43,874 The Charles Schwab Corporation $SCHW Shares Sold by Vestor Capital LLC

Vestor Capital LLC reduced its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 93.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,318 shares of the financial services provider’s stock after selling 43,874 shares during the quarter. Vestor Capital LLC’s holdings in Charles Schwab were worth $324,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHW. Bank of New York Mellon Corp increased its position in 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 worth $1,518,913,000 after buying an additional 3,009,884 shares during the period. Bank of America Corp DE raised its position in Charles Schwab by 3.5% during the 1st quarter. Bank of America Corp DE now owns 15,623,030 shares of the financial services provider’s stock worth $1,468,252,000 after buying an additional 530,191 shares during the last quarter. Flossbach Von Storch SE acquired a new stake in Charles Schwab in the second quarter valued at about $987,930,000. Dimensional Fund Advisors LP lifted its holdings in shares of Charles Schwab by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,742,934 shares of the financial services provider’s stock valued at $539,705,000 after buying an additional 60,979 shares during the period. Finally, Provident Trust Co. boosted its position in shares of Charles Schwab by 0.4% during the 2nd quarter. Provident Trust Co. now owns 3,716,441 shares of the financial services provider’s stock worth $342,916,000 after purchasing an additional 13,616 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Charles Schwab

In related news, insider Jonathan S. Beatty sold 1,000 shares of the company’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 transaction of $111,330.00. Following the transaction, the insider owned 10,738 shares of the company’s stock, valued at approximately $1,195,461.54. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Walter W. Bettinger sold 74,388 shares of Charles Schwab stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $110.91, for a total transaction of $8,250,373.08. Following the completion of the sale, the chairman directly owned 610,360 shares of the company’s stock, valued at $67,695,027.60. The trade was a 10.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 253,796 shares of company stock worth $28,601,556 over the last ninety days. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab News Summary

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

• Positive Sentiment: Schwab Crypto added Solana, Avalanche and Chainlink for eligible U.S. investors, expanding its lineup beyond Bitcoin and Ether. The broader selection may help Schwab compete for crypto-trading activity and deepen relationships with its large brokerage customer base; the offering is limited to eligible clients. Schwab Crypto Adds Chainlink, Solana and Avalanche for Eligible US Investors
• Positive Sentiment: Schwab lowered account minimums for clients seeking IPO shares. Easier access could make the service available to more investors and support account acquisition or engagement. Charles Schwab Lowers Account Minimums to Request IPO Shares
• Neutral Sentiment: Schwab’s Trading Activity Index rose to 61.94 in October from 58.92 in September, indicating increased retail-investor activity. This may support trading-related revenue, but the index alone does not show how much activity translated into Schwab’s results. Schwab Trading Activity Index: STAX Score Rises in October Despite AI Selloff

Charles Schwab Stock Up 0.5%

Shares of NYSE:SCHW opened at $93.18 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.66 and a debt-to-equity ratio of 0.53. The Charles Schwab Corporation has a 52-week low of $83.96 and a 52-week high of $114.53. The stock’s fifty day simple moving average is $97.82 and its 200-day simple moving average is $97.29. The company has a market capitalization of $161.14 billion, a P/E ratio of 15.90, a P/E/G ratio of 0.82 and a beta of 0.77.

Charles Schwab (NYSE:SCHW) last posted 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 return on equity of 25.46% and a net margin of 39.33%. The business had revenue of $7.17 billion for the quarter, compared to analyst estimates of $7.18 billion. During the same quarter last year, the company earned $1.31 earnings per share. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. As a group, equities research analysts forecast that The Charles Schwab Corporation will post 6.41 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be issued 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 payout ratio is 21.84%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SCHW shares. Zacks Research downgraded Charles Schwab from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. JPMorgan Chase & Co. lowered their price objective on shares of Charles Schwab from $150.00 to $147.00 and set an “overweight” rating on the stock in a research note on Friday, October 16th. Morgan Stanley reduced their price target on shares of Charles Schwab from $141.00 to $132.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. Raymond James Financial reiterated an “outperform” rating and issued a $145.00 price target (up from $137.00) on shares of Charles Schwab in a research report on Thursday, October 15th. Finally, Jefferies Financial Group set a $120.00 price objective 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Charles Schwab currently has a consensus rating of “Moderate Buy” and an average target price of $119.91.

Charles Schwab Company Profile

The Charles Schwab Corporation is a financial services company that provides brokerage, banking, wealth management, and investment services. Its offerings include brokerage accounts, trading and research tools, retirement products, banking services, and investment advice for individuals, as well as services for independent financial advisors, employers, and institutions. Founded in 1971 by Charles R. Schwab, the company helped popularize discount brokerage services. It expanded its brokerage business with the 2020 acquisition of TD Ameritrade, whose trading platform and services became part of Schwab.