22,249 The Charles Schwab Corporation $SCHW Shares Acquired by Birinyi Associates Inc.

Key Points

• Birinyi Associates increased its Charles Schwab stake by 176.5% in the third quarter, buying 22,249 shares to own 34,856 shares valued at approximately $3.4 million. Institutional investors collectively own 84.38% of SCHW.
• Charles Schwab reported quarterly EPS of $1.69, ahead of the $1.66 consensus estimate, while revenue rose 16.9% year over year to $7.17 billion. The company declared a quarterly dividend of $0.32 per share, equating to a 1.5% annual yield.
• Despite a “Moderate Buy” consensus and average analyst price target of $119.91, insiders sold 285,734 shares worth about $32.1 million over the past 90 days, and Evercore ISI recently cut its price target to $98.

Birinyi Associates Inc. grew its holdings in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 176.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,856 shares of the financial services provider's stock after purchasing an additional 22,249 shares during the quarter. Charles Schwab makes up 0.8% of Birinyi Associates Inc.'s portfolio, making the stock its 20th biggest position. Birinyi Associates Inc.'s holdings in Charles Schwab were worth $3,407,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Whittier Trust Co. boosted its position in Charles Schwab by 3.9% in the first quarter. Whittier Trust Co. now owns 384,881 shares of the financial services provider's stock valued at $35,790,000 after buying an additional 14,538 shares during the last quarter. First Citizens Bank & Trust Co. raised its holdings in Charles Schwab by 102.3% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 33,750 shares of the financial services provider's stock worth $3,299,000 after purchasing an additional 17,068 shares during the period. Financial Advisory Partners LLC acquired a new stake in Charles Schwab in the 1st quarter valued at $3,199,000. Private Wealth Partners LLC raised its position in shares of Charles Schwab by 91.9% during the 1st quarter. Private Wealth Partners LLC now owns 204,248 shares of the financial services provider's stock worth $19,195,000 after purchasing an additional 97,829 shares during the last quarter. Finally, Illinois Municipal Retirement Fund increased its position in shares of Charles Schwab by 39.3% during the first quarter. Illinois Municipal Retirement Fund now owns 103,657 shares of the financial services provider's stock worth $9,742,000 after purchasing an additional 29,260 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

More Charles Schwab News

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

• Positive Sentiment: Schwab executives said artificial intelligence is moving from experimentation into practical uses, including operational efficiency, financial planning and new ways to engage clients. The firm is integrating Anthropic’s Claude for Financial Advisors and investing in AI-related partnerships, which could strengthen its competitive position with independent advisors. Schwab Says AI Is Past Experiments
• Positive Sentiment: CEO Rick Wurster outlined plans to expand Schwab’s role in IPO access for retail investors, while the asset-management division is considering additional active fixed-income and dividend ETFs. These initiatives could support customer engagement, asset gathering and fee growth. Schwab CEO Sees a Bigger Role for Retail Investors in IPOs
• Positive Sentiment: Schwab plans to deepen bank-like capabilities for registered investment advisors, potentially helping it attract large wirehouse teams and expand custody relationships. Schwab to Push on Bank Capabilities for RIAs
• Neutral Sentiment: Schwab’s advisor survey showed RIAs are prioritizing new clients and referrals as organic growth becomes more difficult. The findings support demand for Schwab’s platform but also highlight a tougher environment for advisor-driven asset growth. Schwab’s 2026 Independent Advisor Outlook Study
• Negative Sentiment: Evercore ISI lowered its price target to $98 from $104, signaling more cautious expectations even though the revised target remains above recent trading levels. Evercore ISI Adjusts Price Target
• Negative Sentiment: Management and strategists warned that sticky inflation, tariffs, geopolitical risks and uncertainty surrounding the AI trade could keep markets volatile. Schwab is also emphasizing safeguards against unauthorized AI agents, underscoring regulatory and operational risks as adoption accelerates. Schwab CEO Says Firm Is Blocking Rogue AI Agents

Insider Buying and Selling at Charles Schwab

In other news, insider Dennis Howard sold 2,198 shares of the company's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $110.00, for a total transaction of $241,780.00. Following the completion of the transaction, the insider owned 6,980 shares of the company's stock, valued at $767,800. This represents a 23.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nigel J. Murtagh sold 24,778 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $109.01, for a total transaction of $2,701,049.78. Following the transaction, the insider owned 57,972 shares in the company, valued at approximately $6,319,527.72. The trade was a 29.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 285,734 shares of company stock valued at $32,073,309. 6.30% of the stock is owned by corporate insiders.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $88.01 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.64 and a current ratio of 0.64. The business's fifty day moving average price is $100.52 and its two-hundred day moving average price is $97.67. The stock has a market cap of $152.20 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 0.80 and a beta of 0.79. The Charles Schwab Corporation has a one year low of $83.96 and a one year high of $114.53.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Thursday, October 15th. The financial services provider reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.03. The business 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 25.79% and a net margin of 39.33%. The business's revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.31 earnings per share. On average, analysts forecast that The Charles Schwab Corporation will post 6.41 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.28 annualized dividend and a dividend yield of 1.5%. Charles Schwab's dividend payout ratio is presently 21.84%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Rothschild & Co Redburn lifted their price objective on Charles Schwab from $114.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, September 21st. BMO Capital Markets dropped their price target on shares of Charles Schwab from $105.00 to $97.00 and set a "market perform" rating on the stock in a research note on Monday, October 19th. Wolfe Research reissued an "outperform" rating and issued a $127.00 target price (up from $123.00) on shares of Charles Schwab in a report on Tuesday, July 21st. Wells Fargo & Company reduced their target price on shares of Charles Schwab from $105.00 to $103.00 and set an "equal weight" rating for the company in a report on Friday, October 16th. Finally, Argus increased their price target on Charles Schwab from $108.00 to $114.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Eighteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $119.91.

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.

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