Moore Capital Management LP Increases Holdings in The Charles Schwab Corporation $SCHW

Moore Capital Management LP grew its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 57.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 614,240 shares of the financial services provider’s stock after buying an additional 223,360 shares during the quarter. Charles Schwab accounts for approximately 0.8% of Moore Capital Management LP’s holdings, making the stock its 19th largest position. Moore Capital Management LP’s holdings in Charles Schwab were worth $58,641,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Federated Hermes Inc. boosted its position in Charles Schwab by 2,112.7% in the second quarter. Federated Hermes Inc. now owns 181,793 shares of the financial services provider’s stock worth $16,587,000 after purchasing an additional 173,577 shares during the last quarter. First National Trust Co increased its position in shares of Charles Schwab by 82.2% during the 3rd quarter. First National Trust Co now owns 89,224 shares of the financial services provider’s stock valued at $8,518,000 after purchasing an additional 40,257 shares during the last quarter. AE Wealth Management LLC lifted its stake in shares of Charles Schwab by 131.0% in the 3rd quarter. AE Wealth Management LLC now owns 99,832 shares of the financial services provider’s stock worth $9,531,000 after purchasing an additional 56,609 shares during the period. Optimize Financial Inc bought a new position in shares of Charles Schwab in the 3rd quarter worth approximately $467,000. Finally, Nordea Investment Management AB boosted its holdings in shares of Charles Schwab by 11.2% in the third quarter. Nordea Investment Management AB now owns 3,040,864 shares of the financial services provider’s stock worth $291,436,000 after buying an additional 305,904 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

NYSE SCHW opened at $93.60 on Tuesday. 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 $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’s 50 day moving average is $98.77 and its two-hundred day moving average is $96.31. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.52.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. The business had revenue of $6.34 billion during the quarter, compared to analyst estimates of $6.19 billion. Charles Schwab had a net margin of 37.01% and a return on equity of 21.97%. The company’s revenue was up 18.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, research analysts anticipate 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 issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 13th. 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. Charles Schwab’s payout ratio is currently 27.47%.

Insider Buying and Selling

In other news, insider Dennis Howard sold 27,903 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $95.02, for a total value of $2,651,343.06. Following the transaction, the insider directly owned 10,470 shares in the company, valued at $994,859.40. The trade was a 72.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Peter J. Morgan III sold 7,595 shares of the company’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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 415,568 shares of company stock worth $42,639,058 in the last three months. Corporate insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wolfe Research set a $120.00 target price on shares of Charles Schwab in a research report on Monday, January 12th. Raymond James Financial reiterated an “outperform” rating and issued a $114.00 price target on shares of Charles Schwab in a research report on Monday, January 5th. Bank of America lifted their price target on shares of Charles Schwab from $88.00 to $91.00 and gave the stock an “underperform” rating in a research note on Wednesday, December 10th. Morgan Stanley boosted their price objective on shares of Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a research report on Monday, December 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $131.00 price objective 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 assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.95.

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.