Bamco Inc. NY Has $680.89 Million Stock Position in The Charles Schwab Corporation $SCHW

Bamco Inc. NY increased its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,131,959 shares of the financial services provider’s stock after buying an additional 80,591 shares during the period. Charles Schwab accounts for approximately 1.8% of Bamco Inc. NY’s holdings, making the stock its 13th biggest position. Bamco Inc. NY owned about 0.40% of Charles Schwab worth $680,888,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ZWJ Investment Counsel Inc. lifted its position in Charles Schwab by 4.6% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 2,390 shares of the financial services provider’s stock worth $228,000 after acquiring an additional 106 shares during the last quarter. Nicolet Bankshares Inc. boosted its holdings in Charles Schwab by 0.8% during the second quarter. Nicolet Bankshares Inc. now owns 13,049 shares of the financial services provider’s stock valued at $1,191,000 after acquiring an additional 107 shares during the period. First PREMIER Bank grew its position in shares of Charles Schwab by 23.8% in the third quarter. First PREMIER Bank now owns 557 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 107 shares during the last quarter. Harfst & Associates Inc. grew its position in shares of Charles Schwab by 0.3% in the third quarter. Harfst & Associates Inc. now owns 33,724 shares of the financial services provider’s stock valued at $3,220,000 after purchasing an additional 107 shares during the last quarter. Finally, Marshall Financial Group LLC increased its stake in shares of Charles Schwab by 3.5% in the third quarter. Marshall Financial Group LLC now owns 3,224 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 109 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on SCHW. Truist Financial increased their target price on Charles Schwab from $120.00 to $122.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Citigroup reiterated a “market outperform” rating on shares of Charles Schwab in a report on Monday, January 12th. Bank of America increased their price objective on Charles Schwab from $88.00 to $91.00 and gave the company an “underperform” rating in a research report on Wednesday, December 10th. Morgan Stanley raised their price objective on shares of Charles Schwab from $139.00 to $148.00 and gave the stock an “overweight” rating in a research note on Monday, December 22nd. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $114.00 target price on shares of Charles Schwab in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $115.95.

Charles Schwab Trading Up 2.0%

Shares of SCHW opened at $93.11 on Friday. The stock’s 50-day moving average price is $98.97 and its 200 day moving average price is $96.33. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $163.15 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 0.75 and a beta of 0.93. The Charles Schwab Corporation has a 12-month low of $65.88 and a 12-month high of $107.50.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter last year, the company earned $1.01 EPS. 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. As a group, research analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a 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 was Friday, February 13th. Charles Schwab’s dividend payout ratio (DPR) is 27.47%.

Insider Transactions at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 162,462 shares of the stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $103.90, for a total value of $16,879,801.80. Following the completion of the transaction, the chairman owned 529,346 shares in the company, valued at approximately $54,999,049.40. This represents a 23.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $792,766.10. The SEC filing for this sale provides additional information. Insiders sold 415,568 shares of company stock valued at $42,639,058 over the last 90 days. Corporate insiders own 6.30% of the company’s stock.

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.