The Charles Schwab Corporation $SCHW Shares Sold by Bristol John W & Co. Inc. NY

Bristol John W & Co. Inc. NY lowered its stake in The Charles Schwab Corporation (NYSE:SCHW) by 1.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,209,333 shares of the financial services provider’s stock after selling 23,596 shares during the quarter. Charles Schwab comprises 1.8% of Bristol John W & Co. Inc. NY’s portfolio, making the stock its 19th largest position. Bristol John W & Co. Inc. NY’s holdings in Charles Schwab were worth $115,455,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Charles Schwab during the 2nd quarter worth approximately $1,889,858,000. Brown Advisory Inc. raised its stake in shares of Charles Schwab by 88.4% during the second quarter. Brown Advisory Inc. now owns 12,162,260 shares of the financial services provider’s stock valued at $1,109,687,000 after purchasing an additional 5,708,208 shares during the period. Primecap Management Co. CA raised its stake in shares of Charles Schwab by 35.9% during the second quarter. Primecap Management Co. CA now owns 19,034,806 shares of the financial services provider’s stock valued at $1,736,736,000 after purchasing an additional 5,032,728 shares during the period. Vanguard Group Inc. lifted its position in shares of Charles Schwab by 1.9% during the second quarter. Vanguard Group Inc. now owns 151,182,081 shares of the financial services provider’s stock worth $13,793,853,000 after purchasing an additional 2,786,829 shares in the last quarter. Finally, Mondrian Investment Partners LTD purchased a new position in shares of Charles Schwab in the third quarter valued at $169,104,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Trading Down 1.6%

NYSE SCHW opened at $91.17 on Friday. The Charles Schwab Corporation has a 12 month low of $65.88 and a 12 month high of $107.50. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market capitalization of $159.75 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 0.75 and a beta of 0.93. The company’s fifty day moving average price is $99.14 and its two-hundred day moving average price is $96.36.

Charles Schwab (NYSE:SCHW) last released its earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.07. The company had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $6.19 billion. Charles Schwab had a net margin of 37.01% and a return on equity of 21.97%. The company’s revenue was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.01 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, research analysts predict 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 declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, February 13th. Charles Schwab’s payout ratio is 27.47%.

Insider Transactions at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 67,514 shares of Charles Schwab stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $104.25, for a total value of $7,038,334.50. Following the completion of the transaction, the chairman owned 529,346 shares in the company, valued at approximately $55,184,320.50. This trade represents a 11.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul V. Woolway sold 6,126 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $94.61, for a total value of $579,580.86. Following the completion of the sale, the insider owned 29,866 shares of the company’s stock, valued at $2,825,622.26. This trade represents a 17.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 415,568 shares of company stock valued at $42,639,058 over the last 90 days. Corporate insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

SCHW has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of Charles Schwab from $125.00 to $126.00 and gave the company an “overweight” rating in a report on Monday, January 26th. Morgan Stanley upped their price objective on shares of Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a research report on Monday, December 22nd. TD Cowen raised their target price on Charles Schwab from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. UBS Group lifted their target price on Charles Schwab from $123.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $131.00 price target on shares of Charles Schwab in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Charles Schwab presently has an average rating of “Moderate Buy” and an average price target of $115.95.

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.