Vest Financial LLC Has $2.72 Million Stock Holdings in The Charles Schwab Corporation $SCHW

Vest Financial LLC raised its stake in The Charles Schwab Corporation (NYSE:SCHW) by 35.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,502 shares of the financial services provider’s stock after purchasing an additional 7,390 shares during the period. Vest Financial LLC’s holdings in Charles Schwab were worth $2,721,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Federated Hermes Inc. raised its stake in shares of Charles Schwab by 2,112.7% in the second quarter. Federated Hermes Inc. now owns 181,793 shares of the financial services provider’s stock worth $16,587,000 after purchasing an additional 173,577 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Charles Schwab by 26.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 190,538 shares of the financial services provider’s stock worth $17,387,000 after buying an additional 40,275 shares in the last quarter. Figure 8 Investment Strategies LLC purchased a new stake in Charles Schwab in the 2nd quarter valued at $924,000. PFG Investments LLC raised its position in Charles Schwab by 10.2% in the 2nd quarter. PFG Investments LLC now owns 5,951 shares of the financial services provider’s stock valued at $543,000 after buying an additional 550 shares during the last quarter. Finally, W.H. Cornerstone Investments Inc. bought a new position in Charles Schwab during the 2nd quarter valued at $246,000. 84.38% of the stock is owned by institutional investors.

Charles Schwab Trading Up 2.2%

Shares of SCHW stock opened at $104.07 on Friday. 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 firm has a market cap of $184.93 billion, a P/E ratio of 22.33, a PEG ratio of 0.69 and a beta of 0.94. The company has a 50 day moving average of $97.68 and a 200-day moving average of $95.81. The Charles Schwab Corporation has a 12-month low of $65.88 and a 12-month high of $105.81.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.32 by $0.07. Charles Schwab had a return on equity of 22.07% and a net margin of 37.01%.The business had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the prior year, the business earned $1.01 earnings per share. Charles Schwab’s revenue for the quarter was up 18.9% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Sell-side analysts anticipate that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

SCHW has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $131.00 target price on shares of Charles Schwab in a research note on Thursday. Barclays upped their price objective on shares of Charles Schwab from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday. The Goldman Sachs Group reissued a “buy” rating and set a $114.00 target price on shares of Charles Schwab in a research report on Friday, October 17th. Morgan Stanley upped their target price on Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a report on Monday, December 22nd. Finally, Piper Sandler increased their price target on Charles Schwab from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.60.

Insider Activity at Charles Schwab

In other news, insider Jonathan S. Beatty sold 3,072 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $98.00, for a total transaction of $301,056.00. Following the completion of the transaction, the insider owned 11,923 shares in the company, valued at approximately $1,168,454. This represents a 20.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.30% of the stock is owned by corporate insiders.

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.