The Charles Schwab Corporation $SCHW Stock Position Lessened by Conning Inc.

Conning Inc. lessened its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 13.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,530 shares of the financial services provider’s stock after selling 8,551 shares during the period. Conning Inc.’s holdings in Charles Schwab were worth $5,330,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Flossbach Von Storch SE bought a new position in shares of Charles Schwab during the second quarter worth approximately $987,930,000. 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. Danske Bank A S acquired a new stake in Charles Schwab during the 2nd quarter worth approximately $145,950,000. Assenagon Asset Management S.A. boosted its stake in Charles Schwab by 67.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,923,270 shares of the financial services provider’s stock valued at $285,720,000 after purchasing an additional 1,179,312 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Charles Schwab by 63.4% in the 1st 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 period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SCHW. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $111.00 price target (up from $109.00) on shares of Charles Schwab in a research note on Friday, October 16th. Wells Fargo & Company cut their price objective on shares of Charles Schwab from $105.00 to $103.00 and set an “equal weight” rating for the company in a research report on Friday, October 16th. Truist Financial set a $115.00 price objective on shares of Charles Schwab in a research note on Friday, October 16th. Citizens Jmp reiterated a “market outperform” rating and set a $120.00 price objective on shares of Charles Schwab in a research note on Friday, October 16th. Finally, Compass Point raised their target price on shares of Charles Schwab from $135.00 to $136.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. Eighteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab currently has an average rating of “Moderate Buy” and a consensus target price of $119.91.

Charles Schwab Stock Down 0.5%

NYSE SCHW opened at $88.84 on Thursday. The business has a fifty day moving average price of $101.38 and a two-hundred day moving average price of $97.79. 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 fifty-two week low of $83.96 and a fifty-two week high of $114.53. The stock has a market capitalization of $153.63 billion, a PE ratio of 15.16, a PEG ratio of 0.81 and a beta of 0.79.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, October 15th. The financial services provider reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. Charles Schwab had a return on equity of 25.79% and a net margin of 39.33%. The firm had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $7.18 billion. During the same quarter last year, the business posted $1.31 EPS. The company’s revenue was up 16.9% compared to the same quarter last year. Equities analysts expect that The Charles Schwab Corporation will post 6.41 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.28 annualized dividend and a yield of 1.4%. Charles Schwab’s dividend payout ratio (DPR) is 21.84%.

More Charles Schwab News

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

• Positive Sentiment: Schwab Advisor Services announced new AI capabilities inside Schwab Advisor Center and through third-party applications used by registered investment advisors (RIAs). The initiative could improve advisor productivity, deepen Schwab’s platform relationships and support long-term asset growth. Schwab Advisor Services Expands AI Inside Schwab Advisor Center and Across Third-Party Solutions
• Positive Sentiment: The company is investing in advisor technology through an investment in AI startup Nevis and a previously announced collaboration with Anthropic. Schwab is also offering RIAs a $4,800 credit toward Claude for Financial Advisors’ enterprise plan, reducing adoption costs for smaller firms and potentially accelerating usage. Charles Schwab Invests in AI Startup Nevis Schwab Offers Credit to RIAs to Prompt Use of Claude AI Enterprise Plan
• Neutral Sentiment: CEO Rick Wurster reaffirmed Schwab’s commitment to supporting approximately 11,000 smaller RIA clients with less than $100 million in assets, contrasting with Fidelity’s decision to exit a similar segment. The stance may help Schwab attract advisors and retain client assets, although the financial benefit will depend on long-term growth and profitability. Schwab CEO Wurster Commits to Small RIAs
• Negative Sentiment: Traders purchased 26,195 SCHW put options, about 24% above average put volume. The activity signals increased near-term hedging or bearish speculation and may be contributing to today’s weaker sentiment.
• Negative Sentiment: A reported 13.77% reduction in a price target for Schwab preferred stock adds a negative signal for the broader Schwab complex, though it does not directly represent a valuation change for the company’s common shares. Charles Schwab Preferred Stock Price Target Decreased

Insiders Place Their Bets

In other Charles Schwab news, insider Dennis Howard sold 2,198 shares of Charles Schwab 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 transaction, the insider owned 6,980 shares in the company, valued at $767,800. The trade was a 23.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 dated Friday, August 7th. The stock was sold at an average price of $107.15, for a total value of $563,930.45. Following the transaction, the director directly owned 91,711 shares of the company’s stock, valued at approximately $9,826,833.65. The trade was a 5.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 285,734 shares of company stock valued at $32,073,309 over the last ninety days. 6.30% of the stock is owned by insiders.

About Charles Schwab

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.