The Charles Schwab Corporation $SCHW Shares Acquired by Garrison Bradford & Associates Inc.

Garrison Bradford & Associates Inc. increased its position in The Charles Schwab Corporation (NYSE:SCHW) by 22.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,554 shares of the financial services provider’s stock after purchasing an additional 6,194 shares during the quarter. Charles Schwab makes up about 3.7% of Garrison Bradford & Associates Inc.’s portfolio, making the stock its 11th biggest position. Garrison Bradford & Associates Inc.’s holdings in Charles Schwab were worth $3,280,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other news, Director Paula A. Sneed sold 5,263 shares of the company’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 sale, the director directly owned 91,711 shares of the company’s stock, valued at $9,826,833.65. This represents a 5.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Walter W. Bettinger sold 176,210 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $113.49, for a total transaction of $19,998,072.90. Following the completion of the sale, the chairman owned 610,360 shares in the company, valued at $69,269,756.40. The trade was a 22.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 285,734 shares of company stock worth $32,073,309 in the last quarter. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Performance

Shares of SCHW opened at $88.84 on Thursday. The stock has a 50-day moving average of $101.38 and a two-hundred day moving average of $97.79. The Charles Schwab Corporation has a one year low of $83.96 and a one year high of $114.53. 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 stock has a market cap 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.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Thursday, October 15th. The financial services provider reported $1.69 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $7.17 billion during the quarter, compared to analysts’ expectations of $7.18 billion. During the same period last year, the business posted $1.31 earnings per share. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. As a group, research analysts predict that The Charles Schwab Corporation will post 6.41 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, November 13th. Charles Schwab’s dividend payout ratio is 21.84%.

Analysts Set New Price Targets

Several brokerages have weighed in on SCHW. Citizens Jmp reissued a “market outperform” rating and issued a $120.00 price target on shares of Charles Schwab in a report on Friday, October 16th. Weiss Ratings upgraded shares of Charles Schwab from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 10th. Bank of America upped their price objective on shares of Charles Schwab from $91.00 to $95.00 and gave the company an “underperform” rating in a report on Monday, October 5th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $111.00 price objective (up from $109.00) on shares of Charles Schwab in a research report on Friday, October 16th. Finally, Citigroup reiterated a “market outperform” rating on shares of Charles Schwab in a research note on Friday, October 16th. Eighteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $119.91.

Charles Schwab News Roundup

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

Charles Schwab Company 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.