The Charles Schwab Corporation $SCHW Shares Sold by Formuepleje A S

Formuepleje A S cut its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 10.2% in the 3rd quarter, HoldingsChannel reports. 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 about 0.8% of Formuepleje A S’s portfolio, making the stock its 24th largest holding. Formuepleje A S’s holdings in Charles Schwab were worth $8,892,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SCHW. Invesco Ltd. grew its holdings in Charles Schwab by 3.0% during the 4th quarter. Invesco Ltd. now owns 16,425,579 shares of the financial services provider’s stock worth $1,641,080,000 after acquiring an additional 484,558 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Charles Schwab by 22.9% during the 1st quarter. Bank of New York Mellon Corp now owns 16,162,082 shares of the financial services provider’s stock valued at $1,518,913,000 after purchasing an additional 3,009,884 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Charles Schwab by 3.5% during the 1st quarter. Bank of America Corp DE now owns 15,623,030 shares of the financial services provider’s stock valued at $1,468,252,000 after purchasing an additional 530,191 shares in the last quarter. Flossbach Von Storch SE acquired a new stake in Charles Schwab during the second quarter worth approximately $987,930,000. Finally, Janus Henderson Group PLC increased its stake in shares of Charles Schwab by 17.9% in the 4th quarter. Janus Henderson Group PLC now owns 6,862,590 shares of the financial services provider’s stock valued at $685,645,000 after acquiring an additional 1,040,041 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Insiders Place Their Bets

In other Charles Schwab news, insider Dennis Howard sold 2,198 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $110.00, for a total transaction of $241,780.00. Following the completion of the sale, the insider owned 6,980 shares in the company, valued at approximately $767,800. The trade was a 23.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Walter Bettinger sold 74,388 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $110.91, for a total transaction of $8,250,373.08. Following the transaction, the chairman owned 610,360 shares in the company, valued at approximately $67,695,027.60. The trade was a 10.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 645,582 shares of company stock worth $69,553,935 in the last quarter. Insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SCHW shares. Truist Financial dropped their target price on shares of Charles Schwab from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Charles Schwab in a report on Wednesday, July 22nd. Argus lifted their price target on shares of Charles Schwab from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Evercore reaffirmed an “underperform” rating on shares of Charles Schwab in a research note on Thursday. Finally, Bank of America upped their price objective on shares of Charles Schwab from $91.00 to $95.00 and gave the company an “underperform” rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $119.00.

Charles Schwab Stock Down 2.5%

Charles Schwab stock traded down $2.46 during mid-day trading on Thursday, reaching $94.34. The stock had a trading volume of 9,387,346 shares, compared to its average volume of 10,014,969. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.64 and a current ratio of 0.64. The Charles Schwab Corporation has a fifty-two week low of $83.96 and a fifty-two week high of $114.53. The stock’s 50-day simple moving average is $105.07 and its 200-day simple moving average is $98.18. The firm has a market capitalization of $163.15 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 0.81 and a beta of 0.79.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Thursday, October 15th. The financial services provider reported $1.69 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 in the prior year, the business earned $1.31 earnings per share. The business’s quarterly revenue was up 16.9% on a year-over-year basis. On average, sell-side analysts forecast that The Charles Schwab Corporation will post 6.46 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.28 annualized dividend and a yield of 1.4%. Charles Schwab’s dividend payout ratio (DPR) is presently 23.27%.

Charles Schwab News Roundup

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 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.