Cornerstone Advisors LLC Lowers Stock Position in The Charles Schwab Corporation $SCHW

Cornerstone Advisors LLC lessened its stake in The Charles Schwab Corporation (NYSE:SCHW) by 10.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,400 shares of the financial services provider’s stock after selling 13,400 shares during the period. Cornerstone Advisors LLC’s holdings in Charles Schwab were worth $11,399,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Princeton Global Asset Management LLC purchased a new position in shares of Charles Schwab in the 2nd quarter worth about $25,000. West Branch Capital LLC purchased a new stake in Charles Schwab in the third quarter worth approximately $27,000. Redmont Wealth Advisors LLC bought a new position in Charles Schwab during the third quarter valued at approximately $34,000. Evelyn Partners Asset Management Ltd bought a new stake in Charles Schwab in the second quarter worth $33,000. Finally, Howard Hughes Medical Institute bought a new position in shares of Charles Schwab during the second quarter valued at about $34,000. 84.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SCHW shares. Bank of America increased their target price on Charles Schwab from $88.00 to $91.00 and gave the company an “underperform” rating in a report on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Charles Schwab in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $131.00 price target on shares of Charles Schwab in a research report on Thursday, January 22nd. Citigroup restated a “market outperform” rating on shares of Charles Schwab in a research report on Monday, January 12th. Finally, Piper Sandler increased their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $115.95.

Charles Schwab Trading Up 2.7%

SCHW opened at $95.55 on Thursday. 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 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 $169.79 billion, a PE ratio of 20.50, a PEG ratio of 0.75 and a beta of 0.94. The business has a 50 day moving average of $100.68 and a 200-day moving average of $96.60.

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

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, February 13th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.27. Charles Schwab’s dividend payout ratio (DPR) is currently 27.47%.

Insider Buying and Selling

In other Charles Schwab news, Director Christopher V. Dodds sold 11,825 shares of Charles Schwab stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $104.55, for a total value of $1,236,303.75. Following the completion of the transaction, the director directly owned 449,406 shares of the company’s stock, valued at approximately $46,985,397.30. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Peter J. Morgan III sold 7,595 shares of the firm’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 disclosure for this sale is available in the SEC filing. Insiders sold 348,344 shares of company stock worth $36,259,555 in the last 90 days. 6.30% of the stock is owned by company insiders.

Charles Schwab Company 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.