5,930 Shares in The Charles Schwab Corporation $SCHW Bought by Ridgecrest Wealth Partners LLC

Ridgecrest Wealth Partners LLC purchased a new position in The Charles Schwab Corporation (NYSE:SCHW) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,930 shares of the financial services provider’s stock, valued at approximately $580,000.

Several other hedge funds have also recently added to or reduced their stakes in SCHW. USS Investment Management Ltd boosted its stake in shares of Charles Schwab by 4.6% during the 1st quarter. USS Investment Management Ltd now owns 288,035 shares of the financial services provider’s stock worth $27,068,000 after acquiring an additional 12,789 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of 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 acquiring an additional 14,538 shares during the last quarter. Financial Advisory Partners LLC acquired a new stake in shares of Charles Schwab during the first quarter worth $3,199,000. Patriot Financial Group Insurance Agency LLC raised its position in shares of Charles Schwab by 112.0% during the first 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 period. Finally, Private Wealth Partners LLC lifted its holdings in shares of Charles Schwab by 91.9% during the first quarter. Private Wealth Partners LLC now owns 204,248 shares of the financial services provider’s stock valued at $19,195,000 after purchasing an additional 97,829 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Down 2.5%

Shares of NYSE SCHW traded down $2.32 during mid-day trading on Monday, reaching $89.64. The company had a trading volume of 12,503,993 shares, compared to its average volume of 10,096,690. The stock has a fifty day moving average of $104.13 and a two-hundred day moving average of $98.15. 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 market capitalization of $155.01 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 0.81 and a beta of 0.79. The Charles Schwab Corporation has a 12-month low of $83.96 and a 12-month high of $114.53.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Thursday, October 15th. The financial services provider reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. Charles Schwab had a net margin of 39.33% and a return on equity of 25.79%. The firm had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $7.18 billion. During the same period in the previous year, the firm posted $1.31 earnings per share. The firm’s revenue was up 16.9% on a year-over-year basis. As a group, equities research analysts expect that The Charles Schwab Corporation will post 6.44 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend 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 (DPR) is 21.84%.

Insider Activity at Charles Schwab

In other news, insider Dennis Howard sold 2,198 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $110.00, for a total transaction of $241,780.00. Following the transaction, the insider directly owned 6,980 shares in the company, valued at $767,800. The trade was a 23.95% decrease in their position. 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 company’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 completion of the transaction, the director directly owned 91,711 shares in the company, valued at $9,826,833.65. This trade represents a 5.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 645,582 shares of company stock worth $69,553,935. 6.30% of the stock is currently owned by company insiders.

Trending Headlines about Charles Schwab

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

• Positive Sentiment: Schwab recently reported record revenue of approximately $7.17 billion, up 16.9% year over year, while adjusted earnings of $1.69 per share exceeded consensus estimates of $1.66. The results support expectations for continued growth in client assets, trading activity and net interest revenue. Schwab reports record revenue
• Positive Sentiment: Citizens JMP reaffirmed its “market outperform” rating, indicating that the brokerage sees further appreciation potential for SCHW despite recent weakness. Citizens JMP rating
• Positive Sentiment: A bullish Seeking Alpha analysis called Charles Schwab one of its best ideas in financials, highlighting the company’s earnings momentum and long-term positioning. Charles Schwab: One of My Best Ideas in Financials
• Neutral Sentiment: Schwab added an international bond ETF, expanding its investment-product lineup. The move may modestly support asset gathering, but its near-term financial impact is likely limited. Schwab adds an international bond ETF
• Negative Sentiment: Evercore lowered its price target from $107 to $104, while BMO cut its target from $105 to $97 and assigned a “market perform” rating. JPMorgan also reduced its target. The revisions signal more cautious near-term expectations, even though the new targets remain above the recent share price. Evercore price-target change JPMorgan price-target change
• Negative Sentiment: CEO Rick Wurster remains skeptical of autonomous AI agents trading stocks, and Schwab has restricted third-party agents over security and liability concerns. The stance limits near-term AI monetization potential, although it may reduce operational and compliance risks. Schwab CEO discusses AI trading agents

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Morgan Stanley increased their price target on Charles Schwab from $136.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, October 9th. Rothschild & Co Redburn boosted their target price on shares of Charles Schwab from $114.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 21st. Wolfe Research restated an “outperform” rating and issued a $127.00 target price (up from $123.00) on shares of Charles Schwab in a report on Tuesday, July 21st. Citigroup restated a “market outperform” rating on shares of Charles Schwab in a report on Friday. Finally, Bank of America raised their target price on Charles Schwab from $91.00 to $95.00 and gave the stock an “underperform” rating in a research report on Monday, October 5th. Eighteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $120.82.

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.