Ninety One SA Pty Ltd Sells 9,382 Shares of The Charles Schwab Corporation $SCHW

Ninety One SA Pty Ltd lessened its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 58.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,617 shares of the financial services provider’s stock after selling 9,382 shares during the quarter. Ninety One SA Pty Ltd’s holdings in Charles Schwab were worth $654,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Flossbach Von Storch SE bought a new position in Charles Schwab in the 2nd quarter worth $987,930,000. Bank of New York Mellon Corp boosted its holdings in Charles Schwab by 22.9% during the first 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 acquiring an additional 3,009,884 shares during the period. Danske Bank A S bought a new stake in Charles Schwab during the second quarter valued at about $145,950,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Charles Schwab in the first quarter valued at about $129,140,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Charles Schwab by 63.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,786,512 shares of the financial services provider’s stock valued at $261,876,000 after purchasing an additional 1,081,382 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Performance

NYSE:SCHW traded down $3.29 during trading hours on Thursday, hitting $93.51. 10,089,143 shares of the company traded hands, compared to its average volume of 10,020,594. The stock has a market capitalization of $161.70 billion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 0.81 and a beta of 0.79. The Charles Schwab Corporation has a twelve month low of $83.96 and a twelve month high of $114.53. The firm has a 50-day moving average of $105.07 and a 200 day moving average of $98.18. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52.

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

Charles Schwab Announces Dividend

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

Key Stories 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 Activity

In other Charles Schwab news, insider Nigel Murtagh sold 24,778 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $109.01, for a total value of $2,701,049.78. Following the sale, the insider owned 57,972 shares of the company’s stock, valued at $6,319,527.72. The trade was a 29.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Walter Bettinger sold 74,388 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $110.91, for a total transaction of $8,250,373.08. Following the completion of the transaction, the chairman owned 610,360 shares of the company’s stock, valued at approximately $67,695,027.60. This represents a 10.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 645,582 shares of company stock valued at $69,553,935. 6.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wells Fargo & Company started coverage on Charles Schwab in a research note on Friday, October 2nd. They issued an “equal weight” rating and a $105.00 price objective on the stock. Weiss Ratings upgraded Charles Schwab from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 10th. Evercore restated an “underperform” rating on shares of Charles Schwab in a research note on Thursday. TD Cowen raised their target price on Charles Schwab from $128.00 to $129.00 and gave the company a “buy” rating in a report on Monday. Finally, Morgan Stanley lifted their price target on Charles Schwab from $136.00 to $141.00 and gave the stock an “overweight” rating in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $119.00.

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.