The Charles Schwab Corporation $SCHW Stock Position Lowered by Vestor Capital LLC

Vestor Capital LLC trimmed its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 93.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AlphaCore Capital LLC raised its position in shares of Charles Schwab by 95.3% during the 3rd quarter. AlphaCore Capital LLC now owns 12,605 shares of the financial services provider’s stock worth $1,232,000 after purchasing an additional 6,151 shares during the last quarter. Fulcrum Asset Management LLP purchased a new position in shares of Charles Schwab during the 3rd quarter worth $190,000. Allspring Global Investments Holdings LLC boosted its holdings in Charles Schwab by 5.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 649,548 shares of the financial services provider’s stock valued at $63,896,000 after purchasing an additional 32,395 shares during the last quarter. Bryn Mawr Trust Advisors LLC lifted its holdings in Charles Schwab by 3.2% in the third quarter. Bryn Mawr Trust Advisors LLC now owns 6,699 shares of the financial services provider’s stock valued at $655,000 after acquiring an additional 209 shares during the last quarter. Finally, Hohimer Wealth Management LLC grew its holdings in shares of Charles Schwab by 1.9% during the 3rd quarter. Hohimer Wealth Management LLC now owns 12,378 shares of the financial services provider’s stock worth $1,210,000 after purchasing an additional 225 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Key Charles Schwab News

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 Price Performance

Shares of NYSE SCHW opened at $93.18 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.66 and a quick ratio of 0.64. The company has a market cap of $161.14 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 0.82 and a beta of 0.77. The stock’s 50-day moving average is $97.82 and its two-hundred day moving average is $97.29. The Charles Schwab Corporation has a 1-year low of $83.96 and a 1-year high of $114.53.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Thursday, October 15th. The financial services provider reported $1.69 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $7.18 billion. During the same period in the previous year, the company posted $1.31 earnings per share. The business’s revenue for the quarter was up 16.9% on a year-over-year basis. Analysts forecast that The Charles Schwab Corporation will post 6.41 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. Charles Schwab’s dividend payout ratio is currently 21.84%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Truist Financial set a $115.00 price objective on Charles Schwab in a research note on Friday, October 16th. JPMorgan Chase & Co. dropped their target price on Charles Schwab from $150.00 to $147.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. Morgan Stanley cut their price target on shares of Charles Schwab from $141.00 to $132.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 21st. Zacks Research cut shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Finally, Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a research report on Friday, October 16th. Eighteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Charles Schwab has an average rating of “Moderate Buy” and an average target price of $119.91.

Insider Activity

In other news, insider Dennis Howard sold 2,198 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $110.00, for a total transaction of $241,780.00. Following the completion of the transaction, the insider directly owned 6,980 shares of the company’s stock, valued at approximately $767,800. This represents a 23.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Walter W. Bettinger sold 74,388 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $110.91, for a total value of $8,250,373.08. Following the completion of the transaction, the chairman owned 610,360 shares in the company, valued at approximately $67,695,027.60. The trade was a 10.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 253,796 shares of company stock worth $28,601,556. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab 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.