Sanders Morris Harris LLC Sells 6,000 Shares of The Charles Schwab Corporation $SCHW

Sanders Morris Harris LLC trimmed its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 58.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,250 shares of the financial services provider’s stock after selling 6,000 shares during the quarter. Sanders Morris Harris LLC’s holdings in Charles Schwab were worth $416,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SCHW. Invesco Ltd. grew its position in shares of Charles Schwab by 3.0% in the fourth quarter. Invesco Ltd. now owns 16,425,579 shares of the financial services provider’s stock valued at $1,641,080,000 after purchasing an additional 484,558 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Charles Schwab by 22.9% during the 1st 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 last quarter. Bank of America Corp DE boosted its holdings in Charles Schwab by 3.5% in the 1st quarter. Bank of America Corp DE now owns 15,623,030 shares of the financial services provider’s stock valued at $1,468,252,000 after purchasing an additional 530,191 shares during the period. Flossbach Von Storch SE bought a new stake in Charles Schwab in the 2nd quarter valued at $987,930,000. Finally, Janus Henderson Group PLC increased its holdings in shares of Charles Schwab by 17.9% during the 4th quarter. Janus Henderson Group PLC now owns 6,862,590 shares of the financial services provider’s stock worth $685,645,000 after purchasing an additional 1,040,041 shares during the period. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan Beatty sold 1,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was 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 in the company, valued at approximately $1,195,461.54. This trade represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nigel Murtagh sold 24,778 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $109.01, for a total transaction of $2,701,049.78. Following the transaction, the insider owned 57,972 shares in the company, valued at approximately $6,319,527.72. The trade was a 29.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 645,582 shares of company stock worth $69,553,935 in the last ninety days. Insiders own 6.30% of the company’s stock.

Charles Schwab Stock Performance

SCHW opened at $96.97 on Thursday. The business’s 50-day moving average price is $105.07 and its two-hundred day moving average price is $98.18. The Charles Schwab Corporation has a 1 year low of $83.96 and a 1 year high of $114.53. The company has a market capitalization of $167.69 billion, a price-to-earnings ratio of 17.63, a P/E/G ratio of 0.81 and a beta of 0.79. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.64 and a quick ratio of 0.64.

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

Charles Schwab Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SCHW. Truist Financial reduced their price objective on Charles Schwab from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday. Zacks Research downgraded Charles Schwab from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Raymond James Financial reaffirmed an “outperform” rating and issued a $145.00 target price on shares of Charles Schwab in a report on Wednesday, July 22nd. Citigroup reiterated a “market outperform” rating on shares of Charles Schwab in a research report on Wednesday, July 22nd. Finally, Piper Sandler cut their price target on Charles Schwab from $118.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $119.00.

Key Stories Impacting Charles Schwab

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

• Positive Sentiment: Expectations for an earnings beat and continued strength in asset gathering are the primary positive catalysts. Several reports describe the upcoming results as a potential trigger for further gains, while Erste Group raised its 2027 EPS forecast to $7.96 from $7.85. Charles Schwab’s Next Earnings Report Could Send the Stock Soaring
• Positive Sentiment: Deutsche Bank increased its price target to $130 from $125, indicating continued confidence in SCHW’s upside potential. Truist also maintained a Buy rating despite lowering its target to $125. Deutsche Bank Adjusts Price Target on Charles Schwab
• Neutral Sentiment: Options markets are pricing in a potentially large earnings-related move, signaling elevated volatility but not a specific direction for SCHW. Charles Schwab Could Swing After Earnings
• Neutral Sentiment: Evercore ISI initiated coverage with an In-Line rating, providing a balanced view that tempers some of the bullish earnings enthusiasm. Evercore ISI Initiates Coverage of Charles Schwab
• Negative Sentiment: Truist’s price-target reduction highlights valuation or near-term execution concerns, although the retained Buy rating limits the negative impact. Truist Charles Schwab Price Target Update

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.