Independence Wealth Advisors LLC Makes New $860,000 Investment in The Charles Schwab Corporation $SCHW

Independence Wealth Advisors LLC purchased a new stake in shares of The Charles Schwab Corporation (NYSE:SCHW) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 8,611 shares of the financial services provider’s stock, valued at approximately $860,000.

Several other large investors have also made changes to their positions in SCHW. Tompkins Financial Corp grew its stake in shares of Charles Schwab by 5.3% in the 4th quarter. Tompkins Financial Corp now owns 3,085 shares of the financial services provider’s stock valued at $308,000 after buying an additional 155 shares in the last quarter. Goodman Financial Corp raised its position in Charles Schwab by 1.9% during the fourth quarter. Goodman Financial Corp now owns 198,151 shares of the financial services provider’s stock valued at $19,797,000 after acquiring an additional 3,711 shares in the last quarter. Fulton Bank N.A. lifted its stake in Charles Schwab by 20.1% in the fourth quarter. Fulton Bank N.A. now owns 10,291 shares of the financial services provider’s stock valued at $1,028,000 after acquiring an additional 1,719 shares during the last quarter. Spartan Planning & Wealth Management grew its position in Charles Schwab by 12.7% in the fourth quarter. Spartan Planning & Wealth Management now owns 3,480 shares of the financial services provider’s stock worth $348,000 after acquiring an additional 393 shares in the last quarter. Finally, Traveka Wealth LLC grew its position in Charles Schwab by 5.1% in the fourth quarter. Traveka Wealth LLC now owns 3,032 shares of the financial services provider’s stock worth $303,000 after acquiring an additional 146 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.7%

Charles Schwab stock opened at $94.66 on Monday. 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 Charles Schwab Corporation has a fifty-two week low of $65.88 and a fifty-two week high of $107.50. The firm has a fifty day moving average price of $98.15 and a two-hundred day moving average price of $96.25. The firm has a market cap of $165.86 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 0.76 and a beta of 0.93.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.07. The company had revenue of $6.34 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $1.01 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a $0.32 dividend. This is an increase 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 dividend on an annualized basis and a yield of 1.4%. Charles Schwab’s payout ratio is 27.47%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SCHW shares. Citizens Jmp raised their price target on shares of Charles Schwab from $110.00 to $120.00 and gave the company a “market outperform” rating in a report on Monday, January 12th. Morgan Stanley upped their price objective on shares of Charles Schwab from $139.00 to $148.00 and gave the stock an “overweight” rating in a report on Monday, December 22nd. Wolfe Research set a $120.00 target price on shares of Charles Schwab in a research report on Monday, January 12th. TD Cowen raised their target price on Charles Schwab from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, Truist Financial boosted their price target on Charles Schwab from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. One equities 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 issued a Sell rating to the stock. According to MarketBeat, Charles Schwab presently has a consensus rating of “Moderate Buy” and an average target price of $115.95.

Insider Buying and Selling

In other news, insider Dennis Howard sold 27,903 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $95.02, for a total transaction of $2,651,343.06. Following the completion of the transaction, the insider directly owned 10,470 shares in the company, valued at $994,859.40. The trade was a 72.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Peter J. Morgan III sold 7,595 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $104.38, for a total value of $792,766.10. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 415,568 shares of company stock worth $42,639,058. 6.30% of the stock is currently owned by company insiders.

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.