Holocene Advisors LP Sells 744,226 Shares of The Charles Schwab Corporation $SCHW

Holocene Advisors LP reduced its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 48.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 803,609 shares of the financial services provider’s stock after selling 744,226 shares during the quarter. Holocene Advisors LP’s holdings in Charles Schwab were worth $76,721,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SCHW. West Branch Capital LLC acquired a new position in shares of Charles Schwab during the third quarter worth approximately $27,000. Newbridge Financial Services Group Inc. grew its position in Charles Schwab by 233.6% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 357 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 250 shares during the period. Redmont Wealth Advisors LLC bought a new stake in Charles Schwab during the 3rd quarter valued at $34,000. Evelyn Partners Asset Management Ltd bought a new stake in Charles Schwab during the 2nd quarter valued at $33,000. Finally, Howard Hughes Medical Institute acquired a new position in Charles Schwab during the second quarter worth $34,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Performance

NYSE SCHW opened at $93.60 on Tuesday. The company has a fifty day moving average price of $98.77 and a 200-day moving average price of $96.31. The firm has a market cap of $164.01 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 0.75 and a beta of 0.93. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.62 and a quick ratio of 0.62. The Charles Schwab Corporation has a 1 year low of $65.88 and a 1 year high of $107.50.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.07. Charles Schwab had a net margin of 37.01% and a return on equity of 21.97%. The company had revenue of $6.34 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same period last year, the firm earned $1.01 earnings per share. The firm’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. As a group, equities research analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 13th. 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. Charles Schwab’s payout ratio is 27.47%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Bank of America raised their price objective on shares of Charles Schwab from $88.00 to $91.00 and gave the company an “underperform” rating in a research note on Wednesday, December 10th. Truist Financial upped 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. TD Cowen raised their price target 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Charles Schwab in a research note on Thursday, January 22nd. Finally, UBS Group boosted their price objective on Charles Schwab from $123.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $115.95.

Insider Transactions at Charles Schwab

In related news, insider Paul V. Woolway sold 15,884 shares of Charles Schwab stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $95.12, for a total transaction of $1,510,886.08. Following the sale, the insider directly owned 35,992 shares in the company, valued at approximately $3,423,559.04. This trade represents a 30.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Walter W. Bettinger sold 162,462 shares of the business’s stock in a transaction on Tuesday, February 3rd. The stock was 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 directly owned 529,346 shares in the company, valued at approximately $54,999,049.40. This represents a 23.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 415,568 shares of company stock worth $42,639,058. 6.30% of the stock is owned by insiders.

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.