The Charles Schwab Corporation $SCHW Holdings Boosted by Garrison Bradford & Associates Inc.

Garrison Bradford & Associates Inc. increased its stake in The Charles Schwab Corporation (NYSE:SCHW) by 22.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,554 shares of the financial services provider’s stock after purchasing an additional 6,194 shares during the quarter. Charles Schwab accounts for 3.7% of Garrison Bradford & Associates Inc.’s portfolio, making the stock its 11th largest position. Garrison Bradford & Associates Inc.’s holdings in Charles Schwab were worth $3,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SCHW. North Dakota State Investment Board lifted its holdings in Charles Schwab by 21.7% in the third quarter. North Dakota State Investment Board now owns 58,631 shares of the financial services provider’s stock valued at $5,731,000 after acquiring an additional 10,450 shares during the period. North Star Investment Management Corp. boosted its position in Charles Schwab by 27.1% in the third quarter. North Star Investment Management Corp. now owns 755 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 161 shares during the last quarter. Vaquero Private Wealth Ltd. bought a new stake in shares of Charles Schwab during the 3rd quarter valued at about $66,000. Lynx Investment Advisory bought a new stake in shares of Charles Schwab during the 3rd quarter valued at about $209,000. Finally, William Mack & Associates Inc. purchased a new stake in shares of Charles Schwab during the 3rd quarter valued at about $55,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Key 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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SCHW shares. Zacks Research cut shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. BMO Capital Markets reduced their target price on shares of Charles Schwab from $105.00 to $97.00 and set a “market perform” rating for the company in a report on Monday, October 19th. Piper Sandler decreased their price target 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. Wolfe Research reiterated an “outperform” rating and set a $127.00 price target (up from $123.00) on shares of Charles Schwab in a research note on Tuesday, July 21st. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $117.00 price objective (down from $122.00) on shares of Charles Schwab in a research report on Friday, October 16th. Eighteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Charles Schwab presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.91.

Charles Schwab Trading Down 0.5%

Shares of Charles Schwab stock opened at $88.84 on Thursday. The company has a market capitalization of $153.63 billion, a P/E ratio of 15.16, a P/E/G ratio of 0.81 and a beta of 0.79. 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 company has a fifty day moving average of $101.38 and a 200 day moving average of $97.79. 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 issued its earnings results on Thursday, October 15th. The financial services provider reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.03. Charles Schwab had a return on equity of 25.79% and a net margin of 39.33%. The company 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 company earned $1.31 EPS. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. On average, sell-side analysts anticipate that The Charles Schwab Corporation will post 6.41 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be given a dividend of $0.32 per share. 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%.

Insiders Place Their Bets

In other news, Chairman Walter W. Bettinger sold 74,388 shares of the company’s stock in a transaction dated 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 sale, the chairman directly owned 610,360 shares in the company, valued at approximately $67,695,027.60. This represents a 10.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $111.33, for a total value of $111,330.00. Following the transaction, the insider directly owned 10,738 shares in the company, valued at approximately $1,195,461.54. This represents a 8.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 285,734 shares of company stock worth $32,073,309. Insiders own 6.30% of the company’s stock.

Charles Schwab Profile

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.