The Charles Schwab Corporation $SCHW Stock Position Lessened by Equity Investment Corp

Equity Investment Corp decreased its position in The Charles Schwab Corporation (NYSE:SCHW) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 788,347 shares of the financial services provider’s stock after selling 26,280 shares during the quarter. Equity Investment Corp’s holdings in Charles Schwab were worth $77,053,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in 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 worth $1,518,913,000 after purchasing an additional 3,009,884 shares during the last quarter. Bank of America Corp DE grew its holdings in Charles Schwab by 3.5% in 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 buying an additional 530,191 shares in the last quarter. Flossbach Von Storch SE acquired a new position in Charles Schwab in the 2nd quarter valued at $987,930,000. Dimensional Fund Advisors LP grew its holdings in Charles Schwab by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,742,934 shares of the financial services provider’s stock valued at $539,705,000 after buying an additional 60,979 shares in the last quarter. Finally, Provident Trust Co. increased its position in Charles Schwab by 0.4% during the 2nd quarter. Provident Trust Co. now owns 3,716,441 shares of the financial services provider’s stock worth $342,916,000 after buying an additional 13,616 shares during the period. Institutional investors own 84.38% of the company’s stock.

Trending Headlines about Charles Schwab

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

• Positive Sentiment: Schwab Crypto added Solana, Avalanche and Chainlink for eligible U.S. investors, expanding its lineup beyond Bitcoin and Ether. The broader selection may help Schwab compete for crypto-trading activity and deepen relationships with its large brokerage customer base; the offering is limited to eligible clients. Schwab Crypto Adds Chainlink, Solana and Avalanche for Eligible US Investors
• Positive Sentiment: Schwab lowered account minimums for clients seeking IPO shares. Easier access could make the service available to more investors and support account acquisition or engagement. Charles Schwab Lowers Account Minimums to Request IPO Shares
• Neutral Sentiment: Schwab’s Trading Activity Index rose to 61.94 in October from 58.92 in September, indicating increased retail-investor activity. This may support trading-related revenue, but the index alone does not show how much activity translated into Schwab’s results. Schwab Trading Activity Index: STAX Score Rises in October Despite AI Selloff

Charles Schwab Trading Up 0.5%

Shares of NYSE:SCHW opened at $93.18 on Wednesday. The company has a market capitalization of $160.83 billion, a P/E ratio of 15.90, a P/E/G ratio of 0.82 and a beta of 0.77. The Charles Schwab Corporation has a 1 year low of $83.96 and a 1 year high of $114.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.66 and a quick ratio of 0.64. The business’s 50 day simple moving average is $97.82 and its 200 day simple moving average is $97.29.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data 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. The firm had revenue of $7.17 billion during the quarter, compared to analysts’ expectations of $7.18 billion. Charles Schwab had a return on equity of 25.46% and a net margin of 39.33%. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.31 EPS. On average, research analysts anticipate that The Charles Schwab Corporation will post 6.41 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be given a $0.32 dividend. The ex-dividend date 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 Buying and Selling

In related news, insider Dennis Howard sold 2,198 shares of the business’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 transaction, the insider owned 6,980 shares of the company’s stock, valued at $767,800. The trade was a 23.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Walter Bettinger sold 176,210 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $113.49, for a total transaction of $19,998,072.90. Following the sale, the chairman directly owned 610,360 shares of the company’s stock, valued at $69,269,756.40. This represents a 22.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 253,796 shares of company stock worth $28,601,556. Company insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SCHW. Wells Fargo & Company dropped their target price on Charles Schwab from $105.00 to $103.00 and set an “equal weight” rating for the company in a report on Friday, October 16th. Morgan Stanley decreased their price target on shares of Charles Schwab from $141.00 to $132.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 21st. Truist Financial set a $115.00 price target on shares of Charles Schwab in a research note on Friday, October 16th. TD Cowen raised their price target on shares of Charles Schwab from $128.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, October 12th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $145.00 price objective (up from $137.00) on shares of Charles Schwab in a research note on Thursday, October 15th. Eighteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $119.91.

Charles Schwab Company Profile

The Charles Schwab Corporation is a financial services company that provides brokerage, banking, wealth management, and investment services. Its offerings include brokerage accounts, trading and research tools, retirement products, banking services, and investment advice for individuals, as well as services for independent financial advisors, employers, and institutions. Founded in 1971 by Charles R. Schwab, the company helped popularize discount brokerage services. It expanded its brokerage business with the 2020 acquisition of TD Ameritrade, whose trading platform and services became part of Schwab.