Connors Investor Services Inc. Sells 8,342 Shares of The Charles Schwab Corporation $SCHW

Connors Investor Services Inc. cut its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 4.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 162,271 shares of the financial services provider’s stock after selling 8,342 shares during the quarter. Connors Investor Services Inc.’s holdings in Charles Schwab were worth $15,492,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SCHW. ARQ Wealth Advisors LLC acquired a new position in shares of Charles Schwab during the third quarter worth $743,000. Prana Capital Management LP acquired a new stake in Charles Schwab in the third quarter valued at $44,068,000. CIBC Bancorp USA Inc. bought a new position in Charles Schwab during the 3rd quarter worth $22,542,000. Centaurus Financial Inc. raised its position in Charles Schwab by 42.0% during the 3rd quarter. Centaurus Financial Inc. now owns 37,155 shares of the financial services provider’s stock worth $3,547,000 after purchasing an additional 10,994 shares during the last quarter. Finally, Caerus Investment Advisors LLC acquired a new position in Charles Schwab during the 3rd quarter worth about $418,000. 84.38% of the stock is owned by institutional investors.

Charles Schwab Stock Up 0.3%

Shares of NYSE:SCHW opened at $93.95 on Wednesday. The Charles Schwab Corporation has a 1 year low of $65.88 and a 1 year high of $107.50. 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 business’s 50-day moving average is $98.58 and its 200-day moving average is $96.29. The company has a market capitalization of $164.62 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 0.75 and a beta of 0.93.

Charles Schwab (NYSE:SCHW) last released its earnings results on Wednesday, January 21st. The financial services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.32 by $0.07. The business had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $6.19 billion. Charles Schwab had a return on equity of 21.97% and a net margin of 37.01%.The firm’s revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Equities research analysts predict 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 was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.32 per share. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.27. 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%. Charles Schwab’s payout ratio is 27.47%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Truist Financial upped their price target on Charles Schwab from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Wolfe Research set a $120.00 price objective on Charles Schwab in a research note on Monday, January 12th. Raymond James Financial reiterated an “outperform” rating and issued a $114.00 target price on shares of Charles Schwab in a report on Monday, January 5th. Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a research report on Monday, January 12th. Finally, Barclays boosted their price target on shares of Charles Schwab from $125.00 to $126.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.95.

Insider Buying and Selling

In other Charles Schwab news, insider Paul V. Woolway sold 6,126 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $94.61, for a total value of $579,580.86. Following the completion of the sale, the insider directly owned 29,866 shares in the company, valued at approximately $2,825,622.26. This trade represents a 17.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dennis Howard sold 10,108 shares of Charles Schwab stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $94.60, for a total transaction of $956,216.80. Following the completion of the sale, the insider directly owned 10,470 shares of the company’s stock, valued at approximately $990,462. This trade represents a 49.12% decrease in their ownership of the stock. 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 over the last ninety days. 6.30% of the stock is owned by company insiders.

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.