The Charles Schwab Corporation $SCHW Stock Sold by Kohmann Bosshard Financial Services LLC

Key Points

• Kohmann Bosshard Financial Services cut its Charles Schwab stake by 24.4%, selling 17,748 shares in the third quarter and ending with 55,009 shares valued at about $5.38 million.
• Analyst sentiment remained broadly positive: 18 analysts rated SCHW a Buy, five a Hold and one a Sell, for a consensus “Moderate Buy” and an average price target of $119.91.
• Schwab reported quarterly EPS of $1.69, beating estimates of $1.66; revenue rose 16.9% year over year to $7.17 billion, slightly below forecasts. The company also announced a quarterly dividend of $0.32 per share.

Kohmann Bosshard Financial Services LLC lessened its position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 24.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,009 shares of the financial services provider's stock after selling 17,748 shares during the quarter. Charles Schwab makes up 0.5% of Kohmann Bosshard Financial Services LLC's investment portfolio, making the stock its 28th largest holding. Kohmann Bosshard Financial Services LLC's holdings in Charles Schwab were worth $5,377,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Asset One Wealth Management LLC acquired a new position in shares of Charles Schwab in the third quarter valued at approximately $1,344,000. CenterBook Partners LP acquired a new stake in Charles Schwab during the 3rd quarter worth approximately $2,637,000. First Citizens Bank & Trust Co. lifted its holdings in Charles Schwab by 102.3% during 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 buying an additional 17,068 shares in the last quarter. Financial Advisory Partners LLC purchased a new position in Charles Schwab in the 1st quarter valued at approximately $3,199,000. Finally, Diversified Management Inc. boosted its position in Charles Schwab by 404.1% in the 3rd quarter. Diversified Management Inc. now owns 48,078 shares of the financial services provider's stock valued at $4,699,000 after buying an additional 38,541 shares during the period. Institutional investors and hedge funds own 84.38% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SCHW. Weiss Ratings upgraded Charles Schwab from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, September 10th. Raymond James Financial reiterated an "outperform" rating and issued a $145.00 price objective (up from $137.00) on shares of Charles Schwab in a research note on Thursday, October 15th. BMO Capital Markets lowered their price objective on Charles Schwab from $105.00 to $97.00 and set a "market perform" rating for the company in a research report on Monday, October 19th. Jefferies Financial Group set a $120.00 target price on shares of Charles Schwab in a research note on Friday, October 16th. Finally, Morgan Stanley reduced their target price on shares of Charles Schwab from $141.00 to $132.00 and set an "overweight" rating on the stock in a report on Wednesday, October 21st. Eighteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Charles Schwab has a consensus rating of "Moderate Buy" and an average target price of $119.91.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $92.78 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average price of $98.16 and a 200 day moving average price of $97.35. The company has a market cap of $160.45 billion, a P/E ratio of 15.83, a PEG ratio of 0.83 and a beta of 0.77. The Charles Schwab Corporation has a 12 month low of $83.96 and a 12 month high of $114.53.

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

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 13th. Charles Schwab's dividend payout ratio is currently 21.84%.

Insider Activity

In related news, insider Dennis Howard sold 2,198 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $110.00, for a total transaction of $241,780.00. Following the completion of the sale, the insider owned 6,980 shares in the company, valued at $767,800. The trade was a 23.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, Chairman Walter W. Bettinger sold 176,210 shares of the company's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $113.49, for a total value of $19,998,072.90. Following the completion of the transaction, the chairman directly owned 610,360 shares of the company's stock, valued at $69,269,756.40. This trade represents a 22.40% 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 have sold 253,796 shares of company stock worth $28,601,556. 6.30% of the stock is currently owned by insiders.

Trending Headlines about Charles Schwab

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

• Positive Sentiment: Schwab lowered account minimums for clients seeking IPO shares, potentially making IPO access available to more customers and helping attract or retain brokerage accounts. Read More.
• Positive Sentiment: The company expanded Schwab Crypto trading to Solana, Avalanche and Chainlink, beyond Bitcoin and Ether. Broader product choice and competitive trading fees could attract customers and increase engagement, though the financial contribution is not yet clear. Read More.
• Neutral Sentiment: Schwab’s Trading Activity Index rose to 61.94 in October from 58.92 in September, indicating increased retail trading activity and more interest in individual stocks. This may support transaction activity, but the index alone does not show the effect on revenue. Read More.
• Negative Sentiment: Schwab cited accounting uncertainty around client cryptocurrency holdings, which could create financial-reporting and regulatory risks as its crypto business grows. Read More.

About Charles Schwab

The Charles Schwab Corporation is a financial services company that provides brokerage, banking, wealth management, and investment services. Its offerings include brokerage accounts, trading and research tools, retirement products, banking services, and investment advice for individuals, as well as services for independent financial advisors, employers, and institutions.

Founded in 1971 by Charles R. Schwab, the company helped popularize discount brokerage services. It expanded its brokerage business with the 2020 acquisition of TD Ameritrade, whose trading platform and services became part of Schwab.

Based in Westlake, Texas, Schwab primarily serves clients in the United States and also has an international presence.

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