Artemis Investment Management LLP Acquires New Holdings in The Charles Schwab Corporation $SCHW

Key Points

• Artemis Investment Management acquired 133,684 Charles Schwab shares worth approximately $13.1 million in the third quarter. Institutional investors and hedge funds collectively own 84.38% of SCHW.
• Analysts maintain a generally positive view, with 17 of 22 covering analysts rating the stock Buy or Strong Buy. The consensus rating is “Moderate Buy,” with an average price target of $118.05.
• Charles Schwab reported quarterly EPS of $1.62, beating estimates by $0.06, while revenue rose 20.9% year over year to $7.07 billion. The company also maintains a quarterly dividend of $0.32 per share, equal to a 1.3% annualized yield.

Artemis Investment Management LLP purchased a new stake in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 133,684 shares of the financial services provider's stock, valued at approximately $13,066,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Flossbach Von Storch SE bought a new position in Charles Schwab during the second quarter valued at about $987,930,000. Bank of New York Mellon Corp boosted its stake in shares of Charles Schwab by 22.9% during the 1st quarter. Bank of New York Mellon Corp now owns 16,162,082 shares of the financial services provider's stock worth $1,518,913,000 after acquiring an additional 3,009,884 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Charles Schwab by 716.5% during the 4th quarter. Focus Partners Wealth now owns 2,101,463 shares of the financial services provider's stock worth $209,948,000 after acquiring an additional 1,844,095 shares in the last quarter. Danske Bank A S acquired a new position in shares of Charles Schwab during the 2nd quarter valued at about $145,950,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of Charles Schwab during the 1st quarter valued at about $129,140,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Analyst Ratings Changes

SCHW has been the subject of several recent analyst reports. Raymond James Financial reaffirmed an "outperform" rating and set a $145.00 price objective on shares of Charles Schwab in a report on Wednesday, July 22nd. Wolfe Research reiterated an "outperform" rating and issued a $127.00 target price on shares of Charles Schwab in a report on Tuesday, July 21st. Weiss Ratings raised shares of Charles Schwab from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, September 10th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Charles Schwab in a report on Wednesday, July 22nd. Finally, Barclays lowered their price target on Charles Schwab from $125.00 to $118.00 and set an "overweight" rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $118.05.

Insider Transactions at Charles Schwab

In other news, insider Nigel J. Murtagh sold 32,947 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the insider directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula A. Sneed sold 5,263 shares of Charles Schwab stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $107.15, for a total transaction of $563,930.45. Following the completion of the sale, the director owned 91,711 shares in the company, valued at $9,826,833.65. This trade represents a 5.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 645,582 shares of company stock worth $69,553,935. Company insiders own 6.30% of the company's stock.

Charles Schwab News Summary

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

• Positive Sentiment: Schwab agreed to sell Forge Trust and its parent to Alto, allowing Alto to combine Forge’s alternative-asset custody capabilities with its self-directed retirement-account technology. The transaction could streamline Schwab’s private-market strategy while preserving broader exposure through its relationship with Forge Global. Charles Schwab Parts With Forge Trust in Private Markets Retirement Push
• Positive Sentiment: Schwab commentary and survey data point to growing demand for cryptocurrency investing: 64% of surveyed millennial crypto owners reportedly plan to increase their purchases. Rising crypto participation could support trading activity, client engagement and future asset growth. Charles Schwab Survey on Millennials and Crypto
• Positive Sentiment: Schwab is highlighting international equities and broader market participation rather than concentrated exposure to a handful of U.S. winners. That positioning may encourage diversified investing and increase demand for Schwab’s brokerage and investment products. Schwab Flags the Risk in Skipping Foreign Stocks
• Neutral Sentiment: Investors are preparing for Schwab’s upcoming earnings report. Analysts expect earnings growth, but the company reportedly lacks the combination of estimate revisions and other indicators typically associated with a likely earnings beat, making the release a key near-term catalyst. Charles Schwab Earnings Expected to Grow
• Neutral Sentiment: Articles reviewing Schwab’s fees, certificates of deposit, safety and investing tools provide consumer visibility but do not introduce a material change to the company’s fundamentals. Charles Schwab Review

Charles Schwab Price Performance

Charles Schwab stock opened at $96.85 on Friday. The business has a 50 day simple moving average of $105.85 and a 200 day simple moving average of $98.13. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $167.48 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 0.81 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 announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.06. The firm had revenue of $7.07 billion during the quarter, compared to analysts' expectations of $6.90 billion. Charles Schwab had a return on equity of 24.53% and a net margin of 38.79%.The company's quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.14 EPS. On average, sell-side analysts forecast that The Charles Schwab Corporation will post 6.46 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.3%. Charles Schwab's dividend payout ratio is presently 23.27%.

About Charles Schwab

Charles Schwab Corporation NYSE: SCHW is a financial services company that provides brokerage, investment, banking and wealth management services to individual investors, employers, institutions and independent investment advisors. Its offerings include online and mobile trading, securities brokerage, retirement accounts, financial planning, portfolio management, banking products, research and access to mutual funds and exchange-traded funds.

The company operates through businesses including Schwab Brokerage, Schwab Wealth Advisory, Schwab Asset Management and Charles Schwab Bank.

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