NEOS Investment Management LLC Buys 66,382 Shares of The Charles Schwab Corporation $SCHW

NEOS Investment Management LLC raised its stake in The Charles Schwab Corporation (NYSE:SCHW) by 47.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 205,018 shares of the financial services provider’s stock after acquiring an additional 66,382 shares during the period. NEOS Investment Management LLC’s holdings in Charles Schwab were worth $19,573,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SCHW. Princeton Global Asset Management LLC bought a new position in shares of Charles Schwab in the second quarter worth approximately $25,000. West Branch Capital LLC purchased a new stake in Charles Schwab during the 3rd quarter valued at $27,000. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Charles Schwab in the 2nd quarter worth $32,000. Evelyn Partners Asset Management Ltd purchased a new position in shares of Charles Schwab in the second quarter worth $33,000. Finally, Howard Hughes Medical Institute bought a new position in shares of Charles Schwab during the second quarter valued at $34,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In other Charles Schwab news, Chairman Walter W. Bettinger sold 162,462 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $103.90, for a total transaction of $16,879,801.80. Following the sale, the chairman owned 529,346 shares in the company, valued at approximately $54,999,049.40. This trade represents a 23.48% 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, Director Christopher V. Dodds sold 11,825 shares of Charles Schwab stock in a transaction that occurred on 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 transaction, the director directly owned 449,406 shares in the company, valued at $46,985,397.30. This represents a 2.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 348,344 shares of company stock valued at $36,259,555 in the last 90 days. Corporate insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on SCHW. TD Cowen boosted their target price on Charles Schwab from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Citizens Jmp lifted their price target 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. Wolfe Research set a $120.00 price objective on shares of Charles Schwab in a research report on Monday, January 12th. Truist Financial raised their target price on shares of Charles Schwab from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Charles Schwab in a research note on Thursday, January 22nd. One 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 company. According to MarketBeat.com, Charles Schwab has a consensus rating of “Moderate Buy” and a consensus price target of $115.95.

Charles Schwab Stock Down 0.8%

Shares of SCHW stock opened at $92.97 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.47. The Charles Schwab Corporation has a 12 month low of $65.88 and a 12 month high of $107.50. The stock has a market cap of $165.20 billion, a P/E ratio of 19.95, a P/E/G ratio of 0.76 and a beta of 0.94. The company has a 50 day simple moving average of $100.69 and a two-hundred day simple moving average of $96.61.

Charles Schwab (NYSE:SCHW) last issued its quarterly 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 business had revenue of $6.34 billion for the quarter, compared to analysts’ expectations of $6.19 billion. Charles Schwab had a net margin of 37.01% and a return on equity of 22.07%. The company’s revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.01 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, research analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, February 13th. Charles Schwab’s dividend payout ratio is 27.47%.

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.