Financiere des Professionnels Fonds d investissement inc. Sells 23,847 Shares of The Charles Schwab Corporation $SCHW

Financiere des Professionnels Fonds d investissement inc. decreased its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 235,858 shares of the financial services provider’s stock after selling 23,847 shares during the period. Charles Schwab accounts for about 1.3% of Financiere des Professionnels Fonds d investissement inc.’s portfolio, making the stock its 14th biggest holding. Financiere des Professionnels Fonds d investissement inc.’s holdings in Charles Schwab were worth $23,565,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Dogwood Wealth Management LLC boosted its stake 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 valued at $25,000 after buying an additional 123 shares during the last quarter. Piscataqua Savings Bank bought a new position in Charles Schwab during the fourth quarter valued at approximately $26,000. GoalVest Advisory LLC bought a new position in Charles Schwab during the fourth quarter valued at approximately $28,000. Beacon Financial Strategies CORP bought a new position in Charles Schwab during the fourth quarter valued at approximately $29,000. Finally, Optima Capital LLC bought a new position in Charles Schwab during the fourth quarter valued at approximately $30,000. Institutional investors own 84.38% of the company’s stock.

Insiders Place Their Bets

In other Charles Schwab news, Director Frank C. Herringer sold 2,520 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $90.60, for a total transaction of $228,312.00. Following the transaction, the director directly owned 177,508 shares in the company, valued at $16,082,224.80. This trade represents a 1.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Nigel J. Murtagh sold 41,297 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $99.00, for a total value of $4,088,403.00. Following the transaction, the insider owned 57,972 shares in the company, valued at $5,739,228. The trade was a 41.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 59,700 shares of company stock worth $5,889,131 in the last ninety days. 6.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SCHW. Morgan Stanley dropped their price target on Charles Schwab from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Argus set a $108.00 price target on Charles Schwab in a research note on Monday, April 20th. Jefferies Financial Group dropped their price target on Charles Schwab from $122.00 to $118.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Raymond James Financial increased their price target on Charles Schwab from $126.00 to $137.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Finally, Weiss Ratings raised Charles Schwab from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $116.00.

Charles Schwab Price Performance

NYSE:SCHW opened at $89.21 on Thursday. The firm has a market capitalization of $155.14 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 0.84 and a beta of 0.77. The Charles Schwab Corporation has a 1 year low of $83.96 and a 1 year high of $107.50. The business has a 50 day simple moving average of $91.18 and a 200-day simple moving average of $95.30. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.62 and a quick ratio of 0.62.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $6.39 billion. During the same period in the prior year, the business posted $1.04 earnings per share. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Equities analysts forecast that The Charles Schwab Corporation will post 6.12 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, May 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 25.40%.

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.