The Charles Schwab Corporation $SCHW Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ trimmed its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 335,180 shares of the financial services provider’s stock after selling 15,303 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Charles Schwab were worth $32,000,000 at the end of the most recent reporting period.

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

Insider Transactions at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 7,595 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $104.38, for a total value of $792,766.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Walter W. Bettinger sold 67,514 shares of the business’s stock in a transaction dated 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 sale, the chairman owned 529,346 shares of the company’s stock, valued at $55,184,320.50. The trade was a 11.31% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 348,344 shares of company stock valued at $36,259,555. Corporate insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on SCHW. Citizens Jmp lifted their price objective on Charles Schwab from $110.00 to $120.00 and gave the stock a “market outperform” rating in a research report on Monday, January 12th. TD Cowen boosted their price target on Charles Schwab from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Morgan Stanley increased their price objective on Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, December 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $131.00 target price on shares of Charles Schwab in a research note on Thursday, January 22nd. Finally, Barclays raised their price target on shares of Charles Schwab from $125.00 to $126.00 and gave the stock an “overweight” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Charles Schwab presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.95.

Charles Schwab Stock Down 0.8%

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

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data 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. Charles Schwab had a net margin of 37.01% and a return on equity of 22.07%. The business had revenue of $6.34 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same period in the prior year, the firm posted $1.01 EPS. The company’s revenue was up 18.9% on a year-over-year basis. 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 dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.27. Charles Schwab’s dividend payout ratio is presently 27.47%.

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.