The Charles Schwab Corporation $SCHW Shares Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC lifted its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 555.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,564 shares of the financial services provider’s stock after acquiring an additional 28,441 shares during the period. Diversify Wealth Management LLC’s holdings in Charles Schwab were worth $3,060,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Dogwood Wealth Management LLC raised its position in shares of Charles Schwab by 99.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock worth $25,000 after buying an additional 123 shares during the period. Piscataqua Savings Bank purchased a new stake in Charles Schwab during the fourth quarter valued at about $26,000. GoalVest Advisory LLC purchased a new stake in Charles Schwab during the fourth quarter valued at about $28,000. Beacon Financial Strategies CORP acquired a new stake in Charles Schwab during the fourth quarter worth about $29,000. Finally, Optima Capital LLC acquired a new stake in Charles Schwab during the fourth quarter worth about $30,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Jonathan S. Beatty sold 2,000 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $100.01, for a total transaction of $200,020.00. Following the completion of the sale, the insider directly owned 13,738 shares of the company’s stock, valued at approximately $1,373,937.38. This trade represents a 12.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul V. Woolway sold 7,941 shares of Charles Schwab stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $100.00, for a total transaction of $794,100.00. Following the sale, the insider directly owned 29,866 shares in the company, valued at $2,986,600. This trade represents a 21.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 14,461 shares of company stock worth $1,416,492 over the last 90 days. Company insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Jefferies Financial Group reduced their price objective on Charles Schwab from $122.00 to $118.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. UBS Group increased their target price on shares of Charles Schwab from $119.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Piper Sandler raised their price target on shares of Charles Schwab from $103.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Keefe, Bruyette & Woods began coverage on shares of Charles Schwab in a research report on Wednesday, April 8th. They set an “outperform” rating and a $110.00 price target on the stock. Finally, Truist Financial decreased their price objective on shares of Charles Schwab from $122.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $116.32.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $102.46 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.62 and a quick ratio of 0.62. The Charles Schwab Corporation has a 1-year low of $83.96 and a 1-year high of $107.50. The company has a market capitalization of $178.19 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 0.91 and a beta of 0.77. The business has a 50-day moving average of $91.85 and a 200-day moving average of $95.31.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Thursday, April 16th. The financial services provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.39 by $0.04. The business had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $6.39 billion. Charles Schwab had a return on equity of 23.05% and a net margin of 37.99%.The company’s revenue was up 15.8% on a year-over-year basis. During the same period last year, the business posted $1.04 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, equities analysts anticipate that The Charles Schwab Corporation will post 6.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a dividend of $0.32 per share. The ex-dividend date was Friday, May 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.2%. Charles Schwab’s dividend payout ratio (DPR) is currently 25.40%.

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.