PBU The Pension Fund of Early Childhood & Youth Educators Sells 183,914 Shares of The Charles Schwab Corporation $SCHW

PBU The Pension Fund of Early Childhood & Youth Educators lessened its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 44.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 227,238 shares of the financial services provider’s stock after selling 183,914 shares during the period. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in Charles Schwab were worth $22,210,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SCHW. Compass Financial Management LLC acquired a new position in shares of Charles Schwab in the second quarter worth about $27,000. Scarborough Advisors LLC purchased a new position in shares of Charles Schwab in the first quarter worth approximately $29,000. Main Street Group LTD acquired a new stake in shares of Charles Schwab during the first quarter valued at approximately $33,000. Mascoma Wealth Management LLC raised its holdings in shares of Charles Schwab by 71.6% during the third quarter. Mascoma Wealth Management LLC now owns 374 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 156 shares during the period. Finally, GK Wealth Management LLC acquired a new stake in shares of Charles Schwab during the third quarter valued at approximately $41,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Trading Down 1.2%

NYSE:SCHW opened at $91.64 on Friday. 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 Charles Schwab Corporation has a fifty-two week low of $83.96 and a fifty-two week high of $114.53. The stock’s 50-day moving average is $97.18 and its two-hundred day moving average is $97.19. The stock has a market cap of $158.18 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 0.83 and a beta of 0.77.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, October 15th. The financial services provider reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. The company had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $7.18 billion. Charles Schwab had a return on equity of 25.46% and a net margin of 39.33%. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.31 EPS. As a group, equities research analysts forecast that The Charles Schwab Corporation will post 6.41 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

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

Insider Buying and Selling

In other Charles Schwab news, Chairman Walter Bettinger sold 176,210 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $113.49, for a total value of $19,998,072.90. Following the transaction, the chairman owned 610,360 shares in the company, valued at approximately $69,269,756.40. This represents a 22.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan Beatty sold 1,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $111.33, for a total transaction of $111,330.00. Following the completion of the sale, the insider owned 10,738 shares of the company’s stock, valued at approximately $1,195,461.54. The trade was a 8.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 251,598 shares of company stock worth $28,359,776 over the last ninety days. 6.30% of the stock is currently owned by insiders.

Charles Schwab News Roundup

These are some of the SCHW news items that stood out recently:

• Positive Sentiment: Schwab announced new capabilities across Schwab.com, Schwab Mobile and thinkorswim, including an MCP server to connect clients’ AI platforms with their Schwab accounts. The additions could improve the client experience and help the firm compete for retail investors. Schwab Announces Platform Enhancements Including MCP Server to Connect Clients’ AI Platforms With Their Schwab Accounts
• Positive Sentiment: Schwab is expanding eligible clients’ access to Solana, Avalanche and Chainlink alongside Bitcoin and Ethereum through its existing brokerage accounts. Broader crypto offerings could attract or retain clients, though the article provides no revenue estimates. What Is Charles Schwab (SCHW) Signaling By Adding Solana, Avalanche And Chainlink?
• Neutral Sentiment: Schwab issued $3 billion in senior notes on November 12, including $300 million in floating-rate notes. The announcement did not specify how the proceeds will be used, so the effect on earnings or capital is unclear. Charles Schwab Issues $3 Billion in Senior Notes

Wall Street Analyst Weigh In

SCHW has been the subject of several research analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $117.00 price target (down from $122.00) on shares of Charles Schwab in a research report on Friday, October 16th. Piper Sandler lowered their price objective on shares of Charles Schwab from $118.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, October 2nd. Wolfe Research reissued an “outperform” rating and set a $127.00 target price (up from $123.00) on shares of Charles Schwab in a research note on Tuesday, July 21st. BMO Capital Markets reduced their target price on Charles Schwab from $105.00 to $97.00 and set a “market perform” rating for the company in a report on Monday, October 19th. Finally, Jefferies Financial Group set a $120.00 target price on Charles Schwab in a report on Friday, October 16th. Eighteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.91.

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.