Venture Visionary Partners LLC grew its position in The Charles Schwab Corporation (NYSE:SCHW – Free Report) by 105.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,129 shares of the financial services provider’s stock after purchasing an additional 9,836 shares during the quarter. Venture Visionary Partners LLC’s holdings in Charles Schwab were worth $1,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of SCHW. Dogwood Wealth Management LLC boosted its position in shares of Charles Schwab by 99.2% in the fourth 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 bought a new position in shares of Charles Schwab in the fourth quarter worth approximately $26,000. GoalVest Advisory LLC bought a new position in shares of Charles Schwab in the fourth quarter worth approximately $28,000. Beacon Financial Strategies CORP bought a new position in shares of Charles Schwab in the fourth quarter worth approximately $29,000. Finally, Optima Capital LLC bought a new position in shares of Charles Schwab in the fourth quarter worth approximately $30,000. 84.38% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on SCHW shares. UBS Group dropped their target price on shares of Charles Schwab from $125.00 to $119.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. JPMorgan Chase & Co. upped their target price on shares of Charles Schwab from $128.00 to $131.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. TD Cowen upped their target price on shares of Charles Schwab from $108.00 to $109.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Keefe, Bruyette & Woods started coverage on shares of Charles Schwab in a research report on Wednesday, April 8th. They set an “outperform” rating and a $110.00 target price for the company. Finally, Truist Financial dropped their target price on shares of Charles Schwab from $122.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.00.
Charles Schwab News Summary
Here are the key news stories impacting Charles Schwab this week:
- Positive Sentiment: May client assets rose to $13.14 trillion, while core net new assets jumped 43% and new brokerage accounts increased, signaling healthy demand and stronger asset inflows. Schwab Stock Gains 2.7% as Client Assets, NNA Surge in May
- Positive Sentiment: Another update noted core net new assets rose 49% year over year in May, reinforcing the view that Schwab’s growth engine is recovering. Charles Schwab’s core net new assets rise 49% Y/Y in May
- Positive Sentiment: Analyst commentary continues to frame SCHW as an attractive value stock, which may be helping sentiment around the shares. Here’s Why The Charles Schwab (SCHW) Is One of the Best Bargain Stocks to Buy in June
- Neutral Sentiment: Charles Schwab’s Liz Ann Sonders appeared in a CNBC interview, but the item is media coverage rather than a material company update. Watch CNBC’s full interview with Neuberger Berman’s Jeff Blazek and Charles Schwab’s Liz Ann Sonders
- Neutral Sentiment: Reports that Schwab is expanding office space in Maitland, Florida point to ongoing investment in operations, but the stock impact is likely limited in the near term. Charles Schwab Keeps Gobbling Up Maitland Campus in Big Orlando Expansion Play
- Neutral Sentiment: Schwab is also preparing expansion plans in Maitland, which suggests continued growth investment but does not directly change earnings expectations right away. Charles Schwab preps expansion plans in Maitland
- Negative Sentiment: One valuation-focused article noted the stock’s recent momentum has cooled and that SCHW remains down year to date, which may temper some enthusiasm despite the recent bounce. Charles Schwab (SCHW) Stock Valuation Check After Recent Momentum Cooldown
Charles Schwab Price Performance
Shares of NYSE:SCHW opened at $90.94 on Tuesday. The firm has a market cap of $158.16 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 0.86 and a beta of 0.78. The firm has a fifty day moving average price of $90.99 and a 200 day moving average price of $95.29. 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 Charles Schwab Corporation has a fifty-two week low of $83.96 and a fifty-two week high of $107.50.
Charles Schwab (NYSE:SCHW – Get Free Report) last released its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.04. The company had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $6.39 billion. Charles Schwab had a net margin of 37.99% and a return on equity of 23.05%. Charles Schwab’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, sell-side analysts expect that The Charles Schwab Corporation will post 6.13 earnings per share for the current fiscal year.
Charles Schwab Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a dividend of $0.32 per share. 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 presently 25.40%.
Insider Activity at Charles Schwab
In related news, insider Paul V. Woolway sold 7,941 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $100.00, for a total transaction of $794,100.00. Following the sale, the insider owned 29,866 shares of the company’s stock, valued at $2,986,600. This represents a 21.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nigel J. Murtagh sold 41,297 shares of the company’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $99.00, for a total transaction of $4,088,403.00. Following the sale, the insider directly owned 57,972 shares in the company, valued at approximately $5,739,228. The trade was a 41.60% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 59,700 shares of company stock valued at $5,889,131 over the last 90 days. 6.30% of the stock is owned by corporate insiders.
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.
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