Elevation Point Wealth Partners LLC Has $1.63 Million Stake in The Charles Schwab Corporation $SCHW

Elevation Point Wealth Partners LLC lowered its stake in The Charles Schwab Corporation (NYSE:SCHW) by 48.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,118 shares of the financial services provider’s stock after selling 16,408 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Charles Schwab were worth $1,634,000 at the end of the most recent quarter.

Several other institutional investors 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 shares of Charles Schwab during the second quarter valued at $33,000. Howard Hughes Medical Institute bought a new position in Charles Schwab in the second quarter valued at about $34,000. Redmont Wealth Advisors LLC bought a new position in Charles Schwab in the third quarter valued at about $34,000. Finally, Newbridge Financial Services Group Inc. increased its position in Charles Schwab by 233.6% in the third quarter. Newbridge Financial Services Group Inc. now owns 357 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 250 shares during the period. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In related news, insider Paul V. Woolway sold 6,126 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $94.61, for a total value of $579,580.86. Following the completion of the sale, the insider owned 29,866 shares in the company, valued at $2,825,622.26. This represents a 17.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dennis Howard sold 10,108 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $94.60, for a total value of $956,216.80. Following the sale, the insider directly owned 10,470 shares in the company, valued at $990,462. The trade was a 49.12% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 415,568 shares of company stock valued at $42,639,058. 6.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Citizens Jmp boosted their price objective on Charles Schwab from $110.00 to $120.00 and gave the stock a “market outperform” rating in a report on Monday, January 12th. Morgan Stanley raised their target price on shares of Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, December 22nd. Bank of America boosted their price target on shares of Charles Schwab from $88.00 to $91.00 and gave the stock an “underperform” rating in a research note on Wednesday, December 10th. TD Cowen increased their price objective on shares of Charles Schwab from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, Truist Financial raised their price objective on shares of Charles Schwab from $120.00 to $122.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $115.95.

Charles Schwab Price Performance

Shares of SCHW opened at $93.11 on Monday. The stock has a market cap of $163.15 billion, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 0.75 and a beta of 0.93. The Charles Schwab Corporation has a 1 year low of $65.88 and a 1 year high of $107.50. The stock’s 50-day moving average price is $98.97 and its two-hundred day moving average price is $96.33. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.52.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.07. The company 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 21.97% and a net margin of 37.01%.Charles Schwab’s revenue was up 18.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, equities analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

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

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.