Bokf Na Buys 9,876 Shares of The Charles Schwab Corporation $SCHW

Bokf Na boosted its stake in The Charles Schwab Corporation (NYSE:SCHW) by 19.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,628 shares of the financial services provider’s stock after purchasing an additional 9,876 shares during the quarter. Bokf Na’s holdings in Charles Schwab were worth $5,693,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in shares of Charles Schwab by 380.5% in the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock worth $1,794,000 after buying an additional 19,195 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Charles Schwab by 21.6% during the second quarter. Sivia Capital Partners LLC now owns 4,553 shares of the financial services provider’s stock valued at $415,000 after acquiring an additional 809 shares in the last quarter. United Bank increased its holdings in Charles Schwab by 7.1% during the 2nd quarter. United Bank now owns 16,053 shares of the financial services provider’s stock worth $1,465,000 after acquiring an additional 1,070 shares during the period. Penserra Capital Management LLC lifted its stake in Charles Schwab by 2,210.3% in the 2nd quarter. Penserra Capital Management LLC now owns 2,703 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 2,586 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in Charles Schwab by 34.5% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 34,713 shares of the financial services provider’s stock worth $3,167,000 after purchasing an additional 8,895 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SCHW shares. TD Cowen boosted their price target on shares of Charles Schwab from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. UBS Group increased their price objective on Charles Schwab from $123.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $131.00 price objective on shares of Charles Schwab in a research note on Thursday, January 22nd. Citizens Jmp upped their target price on Charles Schwab from $110.00 to $120.00 and gave the stock a “market outperform” rating in a research note on Monday, January 12th. Finally, Piper Sandler raised their price target on Charles Schwab from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Charles Schwab currently has a consensus rating of “Moderate Buy” and an average target price of $115.95.

Insider Activity at Charles Schwab

In related news, Director Christopher V. Dodds sold 11,825 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $104.55, for a total value of $1,236,303.75. Following the completion of the sale, the director owned 449,406 shares in the company, valued at $46,985,397.30. The trade was a 2.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dennis Howard sold 27,903 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $95.02, for a total value of $2,651,343.06. Following the completion of the sale, the insider directly owned 10,470 shares of the company’s stock, valued at approximately $994,859.40. This represents a 72.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 415,568 shares of company stock worth $42,639,058 in the last quarter. 6.30% of the stock is owned by company insiders.

Charles Schwab Stock Performance

NYSE SCHW opened at $91.17 on Friday. The Charles Schwab Corporation has a 52-week low of $65.88 and a 52-week high of $107.50. The company has a fifty day moving average of $99.14 and a 200-day moving average of $96.36. The company has a market capitalization of $159.75 billion, a P/E ratio of 19.57, a P/E/G ratio of 0.75 and a beta of 0.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.62 and a current ratio of 0.62.

Charles Schwab (NYSE:SCHW) last released its earnings results on Wednesday, January 21st. The financial services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.07. Charles Schwab had a return on equity of 21.97% and a net margin of 37.01%.The business had revenue of $6.34 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The firm’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 research analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.32 per share. This is a boost from Charles Schwab’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, February 13th. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. Charles Schwab’s dividend payout ratio is currently 27.47%.

About Charles Schwab

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.