Hudson Bay Capital Management LP Buys 41,029 Shares of The Charles Schwab Corporation $SCHW

Hudson Bay Capital Management LP increased its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 19.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 256,262 shares of the financial services provider’s stock after purchasing an additional 41,029 shares during the period. Hudson Bay Capital Management LP’s holdings in Charles Schwab were worth $24,465,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Charles Schwab in the 2nd quarter worth approximately $1,889,858,000. Brown Advisory Inc. lifted its holdings in shares of Charles Schwab by 88.4% during the 2nd quarter. Brown Advisory Inc. now owns 12,162,260 shares of the financial services provider’s stock valued at $1,109,687,000 after buying an additional 5,708,208 shares during the period. Primecap Management Co. CA lifted its holdings in shares of Charles Schwab by 35.9% during the 2nd 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 buying an additional 5,032,728 shares during the period. Mondrian Investment Partners LTD purchased a new position in shares of Charles Schwab in the 3rd quarter worth $169,104,000. Finally, First Trust Advisors LP boosted its stake in shares of Charles Schwab by 292.7% in the 3rd quarter. First Trust Advisors LP now owns 2,206,320 shares of the financial services provider’s stock worth $210,637,000 after buying an additional 1,644,503 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on SCHW. Piper Sandler upped their price objective on Charles Schwab from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Wolfe Research set a $120.00 target price on Charles Schwab in a research report on Monday, January 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Charles Schwab in a research note on Thursday, January 22nd. Morgan Stanley upped their price target 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. Finally, Citizens Jmp increased their price objective on shares of Charles Schwab from $110.00 to $120.00 and gave the stock a “market outperform” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Charles Schwab has an average rating of “Moderate Buy” and an average price target of $115.95.

Charles Schwab Trading Down 0.7%

NYSE:SCHW opened at $93.23 on Thursday. The Charles Schwab Corporation has a one year low of $65.88 and a one year high of $107.50. The business has a fifty day moving average price of $98.41 and a 200-day moving average price of $96.27. The firm has a market capitalization of $163.35 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 0.76 and a beta of 0.93. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.62 and a quick ratio of 0.62.

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, beating the consensus estimate of $1.32 by $0.07. Charles Schwab had a return on equity of 21.97% and a net margin of 37.01%.The company had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the previous year, the business earned $1.01 earnings per share. Charles Schwab’s quarterly revenue was up 18.9% compared to the same quarter last year. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Sell-side analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The business 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 represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, February 13th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.27. Charles Schwab’s payout ratio is presently 27.47%.

Insider Activity at Charles Schwab

In related news, insider Paul V. Woolway sold 15,884 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $95.12, for a total value of $1,510,886.08. Following the completion of the sale, the insider directly owned 35,992 shares of the company’s stock, valued at approximately $3,423,559.04. This represents a 30.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction of $792,766.10. The SEC filing for this sale provides additional information. 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 currently owned by insiders.

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.