The Charles Schwab Corporation $SCHW Shares Sold by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC lowered its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 15.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,701 shares of the financial services provider’s stock after selling 4,835 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Charles Schwab were worth $2,454,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Charles Schwab by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 151,182,081 shares of the financial services provider’s stock worth $13,793,853,000 after purchasing an additional 2,786,829 shares during the last quarter. State Street Corp grew its holdings in Charles Schwab by 0.7% during the 2nd quarter. State Street Corp now owns 72,464,619 shares of the financial services provider’s stock valued at $6,611,672,000 after purchasing an additional 531,329 shares in the last quarter. Geode Capital Management LLC grew its stake in Charles Schwab by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 37,381,183 shares of the financial services provider’s stock valued at $3,399,181,000 after purchasing an additional 1,038,376 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Charles Schwab by 2.8% in the 2nd quarter. Franklin Resources Inc. now owns 30,035,937 shares of the financial services provider’s stock valued at $2,740,479,000 after purchasing an additional 815,625 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Charles Schwab by 1.0% in the second quarter. Fisher Asset Management LLC now owns 21,376,690 shares of the financial services provider’s stock worth $1,950,409,000 after purchasing an additional 211,527 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Price Performance

Charles Schwab stock opened at $103.42 on Friday. The stock’s 50 day moving average is $98.76 and its 200 day moving average is $96.18. The Charles Schwab Corporation has a one year low of $65.88 and a one year high of $105.81. The firm has a market cap of $183.77 billion, a P/E ratio of 22.19, a P/E/G ratio of 0.84 and a beta of 0.94. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.58.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. The business had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $6.19 billion. Charles Schwab had a return on equity of 22.07% and a net margin of 37.01%.The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, research analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Analyst Ratings Changes

SCHW has been the subject of a number of analyst reports. JMP Securities reiterated a “market outperform” rating and set a $110.00 price target on shares of Charles Schwab in a research report on Friday, October 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $131.00 price objective on shares of Charles Schwab in a report on Thursday, January 22nd. Raymond James Financial reaffirmed an “outperform” rating and set a $114.00 price target on shares of Charles Schwab in a research note on Monday, January 5th. Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a research report on Monday, January 12th. Finally, TD Cowen upped their target price on shares of Charles Schwab from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $115.65.

Insider Activity

In related news, insider Jonathan S. Beatty sold 3,072 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $98.00, for a total transaction of $301,056.00. Following the transaction, the insider directly owned 11,923 shares of the company’s stock, valued at $1,168,454. This represents a 20.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 7,072 shares of company stock worth $715,076. 6.30% of the stock is owned by insiders.

Charles Schwab Company Profile

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.