iA Global Asset Management Inc. Grows Stock Holdings in The Charles Schwab Corporation $SCHW

iA Global Asset Management Inc. grew its holdings in The Charles Schwab Corporation (NYSE:SCHWFree Report) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 106,033 shares of the financial services provider’s stock after acquiring an additional 8,819 shares during the period. iA Global Asset Management Inc.’s holdings in Charles Schwab were worth $10,594,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Dogwood Wealth Management LLC boosted its holdings in shares of Charles Schwab by 99.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 123 shares during the last quarter. Piscataqua Savings Bank purchased a new stake in shares of Charles Schwab in the 4th quarter valued at $26,000. GoalVest Advisory LLC purchased a new stake in shares of Charles Schwab in the 4th quarter valued at $28,000. Beacon Financial Strategies CORP purchased a new stake in shares of Charles Schwab in the 4th quarter valued at $29,000. Finally, Optima Capital LLC purchased a new stake in shares of Charles Schwab in the 4th quarter valued at $30,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of brokerages recently issued reports on SCHW. Truist Financial lowered their price target on shares of Charles Schwab from $122.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $128.00 price target on shares of Charles Schwab in a report on Friday. UBS Group lowered their price target on shares of Charles Schwab from $125.00 to $119.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. TD Cowen increased their price target on shares of Charles Schwab from $108.00 to $109.00 and gave the stock a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. increased their price target on shares of Charles Schwab from $128.00 to $131.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. One equities research 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.com, Charles Schwab currently has an average rating of “Moderate Buy” and an average target price of $114.24.

Check Out Our Latest Analysis on Charles Schwab

Charles Schwab Stock Performance

NYSE:SCHW opened at $90.87 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.62 and a current ratio of 0.62. The company has a fifty day moving average of $93.01 and a two-hundred day moving average of $95.97. The stock has a market capitalization of $158.04 billion, a PE ratio of 18.03, a P/E/G ratio of 0.71 and a beta of 0.80. The Charles Schwab Corporation has a fifty-two week low of $85.76 and a fifty-two week high of $107.50.

Charles Schwab (NYSE:SCHWGet Free Report) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.04. The company had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $6.39 billion. Charles Schwab had a net margin of 37.99% and a return on equity of 23.05%. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period 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. As a group, research analysts forecast that The Charles Schwab Corporation will post 6.01 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be given a dividend of $0.32 per share. The ex-dividend date 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%.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Dennis Howard sold 27,903 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were 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 approximately $994,859.40. This represents a 72.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frank C. Herringer sold 2,520 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $90.60, for a total transaction of $228,312.00. Following the transaction, the director owned 177,508 shares of the company’s stock, valued at $16,082,224.80. This represents a 1.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 126,924 shares of company stock valued at $12,268,634. Insiders own 6.30% of the company’s stock.

Charles Schwab Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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