The Charles Schwab Corporation $SCHW Shares Sold by Bristol John W & Co. Inc. NY

Bristol John W & Co. Inc. NY cut its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,209,333 shares of the financial services provider’s stock after selling 23,596 shares during the quarter. Charles Schwab makes up 1.8% of Bristol John W & Co. Inc. NY’s investment portfolio, making the stock its 19th largest position. Bristol John W & Co. Inc. NY owned about 0.07% of Charles Schwab worth $115,455,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Quadrature Capital Ltd lifted its stake in shares of Charles Schwab by 925.0% during the third quarter. Quadrature Capital Ltd now owns 414,898 shares of the financial services provider’s stock valued at $39,598,000 after buying an additional 374,421 shares during the period. Ulland Investment Advisors LLC grew its stake in Charles Schwab by 6.4% in the 3rd quarter. Ulland Investment Advisors LLC now owns 2,166 shares of the financial services provider’s stock worth $207,000 after acquiring an additional 131 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Charles Schwab by 15.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,323,392 shares of the financial services provider’s stock valued at $508,224,000 after acquiring an additional 702,838 shares during the last quarter. Keystone Financial Services raised its holdings in Charles Schwab by 5.7% in the 3rd quarter. Keystone Financial Services now owns 20,369 shares of the financial services provider’s stock valued at $1,945,000 after acquiring an additional 1,092 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Charles Schwab by 5.0% during the 3rd quarter. Invesco Ltd. now owns 15,941,021 shares of the financial services provider’s stock worth $1,521,889,000 after purchasing an additional 765,623 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 6,126 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $94.61, for a total transaction of $579,580.86. Following the completion of the sale, the insider directly owned 29,866 shares in the company, valued at $2,825,622.26. The trade was a 17.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Walter W. Bettinger sold 67,514 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $104.25, for a total transaction of $7,038,334.50. Following the completion of the sale, the chairman directly owned 529,346 shares of the company’s stock, valued at $55,184,320.50. The trade was a 11.31% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 415,568 shares of company stock worth $42,639,058. Company insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SCHW. UBS Group lifted their price objective on Charles Schwab from $123.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Morgan Stanley increased their target price on Charles Schwab from $139.00 to $148.00 and gave the stock an “overweight” rating in a research report on Monday, December 22nd. Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a research note on Monday, January 12th. Wolfe Research set a $120.00 price target on Charles Schwab in a report on Monday, January 12th. Finally, Citizens Jmp upped their price objective on shares of Charles Schwab from $110.00 to $120.00 and gave the company a “market outperform” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Charles Schwab currently has a consensus rating of “Moderate Buy” and an average target price of $115.95.

Charles Schwab Trading Down 1.6%

Shares of SCHW opened at $91.17 on Friday. The Charles Schwab Corporation has a twelve month low of $65.88 and a twelve month high of $107.50. The firm has a market capitalization of $159.75 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 0.75 and a beta of 0.93. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.52. The stock’s fifty day simple moving average is $99.14 and its 200 day simple moving average is $96.36.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.07. The firm had revenue of $6.34 billion during 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 quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, 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 company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, February 13th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.27. Charles Schwab’s dividend payout ratio (DPR) is presently 27.47%.

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.