Trajan Wealth LLC Buys 25,358 Shares of The Charles Schwab Corporation $SCHW

Trajan Wealth LLC boosted its stake in The Charles Schwab Corporation (NYSE:SCHW) by 29.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 111,673 shares of the financial services provider’s stock after buying an additional 25,358 shares during the period. Trajan Wealth LLC’s holdings in Charles Schwab were worth $10,661,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. West Branch Capital LLC acquired a new stake in shares of Charles Schwab in the 3rd quarter valued at $27,000. Evelyn Partners Asset Management Ltd acquired a new position in Charles Schwab in the second quarter valued at about $33,000. Howard Hughes Medical Institute bought a new stake in Charles Schwab during the second quarter worth about $34,000. Redmont Wealth Advisors LLC bought a new stake in Charles Schwab during the third quarter worth about $34,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Charles Schwab during the second quarter worth approximately $36,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Price Performance

Charles Schwab stock opened at $93.97 on Monday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $166.98 billion, a P/E ratio of 20.17, a PEG ratio of 0.76 and a beta of 0.94. The business has a 50-day moving average of $100.57 and a 200-day moving average of $96.56. The Charles Schwab Corporation has a 1 year low of $65.88 and a 1 year high of $107.50.

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

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a $0.32 dividend. This is a positive change 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 dividend payout ratio (DPR) is presently 27.47%.

Insider Activity

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,000 shares of the stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $105.00, for a total value of $210,000.00. Following the completion of the sale, the insider directly owned 21,768 shares in the company, valued at $2,285,640. This represents a 8.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Walter W. Bettinger sold 67,514 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $104.25, for a total value of $7,038,334.50. Following the sale, the chairman directly owned 529,346 shares in the company, valued at approximately $55,184,320.50. This represents a 11.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 348,344 shares of company stock worth $36,259,555 in the last 90 days. Corporate insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Citizens Jmp raised their price target on Charles Schwab from $110.00 to $120.00 and gave the company a “market outperform” rating in a report on Monday, January 12th. Bank of America increased their target price on Charles Schwab from $88.00 to $91.00 and gave the stock an “underperform” rating in a report on Wednesday, December 10th. Wolfe Research set a $120.00 target price on Charles Schwab in a research note on Monday, January 12th. Piper Sandler lifted their price target on Charles Schwab from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Finally, Truist Financial upped 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. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.95.

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.