6,684 The Charles Schwab Corporation $SCHW Shares Bought by Wedmont Private Capital

Wedmont Private Capital increased its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 35.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,429 shares of the financial services provider’s stock after acquiring an additional 6,684 shares during the period. Wedmont Private Capital’s holdings in Charles Schwab were worth $2,463,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. raised its position in Charles Schwab by 3.0% in the fourth quarter. Invesco Ltd. now owns 16,425,579 shares of the financial services provider’s stock valued at $1,641,080,000 after purchasing an additional 484,558 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of 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 worth $1,518,913,000 after purchasing an additional 3,009,884 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Charles Schwab by 3.5% in the first 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 during the period. Flossbach Von Storch SE acquired a new position in shares of Charles Schwab in the second quarter valued at approximately $987,930,000. Finally, Janus Henderson Group PLC raised its holdings in 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 buying an additional 1,040,041 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on SCHW. Piper Sandler cut their target price on shares of Charles Schwab from $118.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, October 2nd. Morgan Stanley upped their price target on shares of Charles Schwab from $136.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday. BMO Capital Markets lowered shares of Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 price target on the stock. in a report on Monday, July 20th. Compass Point started coverage on shares of Charles Schwab in a research note on Monday, August 3rd. They issued a “buy” rating and a $135.00 price objective on the stock. Finally, UBS Group decreased their price objective on Charles Schwab from $128.00 to $113.00 and set a “buy” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $118.32.

Key Headlines Impacting Charles Schwab

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

Charles Schwab Stock Performance

NYSE:SCHW opened at $96.68 on Friday. The company has a market capitalization of $167.19 billion, a PE ratio of 17.58, a P/E/G ratio of 0.82 and a beta of 0.79. The company has a 50 day simple moving average of $105.68 and a two-hundred day simple moving average of $98.12. 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.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.06. The firm had revenue of $7.07 billion during the quarter, compared to analyst estimates of $6.90 billion. Charles Schwab had a net margin of 38.79% and a return on equity of 24.53%. The company’s revenue was up 20.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.14 EPS. Research analysts anticipate that The Charles Schwab Corporation will post 6.46 earnings per share 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 paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 14th. Charles Schwab’s dividend payout ratio (DPR) is currently 23.27%.

Insider Buying and Selling at Charles Schwab

In related news, Director Paula Sneed sold 5,263 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $107.15, for a total value of $563,930.45. Following the transaction, the director owned 91,711 shares in the company, valued at $9,826,833.65. The trade was a 5.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Walter Bettinger sold 192,488 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $103.90, for a total transaction of $19,999,503.20. Following the sale, the chairman directly owned 529,346 shares in the company, valued at $54,999,049.40. This trade represents a 26.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 645,582 shares of company stock valued at $69,553,935 over the last three months. 6.30% of the stock is currently owned by corporate insiders.

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.