Aquatic Capital Management LLC Has $28.81 Million Stock Position in The Charles Schwab Corporation $SCHW

Aquatic Capital Management LLC boosted its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 173.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 301,720 shares of the financial services provider’s stock after buying an additional 191,426 shares during the quarter. Aquatic Capital Management LLC’s holdings in Charles Schwab were worth $28,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. West Branch Capital LLC bought a new position in shares of Charles Schwab during the 3rd quarter worth about $27,000. Evelyn Partners Asset Management Ltd bought a new stake in shares of Charles Schwab in the second quarter valued at about $33,000. Howard Hughes Medical Institute acquired a new stake in Charles Schwab during the second quarter worth about $34,000. Redmont Wealth Advisors LLC acquired a new stake in Charles Schwab during the third quarter worth about $34,000. Finally, Newbridge Financial Services Group Inc. increased its stake in Charles Schwab by 233.6% during the third quarter. Newbridge Financial Services Group Inc. now owns 357 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 250 shares during the period. 84.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SCHW has been the subject of a number of research reports. UBS Group raised 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. Citizens Jmp boosted their price objective on Charles Schwab from $110.00 to $120.00 and gave the company a “market outperform” rating in a research report on Monday, January 12th. Raymond James Financial restated an “outperform” rating and issued a $114.00 target price on shares of Charles Schwab in a research note on Monday, January 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Charles Schwab in a research note on Thursday, January 22nd. Finally, Piper Sandler boosted their price target on shares of Charles Schwab from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.95.

Charles Schwab Trading Up 2.0%

SCHW stock opened at $93.11 on Friday. The Charles Schwab Corporation has a 1-year low of $65.88 and a 1-year high of $107.50. The firm has a market cap of $163.15 billion, a P/E ratio of 19.98, a P/E/G ratio of 0.75 and a beta of 0.93. The business’s 50 day moving average is $98.97 and its 200-day moving average is $96.33. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.52.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Wednesday, January 21st. The financial services provider reported $1.39 EPS for the quarter, topping the consensus estimate 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 21.97% and a net margin of 37.01%.Charles Schwab’s revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the company earned $1.01 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Equities analysts anticipate that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

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

Insider Buying and Selling

In related news, Director Christopher V. Dodds sold 11,825 shares of Charles Schwab stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $104.55, for a total transaction of $1,236,303.75. Following the completion of the transaction, the director directly owned 449,406 shares of the company’s stock, valued at $46,985,397.30. This trade represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nigel J. Murtagh sold 7,203 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $94.61, for a total transaction of $681,475.83. Following the sale, the insider directly owned 57,972 shares in the company, valued at $5,484,730.92. This represents a 11.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 415,568 shares of company stock worth $42,639,058 in the last three months. Company insiders own 6.30% of the company’s stock.

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.