UNIVEST FINANCIAL Corp Sells 8,327 Shares of The Charles Schwab Corporation $SCHW

UNIVEST FINANCIAL Corp reduced its position in The Charles Schwab Corporation (NYSE:SCHW) by 6.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 118,699 shares of the financial services provider’s stock after selling 8,327 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Charles Schwab were worth $11,332,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Princeton Global Asset Management LLC bought a new stake in shares of Charles Schwab during the second quarter worth approximately $25,000. RMG Wealth Management LLC bought a new position in Charles Schwab in the 2nd quarter valued at about $27,000. West Branch Capital LLC bought a new position in Charles Schwab in the third quarter valued at approximately $27,000. Hoese & Co LLP raised its holdings in shares of Charles Schwab by 131.6% during the 2nd quarter. Hoese & Co LLP now owns 352 shares of the financial services provider’s stock worth $32,000 after buying an additional 200 shares in the last quarter. Finally, Mid American Wealth Advisory Group Inc. acquired a new position in Charles Schwab during the second quarter worth about $32,000. 84.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Jonathan S. Beatty sold 3,072 shares of Charles Schwab stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $98.00, for a total transaction of $301,056.00. Following the sale, the insider directly owned 11,923 shares in the company, valued at $1,168,454. The trade was a 20.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Trading Up 2.2%

Shares of Charles Schwab stock opened at $104.07 on Friday. The company has a market capitalization of $184.93 billion, a P/E ratio of 22.33, a price-to-earnings-growth ratio of 0.69 and a beta of 0.94. The stock has a fifty day simple moving average of $97.68 and a 200 day simple moving average of $95.81. The Charles Schwab Corporation has a 12-month low of $65.88 and a 12-month high of $105.81. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.47.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. Charles Schwab had a net margin of 37.01% and a return on equity of 22.07%. The firm had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the previous year, the firm earned $1.01 EPS. The business’s revenue for the quarter 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. On average, sell-side analysts anticipate that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SCHW. BMO Capital Markets initiated coverage on Charles Schwab in a research note on Friday, October 3rd. They issued an “outperform” rating and a $110.00 price target for the company. Piper Sandler upped their price objective on shares of Charles Schwab from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. JPMorgan Chase & Co. boosted their price target on Charles Schwab from $119.00 to $121.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 target price on shares of Charles Schwab in a research report on Friday, October 17th. Finally, Barclays upped their price target on Charles Schwab from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Charles Schwab has an average rating of “Moderate Buy” and an average price target of $115.60.

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.