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

Ninety One SA Pty Ltd trimmed its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 58.6% in the third quarter, HoldingsChannel reports. The firm owned 6,617 shares of the financial services provider’s stock after selling 9,382 shares during the period. Ninety One SA Pty Ltd’s holdings in Charles Schwab were worth $654,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of SCHW. USS Investment Management Ltd grew its stake in shares of Charles Schwab by 4.6% during the first quarter. USS Investment Management Ltd now owns 288,035 shares of the financial services provider’s stock valued at $27,068,000 after purchasing an additional 12,789 shares during the last quarter. Whittier Trust Co. raised its position in Charles Schwab by 3.9% in the 1st quarter. Whittier Trust Co. now owns 384,881 shares of the financial services provider’s stock worth $35,790,000 after purchasing an additional 14,538 shares during the last quarter. Financial Advisory Partners LLC bought a new position in Charles Schwab in the 1st quarter worth approximately $3,199,000. Patriot Financial Group Insurance Agency LLC raised its position in Charles Schwab by 112.0% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 89,498 shares of the financial services provider’s stock worth $8,411,000 after purchasing an additional 47,281 shares during the last quarter. Finally, Private Wealth Partners LLC lifted its holdings in Charles Schwab by 91.9% during the 1st quarter. Private Wealth Partners LLC now owns 204,248 shares of the financial services provider’s stock worth $19,195,000 after buying an additional 97,829 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Key Charles Schwab News

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

Insiders Place Their Bets

In related news, Director Paula Sneed sold 5,263 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $107.15, for a total transaction of $563,930.45. Following the sale, the director owned 91,711 shares of the company’s stock, valued at approximately $9,826,833.65. This trade represents a 5.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jonathan Beatty sold 1,000 shares of Charles Schwab stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $111.33, for a total value of $111,330.00. Following the transaction, the insider owned 10,738 shares in the company, valued at approximately $1,195,461.54. This represents a 8.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 645,582 shares of company stock worth $69,553,935 over the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Trading Down 3.4%

Shares of Charles Schwab stock traded down $3.29 on Thursday, hitting $93.51. 10,089,143 shares of the company’s stock traded hands, compared to its average volume of 10,020,594. The firm’s 50-day moving average price is $105.07 and its two-hundred day moving average price is $98.18. 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 stock has a market capitalization of $161.70 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 0.81 and a beta of 0.79. The Charles Schwab Corporation has a one year low of $83.96 and a one year high of $114.53.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Thursday, October 15th. The financial services provider reported $1.69 earnings per share 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%. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period last year, the firm earned $1.31 EPS. On average, research analysts expect that The Charles Schwab Corporation will post 6.46 EPS for the current fiscal year.

Charles Schwab Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have commented on SCHW shares. Piper Sandler decreased their price objective on Charles Schwab from $118.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Charles Schwab in a research report on Wednesday, July 22nd. BMO Capital Markets lowered Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 price target on the stock. in a research note on Monday, July 20th. TD Cowen upped their price target on Charles Schwab from $128.00 to $129.00 and gave the company a “buy” rating in a research note on Monday. Finally, Truist Financial decreased their price target on Charles Schwab from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.