The Charles Schwab Corporation $SCHW Shares Newly Purchased by Montrusco Bolton Investments Inc.

Key Points

• Montrusco Bolton Investments purchased 695,062 Charles Schwab shares worth approximately $67.9 million, making SCHW about 1.1% of its portfolio and its 29th-largest holding.
• Institutional investors own 84.38% of Schwab, with several major firms—including Invesco, Bank of New York Mellon and Janus Henderson—also increasing their positions.
• Schwab recently exceeded earnings and revenue expectations, reporting $1.62 in EPS and $7.07 billion in revenue, while maintaining a quarterly dividend of $0.32 per share. Analysts have a consensus “Moderate Buy” rating and a $119 price target.

Montrusco Bolton Investments Inc. purchased a new position in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 695,062 shares of the financial services provider's stock, valued at approximately $67,935,000. Charles Schwab comprises approximately 1.1% of Montrusco Bolton Investments Inc.'s investment portfolio, making the stock its 29th largest holding.

Several other large investors have also modified their holdings of SCHW. Invesco Ltd. raised its stake in Charles Schwab by 3.0% during the fourth quarter. Invesco Ltd. now owns 16,425,579 shares of the financial services provider's stock valued at $1,641,080,000 after buying an additional 484,558 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Charles Schwab by 22.9% in 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. Bank of America Corp DE grew its position in shares of Charles Schwab by 3.5% in the 1st quarter. Bank of America Corp DE now owns 15,623,030 shares of the financial services provider's stock worth $1,468,252,000 after acquiring an additional 530,191 shares in the last quarter. Flossbach Von Storch SE acquired a new position in shares of Charles Schwab in the 2nd quarter worth approximately $987,930,000. Finally, Janus Henderson Group PLC increased its holdings in shares of Charles Schwab by 17.9% in the 4th quarter. Janus Henderson Group PLC now owns 6,862,590 shares of the financial services provider's stock valued at $685,645,000 after acquiring an additional 1,040,041 shares during the last quarter. Institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Performance

NYSE:SCHW traded down $0.99 during midday trading on Tuesday, reaching $96.06. 6,859,622 shares of the company traded hands, compared to its average volume of 10,006,228. The Charles Schwab Corporation has a twelve month low of $83.96 and a twelve month high of $114.53. The firm has a market capitalization of $166.13 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 0.82 and a beta of 0.79. 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 fifty day moving average price of $105.50 and a 200 day moving average price of $98.15.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results 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. Charles Schwab had a return on equity of 24.53% and a net margin of 38.79%. The firm had revenue of $7.07 billion for the quarter, compared to analyst estimates of $6.90 billion. During the same period last year, the company earned $1.14 earnings per share. The firm's revenue for the quarter was up 20.9% on a year-over-year basis. On average, analysts expect that The Charles Schwab Corporation will post 6.46 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $0.32 per share. The ex-dividend date was Friday, August 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.3%. Charles Schwab's dividend payout ratio is currently 23.27%.

More Charles Schwab News

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

• Positive Sentiment: Truist Financial maintained a buy rating while lowering its price target to $125 from $130, still implying approximately 30% upside from recent levels. Benzinga report
• Positive Sentiment: Deutsche Bank raised its price target to $130 from $125, signaling continued confidence in Schwab’s earnings and growth outlook. Deutsche Bank adjusts price target
• Positive Sentiment: Preview coverage ahead of Thursday’s earnings report points to healthy trading activity, higher net interest revenue and stronger asset-management fees—two important revenue drivers that could support results and potentially lift the shares. Charles Schwab earnings preview
• Positive Sentiment: Erste Group Bank increased its fiscal 2027 EPS forecast to $7.96 from $7.85, above the current-year consensus estimate of $6.46, reinforcing expectations for continued earnings growth.
• Neutral Sentiment: Evercore initiated coverage with an in-line/hold rating and a $107 price target. The target is above recent trading levels, but the rating indicates limited conviction in near-term outperformance. Evercore initiates coverage
• Negative Sentiment: Analysts expect rising expenses to offset some benefits from robust trading, higher net interest revenue and increased fees in the third quarter, creating a risk to earnings quality. Zacks Q3 earnings preview

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Morgan Stanley upped their price target on Charles Schwab from $136.00 to $141.00 and gave the company an "overweight" rating in a research report on Friday. Bank of America lifted their price objective on shares of Charles Schwab from $91.00 to $95.00 and gave the stock an "underperform" rating in a report on Monday, October 5th. Wells Fargo & Company initiated coverage on shares of Charles Schwab in a report on Friday, October 2nd. They issued an "equal weight" rating and a $105.00 price objective for the company. TD Cowen boosted their target price on shares of Charles Schwab from $128.00 to $129.00 and gave the company a "buy" rating in a research note on Monday. Finally, Raymond James Financial reissued an "outperform" rating and set a $145.00 target price on shares of Charles Schwab in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $119.00.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab 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 completion of the transaction, the insider directly owned 57,972 shares of the company's stock, valued at $6,029,667.72. The trade was a 36.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dennis Howard sold 28,000 shares of the company's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $105.01, for a total transaction of $2,940,280.00. Following the completion of the transaction, the insider owned 10,470 shares of the company's stock, valued at approximately $1,099,454.70. This trade represents a 72.78% 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. In the last ninety days, insiders have sold 645,582 shares of company stock valued at $69,553,935. Corporate insiders own 6.30% of the company's stock.

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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