Sunbelt Securities Inc. Grows Stake in The Charles Schwab Corporation $SCHW

Sunbelt Securities Inc. raised its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 98.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,174 shares of the financial services provider’s stock after purchasing an additional 10,485 shares during the period. Sunbelt Securities Inc.’s holdings in Charles Schwab were worth $2,021,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Federated Hermes Inc. lifted its holdings in Charles Schwab by 2,112.7% during the second quarter. Federated Hermes Inc. now owns 181,793 shares of the financial services provider’s stock worth $16,587,000 after buying an additional 173,577 shares during the period. First National Trust Co boosted its position in Charles Schwab by 82.2% during the 3rd quarter. First National Trust Co now owns 89,224 shares of the financial services provider’s stock valued at $8,518,000 after acquiring an additional 40,257 shares in the last quarter. AE Wealth Management LLC increased its holdings in shares of Charles Schwab by 131.0% in the 3rd quarter. AE Wealth Management LLC now owns 99,832 shares of the financial services provider’s stock valued at $9,531,000 after acquiring an additional 56,609 shares during the period. Optimize Financial Inc purchased a new stake in shares of Charles Schwab during the 3rd quarter worth $467,000. Finally, Nordea Investment Management AB lifted its stake in shares of Charles Schwab by 11.2% during the 3rd quarter. Nordea Investment Management AB now owns 3,040,864 shares of the financial services provider’s stock worth $291,436,000 after purchasing an additional 305,904 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Charles Schwab

In other news, insider Paul V. Woolway sold 6,126 shares of the company’s stock in a transaction 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 sale, the insider directly owned 29,866 shares of the company’s stock, valued at $2,825,622.26. This represents a 17.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nigel J. Murtagh sold 7,203 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $94.61, for a total transaction of $681,475.83. Following the completion of the sale, the insider owned 57,972 shares in the company, valued at $5,484,730.92. The trade was a 11.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 415,568 shares of company stock worth $42,639,058. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Trading Down 0.7%

NYSE:SCHW opened at $93.23 on Thursday. The company has a market capitalization of $163.35 billion, a P/E ratio of 20.01, a PEG ratio of 0.76 and a beta of 0.93. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.52. The Charles Schwab Corporation has a 12 month low of $65.88 and a 12 month high of $107.50. The firm has a fifty day simple moving average of $98.41 and a 200-day simple moving average of $96.27.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. The company had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $6.19 billion. Charles Schwab had a return on equity of 21.97% and a net margin of 37.01%.The firm’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.01 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, equities research analysts anticipate that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, February 13th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.27. Charles Schwab’s dividend payout ratio (DPR) is presently 27.47%.

Wall Street Analyst Weigh In

SCHW has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $131.00 target price on shares of Charles Schwab in a research note on Thursday, January 22nd. Citigroup restated a “market outperform” rating on shares of Charles Schwab in a report on Monday, January 12th. Barclays lifted their price objective on shares of Charles Schwab from $125.00 to $126.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. Citizens Jmp boosted 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. Finally, TD Cowen increased their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Charles Schwab currently has an average rating of “Moderate Buy” and a consensus target price of $115.95.

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.