GRIMES & Co WEALTH MANAGEMENT LLC Purchases 37,519 Shares of The Charles Schwab Corporation $SCHW

GRIMES & Co WEALTH MANAGEMENT LLC increased its position in The Charles Schwab Corporation (NYSE:SCHW) by 33.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,258 shares of the financial services provider’s stock after buying an additional 37,519 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Charles Schwab were worth $14,686,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SCHW. Compass Financial Management LLC bought a new position in shares of Charles Schwab during the 2nd quarter valued at about $27,000. Scarborough Advisors LLC purchased a new position in shares of Charles Schwab during the first quarter valued at $29,000. Main Street Group LTD purchased a new stake in shares of Charles Schwab in the first quarter worth approximately $33,000. Mascoma Wealth Management LLC lifted its position in Charles Schwab by 71.6% in the 3rd quarter. Mascoma Wealth Management LLC now owns 374 shares of the financial services provider’s stock worth $37,000 after buying an additional 156 shares in the last quarter. Finally, GK Wealth Management LLC purchased a new position in Charles Schwab in the third quarter valued at about $41,000. Institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Jefferies Financial Group set a $120.00 price objective on shares of Charles Schwab in a research report on Friday, October 16th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $111.00 target price (up from $109.00) on shares of Charles Schwab in a research report on Friday, October 16th. Bank of America increased their price target 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. Zacks Research lowered shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Finally, Wells Fargo & Company cut their price target on shares of Charles Schwab from $105.00 to $103.00 and set an “equal weight” rating on the stock in a report 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $119.91.

Charles Schwab Stock Up 0.7%

SCHW opened at $88.70 on Tuesday. The Charles Schwab Corporation has a 1-year low of $83.96 and a 1-year high of $114.53. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $153.39 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 0.79 and a beta of 0.79. The business has a 50 day moving average of $100.05 and a 200-day moving average of $97.60.

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 net margin of 39.33% and a return on equity of 25.79%. The business had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $7.18 billion. During the same quarter last year, the company posted $1.31 earnings per share. Charles Schwab’s quarterly 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 business also recently disclosed 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 annualized dividend and a dividend yield of 1.4%. Charles Schwab’s payout ratio is presently 21.84%.

Insider Buying and Selling at Charles Schwab

In related news, Director Paula A. Sneed sold 5,263 shares of Charles Schwab stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $107.15, for a total transaction 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 trade represents a 5.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 1,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $111.33, for a total value of $111,330.00. Following the transaction, the insider owned 10,738 shares in the company, valued at $1,195,461.54. This represents a 8.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 285,734 shares of company stock valued at $32,073,309 in the last three months. Company insiders own 6.30% of the company’s stock.

Key Headlines Impacting Charles Schwab

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

• Positive Sentiment: A recent analysis described SCHW as potentially undervalued based on its returns, supporting the view that the stock’s pullback may offer an attractive entry point for long-term investors. Charles Schwab Stock Could Be a Bargain Based on Returns
• Positive Sentiment: Charles Schwab’s fourth-quarter retail sentiment report highlighted substantial scale, including $13.33 trillion in client assets, 48.6 million accounts and 10.7 million average daily trades in the third quarter. Continued confidence among clients in achieving their financial goals could help support asset gathering despite weaker market sentiment. Schwab Q4 Retail Client Sentiment Report
• Positive Sentiment: The Charles Schwab Cup Championship will move to Papago Golf Club in 2027. The sponsorship and tournament exposure provide ongoing brand visibility, though the financial effect on SCHW is likely modest relative to brokerage and banking results. Charles Schwab Cup Championship Moves to Papago Golf Club
• Neutral Sentiment: Reports on the 36-player Charles Schwab Cup Championship field, including Bernhard Langer’s absence and Darren Fichardt’s qualification, are primarily sponsorship and brand news rather than material earnings catalysts. Charles Schwab Cup Championship Field Set
• Neutral Sentiment: Reports that JPMorgan Chase and Charles Schwab are restricting personal artificial-intelligence agents reflect increased cybersecurity and compliance controls. The measures may reduce operational risk but could also limit some automation benefits. JPMorgan Chase and Charles Schwab Restrict Personal AI Agents
• Negative Sentiment: Retail investors turned net bearish on the U.S. stock market in the latest quarter. A more defensive client base could weigh on equity trading activity and transaction-related revenue, although high confidence in long-term financial goals provides an offset. Schwab Retail Client Sentiment Report
• Negative Sentiment: Ten-year Treasury yields above 5% could intensify competition for customer cash and deposits. Higher rates may benefit Schwab’s interest income, but they can also pressure client cash balances and net interest margins. 10-Year Treasury Yields Top 5 Percent

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.