The Charles Schwab Corporation $SCHW Stake Raised by GRIMES & Co WEALTH MANAGEMENT LLC

Key Points

• GRIMES & Co Wealth Management increased its Charles Schwab stake by 33.3% in the third quarter, acquiring 37,519 additional shares for a total holding of 150,258 shares valued at approximately $14.7 million.
• Institutional investors and hedge funds own 84.38% of SCHW, while recent insider activity has been largely negative, with insiders selling 285,734 shares worth about $32.1 million over the past 90 days.
• Charles Schwab reported quarterly EPS of $1.69, beating estimates, while revenue rose 16.9% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $119.91, and the company declared a quarterly dividend of $0.32 per share.

GRIMES & Co WEALTH MANAGEMENT LLC raised its holdings in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 33.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,258 shares of the financial services provider's stock after buying an additional 37,519 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC's holdings in Charles Schwab were worth $14,686,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Peoples Bank KS boosted its holdings in Charles Schwab by 2.7% in the second quarter. Peoples Bank KS now owns 4,331 shares of the financial services provider's stock valued at $400,000 after acquiring an additional 113 shares during the last quarter. Crumly & Associates Inc. increased its stake in Charles Schwab by 1.1% during the second quarter. Crumly & Associates Inc. now owns 10,479 shares of the financial services provider's stock worth $967,000 after acquiring an additional 115 shares during the last quarter. Cypress Capital Group raised its holdings in shares of Charles Schwab by 4.2% in the 1st quarter. Cypress Capital Group now owns 2,945 shares of the financial services provider's stock worth $277,000 after purchasing an additional 118 shares during the period. Capital Management Associates Inc raised its holdings in Charles Schwab by 2.8% in the third quarter. Capital Management Associates Inc now owns 4,429 shares of the financial services provider's stock valued at $433,000 after buying an additional 120 shares during the period. Finally, Klingman & Associates LLC lifted its holdings in shares of Charles Schwab by 1.5% during the 1st quarter. Klingman & Associates LLC now owns 8,417 shares of the financial services provider's stock valued at $791,000 after acquiring an additional 125 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Key Charles Schwab News

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

• Positive Sentiment: A recent analysis described SCHW as potentially undervalued based on its returns, supporting the view that the stock’s pullback may offer an attractive entry point for long-term investors. Charles Schwab Stock Could Be a Bargain Based on Returns
• Positive Sentiment: Charles Schwab’s fourth-quarter retail sentiment report highlighted substantial scale, including $13.33 trillion in client assets, 48.6 million accounts and 10.7 million average daily trades in the third quarter. Continued confidence among clients in achieving their financial goals could help support asset gathering despite weaker market sentiment. Schwab Q4 Retail Client Sentiment Report
• Positive Sentiment: The Charles Schwab Cup Championship will move to Papago Golf Club in 2027. The sponsorship and tournament exposure provide ongoing brand visibility, though the financial effect on SCHW is likely modest relative to brokerage and banking results. Charles Schwab Cup Championship Moves to Papago Golf Club
• Neutral Sentiment: Reports on the 36-player Charles Schwab Cup Championship field, including Bernhard Langer’s absence and Darren Fichardt’s qualification, are primarily sponsorship and brand news rather than material earnings catalysts. Charles Schwab Cup Championship Field Set
• Neutral Sentiment: Reports that JPMorgan Chase and Charles Schwab are restricting personal artificial-intelligence agents reflect increased cybersecurity and compliance controls. The measures may reduce operational risk but could also limit some automation benefits. JPMorgan Chase and Charles Schwab Restrict Personal AI Agents
• Negative Sentiment: Retail investors turned net bearish on the U.S. stock market in the latest quarter. A more defensive client base could weigh on equity trading activity and transaction-related revenue, although high confidence in long-term financial goals provides an offset. Schwab Retail Client Sentiment Report
• Negative Sentiment: Ten-year Treasury yields above 5% could intensify competition for customer cash and deposits. Higher rates may benefit Schwab’s interest income, but they can also pressure client cash balances and net interest margins. 10-Year Treasury Yields Top 5 Percent

Analyst Ratings Changes

A number of brokerages recently weighed in on SCHW. Rothschild & Co Redburn upped their price target on shares of Charles Schwab from $114.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, September 21st. JPMorgan Chase & Co. cut their price objective on Charles Schwab from $150.00 to $147.00 and set an "overweight" rating on the stock in a research report on Friday, October 16th. Evercore set a $98.00 price objective on Charles Schwab in a research note on Wednesday, October 28th. TD Cowen upped their target price on Charles Schwab from $128.00 to $129.00 and gave the stock a "buy" rating in a research report on Monday, October 12th. Finally, Bank of America lifted their price objective on shares of Charles Schwab from $91.00 to $95.00 and gave the company an "underperform" rating in a research note on Monday, October 5th. Eighteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Charles Schwab presently has a consensus rating of "Moderate Buy" and an average target price of $119.91.

Insider Buying and Selling

In other news, Director Paula A. Sneed sold 5,263 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $107.15, for a total value of $563,930.45. Following the completion of the transaction, the director owned 91,711 shares of the company's stock, valued at approximately $9,826,833.65. This represents a 5.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Dennis Howard sold 2,198 shares of the firm's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $110.00, for a total value of $241,780.00. Following the transaction, the insider directly owned 6,980 shares in the company, valued at $767,800. This trade represents a 23.95% 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. Insiders have sold 285,734 shares of company stock valued at $32,073,309 in the last ninety days. Insiders own 6.30% of the company's stock.

Charles Schwab Price Performance

Shares of SCHW opened at $88.70 on Tuesday. 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 cap of $153.39 billion, a P/E ratio of 14.48, a PEG ratio of 0.79 and a beta of 0.79. The Charles Schwab Corporation has a 12 month low of $83.96 and a 12 month high of $114.53. The stock has a fifty day moving average price of $100.05 and a 200 day moving average price of $97.60.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.69 EPS for the quarter, topping the consensus estimate of $1.66 by $0.03. The business had revenue of $7.17 billion during the quarter, compared to analyst estimates of $7.18 billion. Charles Schwab had a net margin of 39.33% and a return on equity of 25.79%. The company's quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.31 earnings per share. On average, research analysts forecast that The Charles Schwab Corporation will post 6.41 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be paid a $0.32 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. Charles Schwab's dividend payout ratio (DPR) is presently 21.84%.

Charles Schwab Company Profile

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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