Generali Asset Management SPA SGR Acquires 18,694 Shares of The Charles Schwab Corporation $SCHW

Generali Asset Management SPA SGR raised its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 17.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 122,958 shares of the financial services provider’s stock after purchasing an additional 18,694 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Charles Schwab were worth $12,285,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Charles Schwab by 0.3% in the third quarter. Vanguard Group Inc. now owns 151,585,214 shares of the financial services provider’s stock valued at $14,471,840,000 after buying an additional 403,133 shares during the period. State Street Corp grew its position in shares of Charles Schwab by 1.0% in the third quarter. State Street Corp now owns 73,156,290 shares of the financial services provider’s stock valued at $6,984,231,000 after purchasing an additional 691,671 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Charles Schwab by 1.3% in the third quarter. Fisher Asset Management LLC now owns 21,646,588 shares of the financial services provider’s stock valued at $2,066,600,000 after purchasing an additional 269,898 shares during the last quarter. Primecap Management Co. CA grew its position in shares of Charles Schwab by 11.4% in the third quarter. Primecap Management Co. CA now owns 21,209,187 shares of the financial services provider’s stock valued at $2,024,841,000 after purchasing an additional 2,174,381 shares during the last quarter. Finally, Viking Global Investors LP grew its position in shares of Charles Schwab by 5.1% in the third quarter. Viking Global Investors LP now owns 16,583,101 shares of the financial services provider’s stock valued at $1,583,189,000 after purchasing an additional 809,876 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SCHW shares. Jefferies Financial Group decreased their target price on Charles Schwab from $122.00 to $118.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Argus set a $108.00 target price on Charles Schwab in a research report on Monday, April 20th. Citigroup reaffirmed a “market outperform” rating on shares of Charles Schwab in a research report on Monday, January 12th. Piper Sandler upped their target price on Charles Schwab from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $127.00 target price on shares of Charles Schwab in a research report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Charles Schwab has a consensus rating of “Moderate Buy” and a consensus price target of $114.00.

Insider Buying and Selling

In other Charles Schwab news, insider Paul V. Woolway sold 7,941 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $100.00, for a total value of $794,100.00. Following the sale, the insider owned 29,866 shares of the company’s stock, valued at approximately $2,986,600. This trade represents a 21.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank C. Herringer sold 2,520 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $90.60, for a total value of $228,312.00. Following the completion of the sale, the director directly owned 177,508 shares in the company, valued at approximately $16,082,224.80. This represents a 1.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 126,924 shares of company stock worth $12,268,634. 6.30% of the stock is owned by corporate insiders.

Charles Schwab Trading Down 3.1%

Shares of NYSE:SCHW opened at $89.31 on Friday. The company has a market capitalization of $155.22 billion, a P/E ratio of 17.72, a P/E/G ratio of 0.72 and a beta of 0.80. The Charles Schwab Corporation has a 1 year low of $83.62 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 simple moving average is $93.75 and its 200 day simple moving average is $96.18.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.04. The business had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $6.39 billion. Charles Schwab had a return on equity of 23.03% and a net margin of 37.99%.The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.04 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, research analysts anticipate that The Charles Schwab Corporation will post 5.99 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 8th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. Charles Schwab’s dividend payout ratio is currently 25.40%.

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.