Wedmont Private Capital Buys 6,684 Shares of The Charles Schwab Corporation $SCHW

Wedmont Private Capital lifted its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 35.7% during the third quarter, Holdings Channel reports. The fund owned 25,429 shares of the financial services provider’s stock after buying an additional 6,684 shares during the quarter. Wedmont Private Capital’s holdings in Charles Schwab were worth $2,463,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SCHW. Flossbach Von Storch SE acquired a new stake in Charles Schwab in the second quarter worth $987,930,000. Bank of New York Mellon Corp raised 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 valued at $1,518,913,000 after purchasing an additional 3,009,884 shares during the period. Focus Partners Wealth boosted its position in shares of Charles Schwab by 716.5% during the 4th quarter. Focus Partners Wealth now owns 2,101,463 shares of the financial services provider’s stock worth $209,948,000 after purchasing an additional 1,844,095 shares in the last quarter. Danske Bank A S bought a new position in shares of Charles Schwab during the 2nd quarter worth about $145,950,000. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of Charles Schwab during the 1st quarter worth about $129,140,000. 84.38% of the stock is owned by institutional investors.

Trending Headlines about 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

Wall Street Analyst Weigh In

A number of brokerages recently commented on SCHW. Wells Fargo & Company initiated coverage on Charles Schwab in a research report on Friday, October 2nd. They issued an “equal weight” rating and a $105.00 target price for the company. Argus increased their price target on Charles Schwab from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Zacks Research cut Charles Schwab from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. 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. Finally, BMO Capital Markets lowered Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 target price on the stock. in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have given 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 target price of $118.32.

Charles Schwab Trading Down 0.2%

NYSE:SCHW opened at $96.68 on Friday. 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 one year low of $83.96 and a one year high of $114.53. The company has a market cap of $167.19 billion, a PE ratio of 17.58, a PEG ratio of 0.82 and a beta of 0.79. The firm has a 50-day moving average of $105.68 and a 200-day moving average of $98.12.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.06. The business had revenue of $7.07 billion for the quarter, compared to analysts’ expectations of $6.90 billion. Charles Schwab had a net margin of 38.79% and a return on equity of 24.53%. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 EPS. As a group, equities research analysts expect that The Charles Schwab Corporation will post 6.46 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.3%. Charles Schwab’s dividend payout ratio is 23.27%.

Insider Buying and Selling

In related news, Chairman Walter Bettinger sold 192,488 shares of Charles Schwab stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $103.90, for a total transaction of $19,999,503.20. Following the transaction, the chairman owned 529,346 shares of the company’s stock, valued at $54,999,049.40. The trade was a 26.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nigel Murtagh sold 32,947 shares of the company’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $104.01, for a total value of $3,426,817.47. Following the sale, the insider owned 57,972 shares of the company’s stock, valued at $6,029,667.72. This trade represents a 36.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 645,582 shares of company stock valued at $69,553,935. 6.30% of the stock is currently owned by company insiders.

Charles Schwab Company 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.