Alpha Cubed Investments LLC Sells 4,835 Shares of The Charles Schwab Corporation $SCHW

Alpha Cubed Investments LLC lessened its stake in 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 Securities and Exchange Commission. The firm owned 25,701 shares of the financial services provider’s stock after selling 4,835 shares during the period. Alpha Cubed Investments LLC’s holdings in Charles Schwab were worth $2,454,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Princeton Global Asset Management LLC purchased a new stake in Charles Schwab during the second quarter valued at $25,000. RMG Wealth Management LLC purchased a new position in Charles Schwab in the second quarter worth about $27,000. West Branch Capital LLC bought a new stake in shares of Charles Schwab during the 3rd quarter valued at about $27,000. Hoese & Co LLP increased its position in shares of Charles Schwab by 131.6% during the 2nd quarter. Hoese & Co LLP now owns 352 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 200 shares during the last quarter. Finally, Mid American Wealth Advisory Group Inc. bought a new position in shares of Charles Schwab in the 2nd quarter worth approximately $32,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Charles Schwab

In related news, insider Jonathan S. Beatty sold 3,072 shares of the company’s stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 7,072 shares of company stock valued at $715,076 over the last ninety days. Company insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on SCHW shares. Piper Sandler boosted their target price on shares of Charles Schwab from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. The Goldman Sachs Group reissued a “buy” rating and set a $114.00 price objective on shares of Charles Schwab in a research report on Friday, October 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Charles Schwab in a research note on Thursday, January 22nd. Citigroup reiterated a “market outperform” rating on shares of Charles Schwab in a research report on Monday, January 12th. Finally, Truist Financial increased their target price on Charles Schwab from $120.00 to $122.00 and gave the stock a “buy” rating in a research 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 issued a Sell rating to the company. According to MarketBeat.com, Charles Schwab has a consensus rating of “Moderate Buy” and an average price target of $115.65.

Charles Schwab Stock Down 0.1%

NYSE SCHW opened at $103.42 on Friday. The business’s fifty day simple moving average is $98.76 and its 200-day simple moving average is $96.18. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.47. The firm has a market cap of $183.77 billion, a PE ratio of 22.19, a P/E/G ratio of 0.84 and a beta of 0.94. The Charles Schwab Corporation has a 52 week low of $65.88 and a 52 week high of $105.81.

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

Charles Schwab 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.