Integrated Advisors Network LLC Purchases 6,330 Shares of The Charles Schwab Corporation $SCHW

Integrated Advisors Network LLC raised its position in The Charles Schwab Corporation (NYSE:SCHW) by 8.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,967 shares of the financial services provider’s stock after acquiring an additional 6,330 shares during the period. Integrated Advisors Network LLC’s holdings in Charles Schwab were worth $7,816,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SCHW. Compass Financial Management LLC acquired a new stake in shares of Charles Schwab during the 2nd quarter worth approximately $27,000. Scarborough Advisors LLC bought a new stake in shares of Charles Schwab during the first quarter valued at approximately $29,000. Main Street Group LTD acquired a new position in shares of Charles Schwab in the first quarter valued at $33,000. GK Wealth Management LLC acquired a new position in shares of Charles Schwab in the third quarter valued at $41,000. Finally, SHP Wealth Management acquired a new position in shares of Charles Schwab in the fourth quarter valued at $42,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on SCHW. Argus lifted their price target on shares of Charles Schwab from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. BMO Capital Markets dropped their price objective 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. Compass Point increased their price objective on shares of Charles Schwab from $135.00 to $136.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Morgan Stanley raised their price objective on shares of Charles Schwab from $136.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, October 9th. Finally, Rothschild & Co Redburn raised their price objective on shares of Charles Schwab from $114.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, September 21st. Eighteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $120.59.

Insider Activity

In other news, insider Nigel J. Murtagh sold 32,947 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $104.01, for a total value of $3,426,817.47. Following the sale, the insider owned 57,972 shares of the company’s stock, valued at approximately $6,029,667.72. This represents a 36.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula A. Sneed sold 5,263 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $107.15, for a total transaction of $563,930.45. Following the completion of the sale, the director directly owned 91,711 shares in the company, valued at approximately $9,826,833.65. The trade was a 5.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 639,529 shares of company stock valued at $68,923,436. 6.30% of the stock is owned by company insiders.

Charles Schwab Trading Up 1.4%

SCHW stock opened at $90.87 on Wednesday. The Charles Schwab Corporation has a 1-year low of $83.96 and a 1-year high of $114.53. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average is $103.79 and its 200-day moving average is $98.14. The firm has a market cap of $157.14 billion, a P/E ratio of 15.51, a P/E/G ratio of 0.79 and a beta of 0.79.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Thursday, October 15th. The financial services provider reported $1.69 EPS for the quarter, topping the consensus estimate of $1.66 by $0.03. The business had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $7.18 billion. Charles Schwab had a return on equity of 25.79% and a net margin of 39.33%. Charles Schwab’s revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the company earned $1.31 EPS. Equities analysts anticipate that The Charles Schwab Corporation will post 6.43 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, August 14th. Charles Schwab’s dividend payout ratio is currently 21.84%.

Trending Headlines about Charles Schwab

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

• Positive Sentiment: Charles Schwab reportedly delivered record revenue, reinforcing the company’s earnings-growth story. Its latest quarterly results also showed year-over-year revenue growth and an EPS beat, which may support investor confidence. Charles Schwab reports record revenue
• Positive Sentiment: New product activity, including the addition of an international bond ETF, expands Schwab’s investment lineup and could help attract or retain client assets. Charles Schwab Added an International Bond ETF
• Positive Sentiment: Some investment commentary continues to identify SCHW as a preferred financial-sector idea, pointing to its business quality and long-term earnings potential. Schwab: One of My Best Ideas in Financials
• Neutral Sentiment: Schwab and other major banks are restricting outside AI agents from moving money or executing account actions because of fraud, security and liability concerns. The policy limits near-term automation opportunities but may reduce operational and regulatory risks. The Banks Locked Agents Out
• Neutral Sentiment: Plans involving long-short investing products could broaden Schwab’s offerings, though coverage raises questions about competition and how successfully the firm can differentiate the strategy. Schwab’s long-short plans raise questions about competition
• Negative Sentiment: Deutsche Bank, Evercore and BMO Capital Markets all lowered their SCHW price targets. BMO assigned a “market perform” rating, signaling more limited near-term upside despite the revised targets remaining above the current share price. Deutsche Bank cuts target for Charles Schwab

Charles Schwab Company Profile

The Charles Schwab Corporation (NYSE: SCHW) is a financial services company that provides investment, wealth management, banking and related services to individual investors, financial professionals and institutional clients. Through its brokerage business, Schwab offers trading and custody services for stocks, exchange-traded funds, mutual funds, options, fixed-income securities and other investments, along with retirement accounts and investment research tools.

The company also provides advisory and wealth management services, including managed portfolios, financial planning and support for registered investment advisors.