Hillsdale Investment Management Inc. Makes New Investment in The Charles Schwab Corporation $SCHW

Hillsdale Investment Management Inc. purchased a new stake in shares of The Charles Schwab Corporation (NYSE:SCHW) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 9,680 shares of the financial services provider’s stock, valued at approximately $924,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHW. West Branch Capital LLC purchased a new position in shares of Charles Schwab during the 3rd quarter valued at $27,000. Redmont Wealth Advisors LLC bought a new stake in Charles Schwab during the third quarter valued at about $34,000. Evelyn Partners Asset Management Ltd purchased a new position in shares of Charles Schwab in the second quarter valued at about $33,000. Howard Hughes Medical Institute bought a new position in shares of Charles Schwab in the second quarter worth about $34,000. Finally, Steph & Co. grew its position in shares of Charles Schwab by 74.7% during the third quarter. Steph & Co. now owns 386 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 165 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Stock Performance

Charles Schwab stock opened at $92.62 on Tuesday. 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 firm has a market capitalization of $164.57 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 0.76 and a beta of 0.94. The Charles Schwab Corporation has a 1-year low of $65.88 and a 1-year high of $107.50. The company’s 50-day moving average is $100.51 and its 200 day moving average is $96.53.

Charles Schwab (NYSE:SCHW) last released its earnings results on Wednesday, January 21st. The financial services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.07. Charles Schwab had a return on equity of 22.07% and a net margin of 37.01%.The firm had revenue of $6.34 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter in the prior year, the firm posted $1.01 earnings per share. The company’s quarterly 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. Research analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SCHW shares. Citizens Jmp boosted their price target on Charles Schwab from $110.00 to $120.00 and gave the stock a “market outperform” rating in a report on Monday, January 12th. Wolfe Research set a $120.00 target price on shares of Charles Schwab in a research report on Monday, January 12th. Morgan Stanley raised their target price on shares of Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, December 22nd. Raymond James Financial reiterated an “outperform” rating and issued a $114.00 price target on shares of Charles Schwab in a research note on Monday, January 5th. Finally, TD Cowen increased their price objective on shares of Charles Schwab from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. One investment 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.95.

Insiders Place Their Bets

In related news, Director Christopher V. Dodds sold 11,825 shares of Charles Schwab stock in a transaction dated 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 completion of the sale, the director owned 449,406 shares in the company, valued at $46,985,397.30. This trade represents a 2.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jonathan S. Beatty sold 2,000 shares of the company’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the transaction, the insider owned 21,768 shares in the company, valued at $2,285,640. This represents a 8.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 348,344 shares of company stock valued at $36,259,555 in the last three months. 6.30% of the stock is owned by company insiders.

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.