313,182 The Charles Schwab Corporation $SCHW Shares Sold by Cooke & Bieler LP

Key Points

• Cooke & Bieler LP cut its Charles Schwab position by 45.7% in the third quarter, selling 313,182 shares and retaining 372,462 shares worth approximately $36.4 million.
• Institutional investors continue to dominate ownership, holding 84.38% of SCHW, although insiders have also sold shares recently, including significant sales by Chairman Walter Bettinger and insider Nigel Murtagh.
• Schwab reported quarterly EPS of $1.69, beating estimates, while revenue rose 16.9% year over year to $7.17 billion. Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $120.18.

Cooke & Bieler LP decreased its position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 45.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 372,462 shares of the financial services provider's stock after selling 313,182 shares during the quarter. Cooke & Bieler LP's holdings in Charles Schwab were worth $36,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in shares of Charles Schwab by 22.9% in the first quarter. Bank of New York Mellon Corp now owns 16,162,082 shares of the financial services provider's stock valued at $1,518,913,000 after purchasing an additional 3,009,884 shares in the last quarter. Bank of America Corp DE raised its stake in Charles Schwab by 3.5% during the first quarter. Bank of America Corp DE now owns 15,623,030 shares of the financial services provider's stock valued at $1,468,252,000 after purchasing an additional 530,191 shares in the last quarter. Flossbach Von Storch SE purchased a new stake in Charles Schwab during the second quarter valued at $987,930,000. Dimensional Fund Advisors LP raised its stake in Charles Schwab by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 5,742,934 shares of the financial services provider's stock valued at $539,705,000 after purchasing an additional 60,979 shares in the last quarter. Finally, Provident Trust Co. lifted its position in Charles Schwab by 0.4% during the second quarter. Provident Trust Co. now owns 3,716,441 shares of the financial services provider's stock valued at $342,916,000 after purchasing an additional 13,616 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Stock Performance

NYSE SCHW opened at $91.65 on Thursday. The company has a market cap of $158.49 billion, a P/E ratio of 15.64, a P/E/G ratio of 0.81 and a beta of 0.79. 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 50 day moving average price is $103.44 and its 200-day moving average price is $98.13. The Charles Schwab Corporation has a fifty-two week low of $83.96 and a fifty-two week high of $114.53.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.03. The company had revenue of $7.17 billion for 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%. Charles Schwab's quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.31 EPS. Sell-side analysts predict that The Charles Schwab Corporation will post 6.42 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. UBS Group dropped their price objective 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, October 16th. Argus boosted their target price on shares of Charles Schwab from $108.00 to $114.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Citizens Jmp restated a "market outperform" rating and set a $120.00 target price on shares of Charles Schwab in a research report on Friday, October 16th. The Goldman Sachs Group restated a "buy" rating and set a $117.00 target price (down from $122.00) on shares of Charles Schwab in a research report on Friday, October 16th. Finally, Deutsche Bank Aktiengesellschaft set a $125.00 price target on shares of Charles Schwab and gave the company a "buy" rating in a report on Friday, October 16th. Eighteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $120.18.

Insider Activity

In other news, Chairman Walter W. Bettinger sold 192,488 shares of the firm's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $103.90, for a total value of $19,999,503.20. Following the completion of the sale, the chairman owned 529,346 shares in the company, valued at approximately $54,999,049.40. This trade represents a 26.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nigel J. Murtagh sold 32,947 shares of the firm's stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $104.01, for a total transaction of $3,426,817.47. Following the completion of the sale, the insider owned 57,972 shares of the company's stock, valued at $6,029,667.72. This trade represents a 36.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 632,577 shares of company stock worth $68,214,123. 6.30% of the stock is currently owned by insiders.

Key Charles Schwab News

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

• Positive Sentiment: Schwab’s record-revenue narrative and recent earnings strength support the bullish case. The company previously reported year-over-year revenue growth, a quarterly EPS beat, and strong profitability, while coverage continues to highlight its scale and valuation. Charles Schwab reports record revenue
• Positive Sentiment: Morgan Stanley reduced its price target from $141 to $132 but maintained an “overweight” rating, still implying significant upside from current levels. The target reduction is a headwind, but the continued bullish rating may reassure investors.
• Positive Sentiment: Schwab Asset Management is promoting a new international bond index and related ETF focused on investment-grade developed-market debt. The product could broaden Schwab’s asset-management offerings and attract additional client assets. Introduction to the Schwab International Bond ETF
• Positive Sentiment: Commentary from Schwab strategist Liz Ann Sonders that market rotation is favoring quality over highly leveraged artificial-intelligence exposure could benefit a diversified, established financial platform such as Schwab. Market rotation favors quality over AI leverage
• Neutral Sentiment: Schwab’s mention in coverage about Avalanche’s institutional and real-world-asset potential may indicate broader digital-asset engagement, but it does not appear to represent a material new revenue catalyst. Charles Schwab and Avalanche
• Neutral Sentiment: Reports on the Charles Schwab Cup golf playoffs and related coverage are primarily sponsorship and brand news, with little direct effect on SCHW’s near-term earnings. 2026 Charles Schwab Cup Playoffs schedule
• Negative Sentiment: BMO issued a pessimistic forecast, adding to pressure from Deutsche Bank’s reduction of its price target to $125. While the targets remain above the current quotation, downward revisions can weigh on sentiment. Deutsche Bank cuts Schwab target
• Negative Sentiment: Schwab and other banks are restricting external AI agents from taking actions in customer accounts because of fraud, liability, and security concerns. The safeguards reduce near-term operational risk but could delay potential automation benefits. Banks restrict AI agents

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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