Fishman Jay A Ltd. MI Purchases New Position in The Charles Schwab Corporation $SCHW

Fishman Jay A Ltd. MI acquired a new position in shares of The Charles Schwab Corporation (NYSE:SCHW) during the 1st quarter, Holdings Channel reports. The fund acquired 62,120 shares of the financial services provider’s stock, valued at approximately $5,838,000. Charles Schwab comprises about 0.5% of Fishman Jay A Ltd. MI’s investment portfolio, making the stock its 27th largest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SCHW. Norges Bank purchased a new position in shares of Charles Schwab in the 4th quarter worth approximately $1,994,189,000. Primecap Management Co. CA boosted its stake in Charles Schwab by 9.7% during the fourth quarter. Primecap Management Co. CA now owns 23,276,071 shares of the financial services provider’s stock worth $2,325,512,000 after buying an additional 2,066,884 shares during the period. Focus Partners Wealth increased its position in Charles Schwab by 716.5% during the fourth quarter. Focus Partners Wealth now owns 2,101,463 shares of the financial services provider’s stock valued at $209,948,000 after acquiring an additional 1,844,095 shares during the last quarter. Danske Bank A S purchased a new stake in shares of Charles Schwab in the third quarter valued at $142,594,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Charles Schwab in the first quarter valued at $129,140,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SCHW has been the subject of a number of recent analyst reports. Argus set a $108.00 price target on shares of Charles Schwab in a research note on Monday, April 20th. UBS Group decreased their price objective on shares of Charles Schwab from $125.00 to $119.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $128.00 target price on shares of Charles Schwab in a research note on Friday, May 15th. TD Cowen increased their target price on Charles Schwab from $108.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Charles Schwab from $128.00 to $131.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $116.00.

Insider Transactions at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,000 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $100.01, for a total value of $200,020.00. Following the completion of the transaction, the insider directly owned 15,738 shares in the company, valued at $1,573,957.38. This trade represents a 11.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul V. Woolway sold 7,942 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $98.00, for a total value of $778,316.00. Following the completion of the sale, the insider owned 29,866 shares in the company, valued at approximately $2,926,868. This represents a 21.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 63,700 shares of company stock worth $6,283,211. Insiders own 6.30% of the company’s stock.

Trending Headlines about Charles Schwab

Here are the key news stories impacting Charles Schwab this week:

• Positive Sentiment: Schwab’s June STAX reading rose to 59.12, its highest level in four years, signaling robust retail investor trading activity and potentially stronger brokerage-driven revenue. Schwab Trading Activity Index™: STAX Score Reaches a Four-Year High in June
• Positive Sentiment: Coverage highlighting a renewed retail trading boom supports the view that Schwab is quietly benefiting from increased market participation by individual investors. The Retail Trading Boom Is Back. Charles Schwab Is Quietly Cashing In.
• Neutral Sentiment: An insider sale by Jonathan Beatty was disclosed, but it was a pre-arranged Rule 10b5-1 transaction, which makes it less meaningful as a bearish signal. Charles Schwab (NYSE:SCHW) Insider Jonathan Beatty Sells 2,000 Shares of Stock
• Neutral Sentiment: Charles Schwab’s prior backing of institutional crypto exchange EDX Markets is getting renewed attention, but the news is more about the broader crypto infrastructure ecosystem than a direct catalyst for Schwab shares. Institutional crypto exchange EDX lands $76M from SBI Holdings

Charles Schwab Trading Up 1.2%

NYSE SCHW opened at $101.82 on Wednesday. The company has a 50 day moving average price of $90.96 and a 200 day moving average price of $95.23. The firm has a market cap of $177.08 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 0.92 and a beta of 0.77. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.48. The Charles Schwab Corporation has a 52 week low of $83.96 and a 52 week high of $107.50.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.04. Charles Schwab had a return on equity of 23.05% and a net margin of 37.99%.The firm had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $6.39 billion. During the same quarter last year, the firm earned $1.04 EPS. The business’s quarterly revenue was up 15.8% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, sell-side analysts forecast that The Charles Schwab Corporation will post 6.14 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.3%. Charles Schwab’s dividend payout ratio (DPR) is currently 25.40%.

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.