Nisa Investment Advisors LLC Acquires 53,929 Shares of The Charles Schwab Corporation $SCHW

Nisa Investment Advisors LLC grew its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 14.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 433,286 shares of the financial services provider’s stock after buying an additional 53,929 shares during the period. Nisa Investment Advisors LLC’s holdings in Charles Schwab were worth $42,349,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Integrated Advisors Network LLC boosted its holdings in Charles Schwab by 8.6% in the third quarter. Integrated Advisors Network LLC now owns 79,967 shares of the financial services provider’s stock valued at $7,816,000 after acquiring an additional 6,330 shares in the last quarter. Capital Management Associates Inc raised its holdings in Charles Schwab by 2.8% in the 3rd quarter. Capital Management Associates Inc now owns 4,429 shares of the financial services provider’s stock worth $433,000 after purchasing an additional 120 shares in the last quarter. Revisor Wealth Management LLC raised its holdings in Charles Schwab by 13.7% in the 3rd quarter. Revisor Wealth Management LLC now owns 12,186 shares of the financial services provider’s stock worth $1,152,000 after purchasing an additional 1,466 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in Charles Schwab by 1.8% in the 3rd quarter. Bank Pictet & Cie Europe AG now owns 21,235 shares of the financial services provider’s stock worth $2,076,000 after purchasing an additional 375 shares in the last quarter. Finally, MBM Wealth Consultants LLC lifted its position in shares of Charles Schwab by 4.6% in the 3rd quarter. MBM Wealth Consultants LLC now owns 22,671 shares of the financial services provider’s stock worth $2,216,000 after purchasing an additional 990 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Charles Schwab

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

• Positive Sentiment: Charles Schwab reportedly delivered record revenue, reinforcing the company’s earnings-growth story. Its latest quarterly results also showed year-over-year revenue growth and an EPS beat, which may support investor confidence. Charles Schwab reports record revenue
• Positive Sentiment: New product activity, including the addition of an international bond ETF, expands Schwab’s investment lineup and could help attract or retain client assets. Charles Schwab Added an International Bond ETF
• Positive Sentiment: Some investment commentary continues to identify SCHW as a preferred financial-sector idea, pointing to its business quality and long-term earnings potential. Schwab: One of My Best Ideas in Financials
• Neutral Sentiment: Schwab and other major banks are restricting outside AI agents from moving money or executing account actions because of fraud, security and liability concerns. The policy limits near-term automation opportunities but may reduce operational and regulatory risks. The Banks Locked Agents Out
• Neutral Sentiment: Plans involving long-short investing products could broaden Schwab’s offerings, though coverage raises questions about competition and how successfully the firm can differentiate the strategy. Schwab’s long-short plans raise questions about competition
• Negative Sentiment: Deutsche Bank, Evercore and BMO Capital Markets all lowered their SCHW price targets. BMO assigned a “market perform” rating, signaling more limited near-term upside despite the revised targets remaining above the current share price. Deutsche Bank cuts target for Charles Schwab

Insider Buying and Selling

In related news, insider Nigel J. Murtagh sold 32,947 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $104.01, for a total transaction of $3,426,817.47. Following the sale, the insider owned 57,972 shares of the company’s stock, valued at $6,029,667.72. The trade was a 36.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Peter J. Morgan III sold 6,952 shares of the company’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $102.03, for a total transaction of $709,312.56. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 639,529 shares of company stock worth $68,923,436 over the last 90 days. Corporate insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $125.00 target price on shares of Charles Schwab and gave the company a “buy” rating in a research note on Friday. Morgan Stanley boosted their price target on shares of Charles Schwab from $136.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, October 9th. UBS Group decreased their price target on shares of Charles Schwab from $113.00 to $109.00 and set a “buy” rating for the company in a research note on Friday. Argus increased their price target on shares of Charles Schwab from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Finally, Citigroup restated a “market outperform” rating on shares of Charles Schwab in a report on Friday. Eighteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Charles Schwab presently has an average rating of “Moderate Buy” and an average target price of $120.59.

Charles Schwab Price Performance

Shares of SCHW stock opened at $90.87 on Wednesday. The business’s fifty day moving average is $103.79 and its 200 day moving average is $98.14. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.52. The stock has a market cap of $157.14 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 0.79 and a beta of 0.79. The Charles Schwab Corporation has a twelve month low of $83.96 and a twelve month 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, beating the consensus estimate of $1.66 by $0.03. The business had revenue of $7.17 billion during the quarter, compared to analyst estimates of $7.18 billion. Charles Schwab had a return on equity of 25.79% and a net margin of 39.33%. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 earnings per share. Research analysts expect that The Charles Schwab Corporation will post 6.43 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, August 14th. Charles Schwab’s dividend payout ratio (DPR) is presently 21.84%.

About Charles Schwab

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.