The Charles Schwab Corporation $SCHW Stake Cut by HF Advisory Group LLC

HF Advisory Group LLC decreased its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 13.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,531 shares of the financial services provider’s stock after selling 5,731 shares during the quarter. HF Advisory Group LLC’s holdings in Charles Schwab were worth $3,473,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SCHW. Kaizen Financial Strategies bought a new position in Charles Schwab in the 3rd quarter valued at $205,000. RFG Bristol Wealth Advisors LLC lifted its holdings in shares of Charles Schwab by 5.1% during the 3rd quarter. RFG Bristol Wealth Advisors LLC now owns 21,280 shares of the financial services provider’s stock worth $2,080,000 after acquiring an additional 1,038 shares during the period. Sound Income Strategies LLC raised its holdings in Charles Schwab by 15.2% in the 3rd quarter. Sound Income Strategies LLC now owns 6,844 shares of the financial services provider’s stock valued at $663,000 after buying an additional 905 shares during the last quarter. GK Wealth Management LLC bought a new stake in Charles Schwab in the third quarter worth approximately $41,000. Finally, Riversedge Advisors LLC increased its holdings in Charles Schwab by 14.0% during the 3rd quarter. Riversedge Advisors LLC now owns 3,087 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 378 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab News Summary

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

• Positive Sentiment: Schwab agreed to sell Forge Trust and its parent to Alto, combining Forge’s alternative-asset custody capabilities with Alto’s self-directed retirement-account technology. The transaction could sharpen Schwab’s focus while giving investors exposure to the expanding private-markets retirement segment. Charles Schwab Parts With Forge Trust in Private Markets Retirement Push
• Positive Sentiment: Schwab executives pointed to broader investor participation, increased interest in international stocks and growing demand for cryptocurrency exposure. These trends could support future client assets, trading activity and fee revenue, although the articles do not report a new financial forecast. Investors Looking at Broader Participation, Not Just Picking Winners
• Neutral Sentiment: Consumer coverage of Schwab’s certificates of deposit, investing services, AI tools and crypto capabilities reinforces the company’s broad retail offering, but provides no material change to near-term earnings expectations. Charles Schwab Review
• Neutral Sentiment: A report warns that Schwab may stop processing Roth conversions several days before year-end settlement deadlines. This is primarily a client-planning issue and does not appear to represent a significant financial or regulatory development for SCHW. Roth Conversion Processing Deadlines
• Negative Sentiment: Analysts expect earnings to grow, but Zacks says Schwab lacks the combination of factors typically associated with a likely earnings beat. That cautious assessment may weigh on the stock ahead of its scheduled report and keeps near-term upside dependent on stronger-than-expected results. Charles Schwab Earnings Expected to Grow

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Dennis Howard sold 2,198 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $110.00, for a total value of $241,780.00. Following the completion of the sale, the insider owned 6,980 shares in the company, valued at $767,800. This represents a 23.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula A. Sneed sold 5,263 shares of Charles Schwab stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $107.15, for a total value 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 trade represents a 5.43% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 645,582 shares of company stock worth $69,553,935. 6.30% of the stock is owned by insiders.

Charles Schwab Stock Down 0.2%

Charles Schwab stock opened at $96.68 on Friday. The firm has a market cap of $167.19 billion, a price-to-earnings ratio of 17.58, a P/E/G ratio of 0.82 and a beta of 0.79. The firm has a fifty day moving average price of $105.68 and a two-hundred day moving average price of $98.12. The Charles Schwab Corporation has a fifty-two week low of $83.96 and a fifty-two week high of $114.53. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.64 and a quick ratio of 0.64.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. Charles Schwab had a return on equity of 24.53% and a net margin of 38.79%. The company had revenue of $7.07 billion during the quarter, compared to analysts’ expectations of $6.90 billion. During the same period in the prior year, the business posted $1.14 EPS. Charles Schwab’s revenue was up 20.9% on a year-over-year basis. As a group, analysts forecast 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. Stockholders of record on Friday, August 14th were paid a $0.32 dividend. The ex-dividend date was Friday, August 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.3%. Charles Schwab’s dividend payout ratio (DPR) is presently 23.27%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SCHW shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Charles Schwab in a research note on Wednesday, July 22nd. Wells Fargo & Company began coverage on Charles Schwab in a research report on Friday, October 2nd. They issued an “equal weight” rating and a $105.00 price objective on the stock. UBS Group lowered their price objective on shares of Charles Schwab from $128.00 to $113.00 and set a “buy” rating for the company in a research note on Wednesday. Wolfe Research restated an “outperform” rating and set a $127.00 price objective on shares of Charles Schwab in a research report on Tuesday, July 21st. Finally, Barclays dropped their price objective on shares of Charles Schwab from $125.00 to $118.00 and set an “overweight” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.32.

Charles Schwab Company 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.