M&G PLC Sells 23,374 Shares of The Charles Schwab Corporation $SCHW

M&G PLC decreased its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 20.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,474 shares of the financial services provider’s stock after selling 23,374 shares during the period. M&G PLC’s holdings in Charles Schwab were worth $8,690,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of SCHW. Princeton Global Asset Management LLC purchased a new position in shares of Charles Schwab during the 2nd quarter worth approximately $25,000. West Branch Capital LLC bought a new stake in shares of Charles Schwab during the third quarter valued at approximately $27,000. Mid American Wealth Advisory Group Inc. purchased a new stake in Charles Schwab in the second quarter worth $32,000. Evelyn Partners Asset Management Ltd bought a new position in Charles Schwab in the second quarter worth $33,000. Finally, Howard Hughes Medical Institute bought a new position in Charles Schwab in the second quarter worth $34,000. 84.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SCHW shares. UBS Group boosted their target price on shares of Charles Schwab from $123.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Piper Sandler upped 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. Raymond James Financial reaffirmed an “outperform” rating and set a $114.00 target price on shares of Charles Schwab in a research note on Monday, January 5th. Bank of America boosted their price target on Charles Schwab from $88.00 to $91.00 and gave the stock an “underperform” rating in a research report on Wednesday, December 10th. Finally, JPMorgan Chase & Co. upped their price target on Charles Schwab from $119.00 to $121.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.65.

Insiders Place Their Bets

In other news, General Counsel Peter J. Morgan III sold 7,595 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $104.38, for a total transaction of $792,766.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher V. Dodds sold 11,825 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $104.55, for a total transaction of $1,236,303.75. Following the completion of the sale, the director owned 449,406 shares in the company, valued at $46,985,397.30. This represents a 2.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 348,344 shares of company stock valued at $36,259,555 over the last quarter. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Trading Down 1.5%

NYSE:SCHW opened at $93.69 on Tuesday. The stock has a market cap of $166.47 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 0.76 and a beta of 0.94. 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’s 50 day moving average price is $100.71 and its 200-day moving average price is $96.63. The Charles Schwab Corporation has a 52 week low of $65.88 and a 52 week high of $107.50.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. Charles Schwab had a net margin of 37.01% and a return on equity of 22.07%. The company had revenue of $6.34 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same period in the previous year, the business earned $1.01 EPS. The firm’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. On average, equities research analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. 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 payout ratio is 27.47%.

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.