Cercano Management LLC Has $37.25 Million Stock Position in The Charles Schwab Corporation $SCHW

Cercano Management LLC lowered its stake in The Charles Schwab Corporation (NYSE:SCHW) by 47.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 390,217 shares of the financial services provider’s stock after selling 350,050 shares during the quarter. Charles Schwab comprises approximately 1.4% of Cercano Management LLC’s investment portfolio, making the stock its 12th biggest holding. Cercano Management LLC’s holdings in Charles Schwab were worth $37,254,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Princeton Global Asset Management LLC acquired a new stake in shares of Charles Schwab in the 2nd quarter valued at about $25,000. West Branch Capital LLC bought a new position in shares of Charles Schwab during the third quarter worth about $27,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Charles Schwab in the 2nd quarter valued at approximately $32,000. Evelyn Partners Asset Management Ltd bought a new stake in Charles Schwab in the 2nd quarter valued at approximately $33,000. Finally, Howard Hughes Medical Institute acquired a new position in Charles Schwab during the 2nd quarter worth approximately $34,000. Institutional investors own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. UBS Group lifted their price objective 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $131.00 target price on shares of Charles Schwab in a research report on Thursday, January 22nd. Truist Financial boosted their price target on shares of Charles Schwab from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Charles Schwab in a report on Thursday, January 22nd. Finally, TD Cowen upped their target price on Charles Schwab from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $115.95.

Charles Schwab Stock Down 0.8%

Shares of SCHW stock opened at $92.97 on Wednesday. The Charles Schwab Corporation has a 52-week low of $65.88 and a 52-week high of $107.50. The stock has a market cap of $165.20 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 0.76 and a beta of 0.94. The firm’s 50-day moving average is $100.69 and its 200-day moving average is $96.61. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.58 and a current ratio of 0.58.

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

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, February 13th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.27. Charles Schwab’s payout ratio is presently 27.47%.

Insiders Place Their Bets

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

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.