9,363 The Charles Schwab Corporation $SCHW Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lessened its stake in The Charles Schwab Corporation (NYSE:SCHW) by 0.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,942,699 shares of the financial services provider’s stock after selling 9,363 shares during the period. Fisher Asset Management LLC owned 1.27% of Charles Schwab worth $2,144,680,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Compass Financial Management LLC acquired a new stake in shares of Charles Schwab in the 2nd quarter worth approximately $27,000. Scarborough Advisors LLC bought a new position in shares of Charles Schwab in the first quarter valued at approximately $29,000. Main Street Group LTD bought a new position in shares of Charles Schwab in the first quarter valued at approximately $33,000. Mascoma Wealth Management LLC increased its stake in shares of Charles Schwab by 71.6% during the third quarter. Mascoma Wealth Management LLC now owns 374 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 156 shares during the period. Finally, GK Wealth Management LLC acquired a new position in shares of Charles Schwab during the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Key Headlines Impacting Charles Schwab

Investors following SCHW have been watching these headlines:

• Positive Sentiment: Schwab announced new capabilities across Schwab.com, Schwab Mobile and thinkorswim, including an MCP server to connect clients’ AI platforms with their Schwab accounts. The additions could improve the client experience and help the firm compete for retail investors. Schwab Announces Platform Enhancements Including MCP Server to Connect Clients’ AI Platforms With Their Schwab Accounts
• Positive Sentiment: Schwab is expanding eligible clients’ access to Solana, Avalanche and Chainlink alongside Bitcoin and Ethereum through its existing brokerage accounts. Broader crypto offerings could attract or retain clients, though the article provides no revenue estimates. What Is Charles Schwab (SCHW) Signaling By Adding Solana, Avalanche And Chainlink?
• Neutral Sentiment: Schwab issued $3 billion in senior notes on November 12, including $300 million in floating-rate notes. The announcement did not specify how the proceeds will be used, so the effect on earnings or capital is unclear. Charles Schwab Issues $3 Billion in Senior Notes

Charles Schwab Stock Down 1.2%

SCHW opened at $91.64 on Friday. The Charles Schwab Corporation has a 1-year low of $83.96 and a 1-year high of $114.53. The business has a 50 day moving average of $97.18 and a 200-day moving average of $97.19. The stock has a market capitalization of $158.18 billion, a price-to-earnings ratio of 15.64, a P/E/G ratio of 0.83 and a beta of 0.77. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.69 earnings per share 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 25.46%. The firm had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $7.18 billion. During the same period in the prior year, the firm earned $1.31 EPS. The business’s revenue was up 16.9% on a year-over-year basis. As a group, sell-side analysts anticipate that The Charles Schwab Corporation will post 6.41 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be given 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 currently 21.84%.

Analyst Upgrades and Downgrades

SCHW has been the topic of several recent analyst reports. Barclays dropped their target price on Charles Schwab from $118.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a report on Friday, October 16th. Bank of America lifted their price objective on shares of Charles Schwab from $91.00 to $95.00 and gave the stock an “underperform” rating in a research note on Monday, October 5th. Truist Financial set a $115.00 target price on Charles Schwab in a research report on Friday, October 16th. Finally, Compass Point lifted their price objective on shares of Charles Schwab from $135.00 to $136.00 and gave the stock a “buy” rating in a research report on Tuesday, October 6th. Eighteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.91.

Insider Buying and Selling

In related news, insider Jonathan Beatty sold 1,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $111.33, for a total value of $111,330.00. Following the completion of the transaction, the insider directly 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. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Walter Bettinger sold 74,388 shares of Charles Schwab stock in a transaction 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 sale, the chairman owned 610,360 shares in the company, valued at $67,695,027.60. This represents a 10.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 251,598 shares of company stock worth $28,359,776. 6.30% of the stock is currently owned by company insiders.

About Charles Schwab

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.