Charles Schwab (NYSE:SCHW) Chairman Walter Bettinger Sells 162,462 Shares of Stock

The Charles Schwab Corporation (NYSE:SCHWGet Free Report) Chairman Walter Bettinger sold 162,462 shares of the company’s stock in a transaction that occurred 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 directly owned 529,346 shares in the company, valued at approximately $54,999,049.40. The trade was a 23.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Charles Schwab Stock Down 1.9%

Shares of Charles Schwab stock opened at $101.92 on Friday. The stock has a market capitalization of $181.11 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 0.84 and a beta of 0.94. The business’s 50 day simple moving average is $100.02 and its 200-day simple moving average is $96.55. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.47. The Charles Schwab Corporation has a twelve month low of $65.88 and a twelve month high of $105.81.

Charles Schwab (NYSE:SCHWGet Free Report) last posted its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.07. The business had revenue of $6.34 billion for 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 22.07%. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter last year, the business earned $1.01 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Equities research analysts forecast 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 will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 13th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.27. This represents a $1.28 dividend on an annualized basis and a yield of 1.3%. Charles Schwab’s payout ratio is presently 23.18%.

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Analysts Set New Price Targets

A number of research analysts have recently commented on SCHW shares. Raymond James Financial reiterated an “outperform” rating and set a $114.00 price target on shares of Charles Schwab in a report on Monday, January 5th. Keefe, Bruyette & Woods raised their price objective on shares of Charles Schwab from $109.00 to $111.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Charles Schwab in a research report on Thursday, January 22nd. Wolfe Research set a $120.00 price target on shares of Charles Schwab in a research report on Monday, January 12th. 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 research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Charles Schwab presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.65.

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Institutional Investors Weigh In On Charles Schwab

Large investors have recently made changes to their positions in the stock. Princeton Global Asset Management LLC bought a new stake in shares of Charles Schwab in the 2nd quarter valued at about $25,000. Dogwood Wealth Management LLC increased its position in Charles Schwab by 99.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock worth $25,000 after buying an additional 123 shares during the last quarter. Piscataqua Savings Bank bought a new stake in Charles Schwab in the fourth quarter valued at approximately $26,000. RMG Wealth Management LLC acquired a new stake in shares of Charles Schwab in the second quarter valued at approximately $27,000. Finally, West Branch Capital LLC bought a new position in shares of Charles Schwab during the 3rd quarter worth approximately $27,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

About Charles Schwab

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Charles Schwab (NYSE:SCHW)

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