NEOS Investment Management LLC Grows Stake in The Charles Schwab Corporation $SCHW

NEOS Investment Management LLC boosted its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 47.9% during the 3rd quarter, Holdings Channel reports. The firm owned 205,018 shares of the financial services provider’s stock after buying an additional 66,382 shares during the period. NEOS Investment Management LLC’s holdings in Charles Schwab were worth $19,573,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Arvest Bank Trust Division purchased a new stake in Charles Schwab during the 3rd quarter valued at approximately $204,000. Mondrian Investment Partners LTD purchased a new position in shares of Charles Schwab during the third quarter valued at about $169,104,000. Glenview Trust Co increased its holdings in shares of Charles Schwab by 4.8% in the third quarter. Glenview Trust Co now owns 119,839 shares of the financial services provider’s stock worth $11,441,000 after purchasing an additional 5,461 shares during the last quarter. SMART Wealth LLC lifted its position in shares of Charles Schwab by 294.2% in the third quarter. SMART Wealth LLC now owns 12,085 shares of the financial services provider’s stock worth $1,154,000 after buying an additional 9,019 shares in the last quarter. Finally, Southeast Asset Advisors LLC lifted its position in shares of Charles Schwab by 0.7% in the third quarter. Southeast Asset Advisors LLC now owns 49,191 shares of the financial services provider’s stock worth $4,696,000 after buying an additional 334 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SCHW has been the subject of several research analyst reports. Truist Financial raised their price target on Charles Schwab from $120.00 to $122.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Piper Sandler increased their target price on Charles Schwab from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Morgan Stanley boosted their price target on shares of Charles Schwab from $139.00 to $148.00 and gave the stock an “overweight” rating in a research report on Monday, December 22nd. Barclays upped their price target on shares of Charles Schwab from $125.00 to $126.00 and gave the company an “overweight” rating in a research note on Monday, January 26th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Charles Schwab in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $115.95.

Insiders Place Their Bets

In other news, Chairman Walter W. Bettinger sold 162,462 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $103.90, for a total value of $16,879,801.80. Following the sale, the chairman directly owned 529,346 shares in the company, valued at approximately $54,999,049.40. This represents a 23.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Peter J. Morgan III sold 7,595 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $104.38, for a total value of $792,766.10. The SEC filing for this sale provides additional information. Insiders have sold 348,344 shares of company stock worth $36,259,555 over the last three months. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Down 0.8%

Shares of SCHW opened at $92.97 on Wednesday. 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 business has a fifty day moving average of $100.69 and a 200 day moving average of $96.61. The company has a market cap of $165.20 billion, a PE ratio of 19.95, a P/E/G ratio of 0.76 and a beta of 0.94. The Charles Schwab Corporation has a 52-week low of $65.88 and a 52-week high of $107.50.

Charles Schwab (NYSE:SCHW) last announced 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 business had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the prior year, the firm posted $1.01 earnings per share. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, sell-side analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 13th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.27. This represents a $1.28 annualized dividend and a yield of 1.4%. Charles Schwab’s payout ratio is 27.47%.

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.