Versor Investments LP Acquires New Shares in The Charles Schwab Corporation $SCHW

Versor Investments LP acquired a new position in The Charles Schwab Corporation (NYSE:SCHW) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 5,500 shares of the financial services provider’s stock, valued at approximately $525,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its position in Charles Schwab by 380.5% during the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock valued at $1,794,000 after purchasing an additional 19,195 shares during the period. Sivia Capital Partners LLC grew its position in Charles Schwab by 21.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,553 shares of the financial services provider’s stock worth $415,000 after purchasing an additional 809 shares during the period. Concurrent Investment Advisors LLC raised its stake in Charles Schwab by 18.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 18,168 shares of the financial services provider’s stock valued at $1,658,000 after buying an additional 2,780 shares during the last quarter. Vest Financial LLC raised its stake in Charles Schwab by 42.2% during the 2nd quarter. Vest Financial LLC now owns 21,112 shares of the financial services provider’s stock valued at $1,926,000 after buying an additional 6,267 shares during the last quarter. Finally, Cornerstone Wealth Group LLC lifted its holdings in shares of Charles Schwab by 22.4% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 3,297 shares of the financial services provider’s stock valued at $301,000 after buying an additional 604 shares during the period. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Down 3.7%

NYSE SCHW opened at $95.54 on Thursday. The Charles Schwab Corporation has a 52 week low of $65.88 and a 52 week high of $107.50. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $169.76 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 0.80 and a beta of 0.94. The stock’s 50-day moving average price is $100.73 and its 200-day moving average price is $96.72.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data 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. Charles Schwab had a return on equity of 22.07% and a net margin of 37.01%.The company had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the previous year, the company posted $1.01 EPS. The firm’s revenue was up 18.9% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, equities research analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, February 13th. Charles Schwab’s dividend payout ratio is currently 23.18%.

Insider Activity

In related news, Director Christopher V. Dodds sold 11,825 shares of Charles Schwab stock in a transaction on Friday, February 6th. The shares were sold at an average price of $104.55, for a total transaction of $1,236,303.75. Following the transaction, the director owned 449,406 shares in the company, valued at approximately $46,985,397.30. The trade was a 2.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Peter J. Morgan III sold 7,595 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $104.38, for a total value of $792,766.10. The disclosure for this sale is available in the SEC filing. Insiders have sold 348,344 shares of company stock valued at $36,259,555 over the last 90 days. Company insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on SCHW shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $114.00 price objective on shares of Charles Schwab in a report on Friday, October 17th. Raymond James Financial reissued an “outperform” rating and issued a $114.00 target price on shares of Charles Schwab in a report on Monday, January 5th. Morgan Stanley boosted their price target on Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, December 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $131.00 price target on shares of Charles Schwab in a research report on Thursday, January 22nd. Finally, Piper Sandler raised their price objective on shares of Charles Schwab from $100.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.65.

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.