The Charles Schwab Corporation $SCHW Stock Sold by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD trimmed its stake in The Charles Schwab Corporation (NYSE:SCHW) by 47.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 981,824 shares of the financial services provider’s stock after selling 876,317 shares during the period. Charles Schwab accounts for 2.1% of Mondrian Investment Partners LTD’s portfolio, making the stock its 17th largest position. Mondrian Investment Partners LTD owned 0.06% of Charles Schwab worth $95,963,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Mascoma Wealth Management LLC boosted its holdings in shares of Charles Schwab by 71.6% in the 3rd quarter. Mascoma Wealth Management LLC now owns 374 shares of the financial services provider’s stock valued at $37,000 after buying an additional 156 shares in the last quarter. Gibbs Wealth Management raised its stake in shares of Charles Schwab by 22.2% during the 3rd quarter. Gibbs Wealth Management now owns 7,910 shares of the financial services provider’s stock worth $773,000 after acquiring an additional 1,435 shares in the last quarter. MBL Wealth LLC purchased a new stake in Charles Schwab during the third quarter valued at approximately $308,000. WP Advisors LLC purchased a new stake in Charles Schwab during the third quarter valued at approximately $234,000. Finally, Brookstone Capital Management lifted its position in Charles Schwab by 7.3% during the third quarter. Brookstone Capital Management now owns 57,835 shares of the financial services provider’s stock valued at $5,653,000 after acquiring an additional 3,920 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Key Stories Impacting Charles Schwab

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

• Positive Sentiment: Schwab may benefit if short-term interest rates remain elevated. Higher yields can increase the income the cash-rich brokerage earns on client balances, potentially supporting net interest revenue and profitability. Why Charles Schwab Stock Could Benefit If Short Term Rates Stay Higher
• Positive Sentiment: The board declared a regular quarterly common-stock dividend of $0.32 per share, equivalent to $1.28 annually and a stated yield of approximately 1.4%. The dividend is payable November 27 to shareholders of record November 13. Schwab Declares Quarterly Common Stock Dividend and Declares Preferred Stock Dividends
• Positive Sentiment: Opening two Portland branches could expand Schwab’s local presence and support client acquisition, although the financial impact is likely modest initially. Schwab opens two new Portland branches to expand local access

Charles Schwab Stock Down 1.0%

SCHW stock opened at $90.56 on Friday. The firm’s fifty day simple moving average is $102.66 and its 200-day simple moving average is $98.06. The company has a market capitalization of $156.61 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 0.81 and a beta of 0.79. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.64 and a quick ratio of 0.64. 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 announced its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.03. Charles Schwab had a return on equity of 25.79% and a net margin of 39.33%. The company had revenue of $7.17 billion during the quarter, compared to analysts’ expectations of $7.18 billion. During the same period last year, the business earned $1.31 earnings per share. Charles Schwab’s quarterly revenue was up 16.9% on a year-over-year basis. As a group, equities research analysts forecast that The Charles Schwab Corporation will post 6.41 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be paid 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 dividend payout ratio (DPR) is presently 21.84%.

Insider Activity

In other news, insider Nigel Murtagh sold 32,947 shares of Charles Schwab stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $104.01, for a total transaction of $3,426,817.47. Following the completion of the transaction, the insider directly owned 57,972 shares of the company’s stock, valued at $6,029,667.72. The trade was 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 Sneed sold 5,263 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $107.15, for a total transaction of $563,930.45. Following the completion of the transaction, the director owned 91,711 shares of the company’s stock, valued at approximately $9,826,833.65. This represents a 5.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 632,577 shares of company stock valued at $68,214,123 in the last quarter. Company insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

SCHW has been the subject of several recent analyst reports. Rothschild & Co Redburn raised their target price on shares of Charles Schwab from $114.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 21st. Truist Financial set a $115.00 price target on Charles Schwab in a research report on Friday, October 16th. TD Cowen increased their price objective on Charles Schwab from $128.00 to $129.00 and gave the company a “buy” rating in a report on Monday, October 12th. Piper Sandler lowered their price objective on Charles Schwab from $118.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, October 2nd. Finally, Compass Point boosted their target price on Charles Schwab from $135.00 to $136.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Eighteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $120.18.

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.