The Charles Schwab Corporation $SCHW Stake Lessened by Ninety One UK Ltd

Ninety One UK Ltd lessened its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 1.8% in the third quarter, Holdings Channel reports. The firm owned 1,033,167 shares of the financial services provider’s stock after selling 19,364 shares during the period. Ninety One UK Ltd’s holdings in Charles Schwab were worth $100,982,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. USS Investment Management Ltd raised its stake in shares of Charles Schwab by 4.6% in the 1st quarter. USS Investment Management Ltd now owns 288,035 shares of the financial services provider’s stock valued at $27,068,000 after acquiring an additional 12,789 shares during the period. Whittier Trust Co. boosted its position in Charles Schwab by 3.9% during the 1st quarter. Whittier Trust Co. now owns 384,881 shares of the financial services provider’s stock worth $35,790,000 after purchasing an additional 14,538 shares during the period. Financial Advisory Partners LLC purchased a new stake in Charles Schwab during the 1st quarter worth $3,199,000. Patriot Financial Group Insurance Agency LLC increased its holdings in Charles Schwab by 112.0% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 89,498 shares of the financial services provider’s stock valued at $8,411,000 after purchasing an additional 47,281 shares in the last quarter. Finally, Private Wealth Partners LLC increased its holdings in Charles Schwab by 91.9% in the 1st quarter. Private Wealth Partners LLC now owns 204,248 shares of the financial services provider’s stock valued at $19,195,000 after purchasing an additional 97,829 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Evercore reissued an “underperform” rating on shares of Charles Schwab in a research report on Thursday. Argus upped their target price on Charles Schwab from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Charles Schwab in a research note on Wednesday, July 22nd. Piper Sandler lowered their target price on Charles Schwab from $118.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, October 2nd. Finally, UBS Group dropped their target price on Charles Schwab from $128.00 to $113.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.00.

Insider Activity

In other news, Chairman Walter W. Bettinger sold 74,388 shares of the firm’s stock in a transaction dated 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 directly owned 610,360 shares in the company, valued at approximately $67,695,027.60. This trade represents a 10.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $111.33, for a total transaction of $111,330.00. Following the completion of the transaction, the insider owned 10,738 shares in the company, valued at approximately $1,195,461.54. The trade was a 8.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 645,582 shares of company stock valued at $69,553,935 over the last quarter. 6.30% of the stock is owned by company insiders.

Key Headlines 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

Shares of SCHW traded down $3.32 during mid-day trading on Thursday, hitting $93.48. The stock had a trading volume of 10,089,143 shares, compared to its average volume of 10,020,594. The company has a market cap of $161.66 billion, a PE ratio of 17.00, a PEG ratio of 0.81 and a beta of 0.79. The company’s fifty day simple moving average is $105.07 and its two-hundred day simple moving average is $98.18. 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 Charles Schwab Corporation has a fifty-two week low of $83.96 and a fifty-two week high of $114.53.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.69 earnings per share (EPS) for the quarter, beating 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%. During the same quarter last year, the company posted $1.31 EPS. The business’s quarterly revenue was up 16.9% on a year-over-year basis. On average, equities analysts expect that The Charles Schwab Corporation will post 6.46 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Friday, August 14th. This represents a $1.28 annualized dividend and a yield of 1.4%. Charles Schwab’s payout ratio is presently 23.27%.

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.