The Charles Schwab Corporation $SCHW Stock: Formuepleje A S Reduces Stake

Formuepleje A S cut its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 10.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,975 shares of the financial services provider’s stock after selling 10,287 shares during the quarter. Charles Schwab makes up 0.8% of Formuepleje A S’s holdings, making the stock its 24th biggest holding. Formuepleje A S’s holdings in Charles Schwab were worth $8,892,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Compass Financial Management LLC bought a new position in Charles Schwab in the 2nd quarter valued at approximately $27,000. Scarborough Advisors LLC acquired a new stake in Charles Schwab in the first quarter valued at approximately $29,000. Main Street Group LTD bought a new stake in shares of Charles Schwab during the first quarter worth $33,000. J.Safra Asset Management Corp bought a new stake in shares of Charles Schwab during the second quarter worth $39,000. Finally, Washington Trust Advisors Inc. grew its stake in shares of Charles Schwab by 118.0% during the second 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. Institutional investors own 84.38% of the company’s stock.

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

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 192,488 shares of the company’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $103.90, for a total value of $19,999,503.20. Following the sale, the chairman owned 529,346 shares in the company, valued at approximately $54,999,049.40. The trade was a 26.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nigel J. Murtagh sold 32,947 shares of the 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 completion of the sale, the insider directly owned 57,972 shares of the company’s stock, valued at approximately $6,029,667.72. The trade was a 36.24% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 645,582 shares of company stock worth $69,553,935 over the last 90 days. Company insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

SCHW has been the subject of several research analyst reports. Barclays lowered their price target on shares of Charles Schwab from $125.00 to $118.00 and set an “overweight” rating for the company in a report on Wednesday, October 7th. BMO Capital Markets lowered 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. Raymond James Financial reaffirmed an “outperform” rating and issued a $145.00 target price on shares of Charles Schwab in a report on Wednesday, July 22nd. UBS Group dropped their target price on Charles Schwab from $128.00 to $113.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Finally, Argus increased their target price on Charles Schwab from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Charles Schwab presently has a consensus rating of “Moderate Buy” and an average target price of $119.00.

Charles Schwab Trading Down 2.5%

NYSE SCHW traded down $2.46 on Thursday, hitting $94.34. The company’s stock had a trading volume of 9,387,346 shares, compared to its average volume of 10,014,969. 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 1-year low of $83.96 and a 1-year high of $114.53. The company’s 50-day moving average is $105.07 and its 200 day moving average is $98.18. The firm has a market cap of $163.15 billion, a PE ratio of 17.18, a PEG ratio of 0.81 and a beta of 0.79.

Charles Schwab (NYSE:SCHW) last released 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 net margin of 38.79% and a return on equity of 24.53%. Charles Schwab’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.31 earnings per share. As a group, analysts predict that The Charles Schwab Corporation will post 6.46 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, August 14th. Charles Schwab’s dividend payout ratio is presently 23.27%.

Charles Schwab Profile

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.