The Charles Schwab Corporation $SCHW Position Boosted by Invesco Ltd.

Invesco Ltd. increased its position in The Charles Schwab Corporation (NYSE:SCHW) by 5.0% in the third quarter, Holdings Channel reports. The firm owned 15,941,021 shares of the financial services provider’s stock after purchasing an additional 765,623 shares during the quarter. Invesco Ltd.’s holdings in Charles Schwab were worth $1,521,889,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. lifted its stake in Charles Schwab by 2,112.7% during the second quarter. Federated Hermes Inc. now owns 181,793 shares of the financial services provider’s stock worth $16,587,000 after purchasing an additional 173,577 shares during the last quarter. First National Trust Co increased its stake in Charles Schwab by 82.2% during the third quarter. First National Trust Co now owns 89,224 shares of the financial services provider’s stock valued at $8,518,000 after purchasing an additional 40,257 shares during the last quarter. AE Wealth Management LLC increased its stake in Charles Schwab by 131.0% during the third quarter. AE Wealth Management LLC now owns 99,832 shares of the financial services provider’s stock valued at $9,531,000 after purchasing an additional 56,609 shares during the last quarter. W.H. Cornerstone Investments Inc. acquired a new stake in shares of Charles Schwab during the second quarter worth $246,000. Finally, Optimize Financial Inc acquired a new stake in shares of Charles Schwab during the third quarter worth $467,000. 84.38% of the stock is owned by institutional investors.

Insider Buying and Selling at Charles Schwab

In other news, insider Dennis Howard sold 27,903 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $95.02, for a total transaction of $2,651,343.06. Following the completion of the transaction, the insider directly owned 10,470 shares in the company, valued at approximately $994,859.40. The trade was a 72.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paul V. Woolway sold 15,884 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $95.12, for a total value of $1,510,886.08. Following the completion of the sale, the insider owned 35,992 shares in the company, valued at approximately $3,423,559.04. This represents a 30.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 415,568 shares of company stock valued at $42,639,058. 6.30% of the stock is currently owned by insiders.

Charles Schwab Stock Down 1.6%

Charles Schwab stock opened at $91.17 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.62 and a current ratio of 0.62. The Charles Schwab Corporation has a one year low of $65.88 and a one year high of $107.50. The company has a 50-day simple moving average of $99.14 and a 200-day simple moving average of $96.36. The firm has a market capitalization of $159.75 billion, a P/E ratio of 19.57, a P/E/G ratio of 0.75 and a beta of 0.93.

Charles Schwab (NYSE:SCHW) last issued 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. The firm 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 21.97%. Charles Schwab’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period last year, the firm posted $1.01 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, equities analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were 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%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, February 13th. Charles Schwab’s dividend payout ratio is presently 27.47%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. UBS Group lifted their price target 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. Wolfe Research set a $120.00 price objective on shares of Charles Schwab in a research note on Monday, January 12th. Raymond James Financial reissued an “outperform” rating and issued a $114.00 target price on shares of Charles Schwab in a report on Monday, January 5th. Barclays lifted their target price on Charles Schwab from $125.00 to $126.00 and gave the company an “overweight” rating in a research note on Monday, January 26th. Finally, Citizens Jmp upped their target price on Charles Schwab from $110.00 to $120.00 and gave the company a “market outperform” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.95.

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.