The Charles Schwab Corporation $SCHW Shares Sold by Parthenon LLC

Parthenon LLC decreased its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 3.5% in the third quarter, HoldingsChannel.com reports. The firm owned 135,888 shares of the financial services provider’s stock after selling 4,917 shares during the quarter. Charles Schwab makes up 1.4% of Parthenon LLC’s holdings, making the stock its 22nd biggest holding. Parthenon LLC’s holdings in Charles Schwab were worth $12,973,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. OneAscent Financial Services LLC purchased a new stake in Charles Schwab in the 3rd quarter worth $206,000. LBP AM SA grew its position in shares of Charles Schwab by 1.3% in the third quarter. LBP AM SA now owns 166,752 shares of the financial services provider’s stock valued at $15,920,000 after purchasing an additional 2,129 shares during the period. Mutual of America Capital Management LLC grew its position in shares of Charles Schwab by 0.3% in the third quarter. Mutual of America Capital Management LLC now owns 196,503 shares of the financial services provider’s stock valued at $18,760,000 after purchasing an additional 628 shares during the period. Liberty Wealth Management LLC purchased a new stake in shares of Charles Schwab during the third quarter worth about $205,000. Finally, Cullen Frost Bankers Inc. raised its position in shares of Charles Schwab by 6.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 11,743 shares of the financial services provider’s stock worth $1,121,000 after purchasing an additional 706 shares during the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Morgan Stanley boosted their price objective on Charles Schwab from $139.00 to $148.00 and gave the stock an “overweight” rating in a research note on Monday, December 22nd. Keefe, Bruyette & Woods raised their price objective on Charles Schwab from $109.00 to $111.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Raymond James Financial reaffirmed an “outperform” rating and set a $114.00 target price on shares of Charles Schwab in a report on Monday, January 5th. TD Cowen raised their price target on shares of Charles Schwab from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Charles Schwab in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Charles Schwab presently has an average rating of “Moderate Buy” and a consensus price target of $115.65.

Charles Schwab Trading Down 1.7%

Shares of Charles Schwab stock opened at $102.24 on Monday. The stock has a 50 day moving average of $97.83 and a 200 day moving average of $95.92. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market capitalization of $181.68 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 0.83 and a beta of 0.94. The Charles Schwab Corporation has a fifty-two week low of $65.88 and a fifty-two week high of $105.81.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. Charles Schwab had a return on equity of 22.07% and a net margin of 37.01%.The business had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $6.19 billion. During the same period in the prior year, the business posted $1.01 EPS. The company’s revenue was up 18.9% compared to the same quarter last year. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, research analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Insiders Place Their Bets

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,000 shares of the company’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the transaction, the insider directly owned 21,768 shares in the company, valued at $2,285,640. This represents a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 7,072 shares of company stock valued at $715,076. 6.30% of the stock is currently owned by company insiders.

Charles Schwab Company Profile

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.