Rakuten Investment Management Inc. lifted its position in shares of The Charles Schwab Corporation (NYSE:SCHW – Free Report) by 949.8% in the fourth quarter, Holdings Channel reports. The firm owned 222,319 shares of the financial services provider’s stock after purchasing an additional 201,142 shares during the period. Rakuten Investment Management Inc.’s holdings in Charles Schwab were worth $22,523,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Dogwood Wealth Management LLC grew its holdings in shares of Charles Schwab by 99.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 123 shares during the period. Piscataqua Savings Bank purchased a new stake in shares of Charles Schwab during the 4th quarter worth about $26,000. GoalVest Advisory LLC purchased a new stake in shares of Charles Schwab during the 4th quarter worth about $28,000. Beacon Financial Strategies CORP purchased a new stake in shares of Charles Schwab during the 4th quarter worth about $29,000. Finally, Optima Capital LLC purchased a new stake in shares of Charles Schwab during the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have recently issued reports on SCHW. Weiss Ratings upgraded Charles Schwab from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. Argus set a $108.00 target price on Charles Schwab in a research report on Monday, April 20th. Truist Financial decreased their target price on Charles Schwab from $122.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Raymond James Financial upped their target price on Charles Schwab from $126.00 to $137.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Finally, Barclays upped their target price on Charles Schwab from $117.00 to $127.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Charles Schwab currently has a consensus rating of “Moderate Buy” and an average target price of $116.00.
Insider Activity at Charles Schwab
In related news, insider Nigel J. Murtagh sold 41,297 shares of the stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $99.00, for a total value of $4,088,403.00. Following the completion of the transaction, the insider owned 57,972 shares of the company’s stock, valued at approximately $5,739,228. This represents a 41.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul V. Woolway sold 7,942 shares of the stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $98.00, for a total value of $778,316.00. Following the completion of the transaction, the insider directly owned 29,866 shares of the company’s stock, valued at $2,926,868. This represents a 21.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 59,700 shares of company stock valued at $5,889,131. Insiders own 6.30% of the company’s stock.
Charles Schwab Trading Down 0.2%
Shares of SCHW opened at $90.94 on Tuesday. The company has a market capitalization of $158.16 billion, a P/E ratio of 18.04, a P/E/G ratio of 0.86 and a beta of 0.78. The Charles Schwab Corporation has a one year low of $83.96 and a one year high of $107.50. 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 stock has a 50-day moving average price of $90.99 and a 200 day moving average price of $95.29.
Charles Schwab (NYSE:SCHW – Get Free Report) last issued its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.04. The firm had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $6.39 billion. Charles Schwab had a return on equity of 23.05% and a net margin of 37.99%.Charles Schwab’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter 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. Sell-side analysts forecast that The Charles Schwab Corporation will post 6.13 EPS for the current fiscal year.
Charles Schwab Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were issued a $0.32 dividend. The ex-dividend date of this dividend was 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%.
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.
Featured Stories
- Five stocks we like better than Charles Schwab
- Can D-Wave Hold Its Own Against 2 Fast-Growing Rivals?
- 3 AI Stocks With Moats That Could Outlast Summer Volatility
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Corporation (NYSE:SCHW – Free Report).
Receive News & Ratings for Charles Schwab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charles Schwab and related companies with MarketBeat.com's FREE daily email newsletter.
