or a guarantee of future performance. The Charles Schwab Corporation Stock Has Average Target Price of $119.91
• Negative Sentiment: A consumer-finance article warns that cash held at Schwab and other brokerages may earn less than funds in alternative savings accounts. If customers move cash elsewhere, that could challenge retention and potentially affect a source of brokerage funding; the article does not estimate any impact on Schwab. Why You Should Think Twice About Keeping Cash Savings at Vanguard, Schwab, or Fidelity

About Charles Schwab

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.