Puzo Michael J Has $2.28 Million Stake in The Charles Schwab Corporation $SCHW

Puzo Michael J raised its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 34.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 23,903 shares of the financial services provider’s stock after acquiring an additional 6,125 shares during the quarter. Puzo Michael J’s holdings in Charles Schwab were worth $2,282,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. West Branch Capital LLC bought a new stake in shares of Charles Schwab in the 3rd quarter worth approximately $27,000. Redmont Wealth Advisors LLC bought a new position in Charles Schwab in the third quarter worth $34,000. Evelyn Partners Asset Management Ltd bought a new position in Charles Schwab in the second quarter worth $33,000. Howard Hughes Medical Institute acquired a new stake in Charles Schwab during the second quarter worth $34,000. Finally, Steph & Co. increased its holdings in Charles Schwab by 74.7% in the 3rd quarter. Steph & Co. now owns 386 shares of the financial services provider’s stock valued at $37,000 after buying an additional 165 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SCHW has been the subject of a number of analyst reports. Piper Sandler raised 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. Citigroup reaffirmed a “market outperform” rating on shares of Charles Schwab in a report on Monday, January 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $131.00 target price on shares of Charles Schwab in a report on Thursday, January 22nd. Morgan Stanley boosted their price target on Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, December 22nd. Finally, TD Cowen upped their price target on Charles Schwab from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. One research 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 issued a Sell rating to the company. According to data from MarketBeat, Charles Schwab currently has an average rating of “Moderate Buy” and an average price target of $115.95.

Charles Schwab Stock Performance

Shares of NYSE:SCHW opened at $93.85 on Friday. The business has a fifty day moving average of $100.62 and a 200-day moving average of $96.58. The firm has a market cap of $166.77 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.58 and a current ratio of 0.58. The Charles Schwab Corporation has a twelve month low of $65.88 and a twelve month high of $107.50.

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

Charles Schwab Increases Dividend

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

Insider Transactions at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 67,514 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $104.25, for a total transaction of $7,038,334.50. Following the completion of the sale, the chairman directly owned 529,346 shares of the company’s stock, valued at approximately $55,184,320.50. The trade was a 11.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christopher V. Dodds sold 11,825 shares of the stock in a transaction that occurred on 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 owned 449,406 shares in the company, valued at $46,985,397.30. This represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 348,344 shares of company stock worth $36,259,555. 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.