Wilmington Savings Fund Society FSB Has $4.34 Million Stake in The Charles Schwab Corporation $SCHW

Wilmington Savings Fund Society FSB reduced its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 38.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,456 shares of the financial services provider’s stock after selling 28,377 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Charles Schwab were worth $4,340,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of Charles Schwab by 380.5% during the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock valued at $1,794,000 after acquiring an additional 19,195 shares during the period. Sivia Capital Partners LLC increased its position in Charles Schwab by 21.6% in the second quarter. Sivia Capital Partners LLC now owns 4,553 shares of the financial services provider’s stock worth $415,000 after purchasing an additional 809 shares during the period. United Bank raised its holdings in Charles Schwab by 7.1% during the 2nd quarter. United Bank now owns 16,053 shares of the financial services provider’s stock worth $1,465,000 after purchasing an additional 1,070 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings in Charles Schwab by 10.8% during the 2nd quarter. Kingsview Wealth Management LLC now owns 5,579 shares of the financial services provider’s stock worth $509,000 after purchasing an additional 544 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. lifted its position in Charles Schwab by 8.6% during the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 6,494 shares of the financial services provider’s stock valued at $593,000 after purchasing an additional 513 shares during the period. Institutional investors own 84.38% of the company’s stock.

Insider Activity

In related news, insider Paul V. Woolway sold 6,126 shares of Charles Schwab stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $94.61, for a total value of $579,580.86. Following the sale, the insider owned 29,866 shares of the company’s stock, valued at approximately $2,825,622.26. The trade was a 17.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dennis Howard sold 10,108 shares of the company’s stock in a transaction dated 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 owned 10,470 shares in the company, valued at $990,462. The trade was a 49.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 415,568 shares of company stock worth $42,639,058. 6.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays lifted their price target on shares of Charles Schwab from $125.00 to $126.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. Morgan Stanley increased their price objective on shares of Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a report on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Charles Schwab in a report on Thursday, January 22nd. Raymond James Financial reissued an “outperform” rating and issued a $114.00 price target on shares of Charles Schwab in a research note on Monday, January 5th. Finally, Truist Financial lifted their price objective on Charles Schwab from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.95.

Charles Schwab Trading Down 0.7%

SCHW opened at $93.23 on Thursday. The firm has a market cap of $163.35 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 0.76 and a beta of 0.93. The Charles Schwab Corporation has a twelve month low of $65.88 and a twelve month high of $107.50. 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 firm’s fifty day moving average is $98.41 and its two-hundred day moving average is $96.27.

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 firm had revenue of $6.34 billion for the quarter, compared to analyst estimates of $6.19 billion. Charles Schwab had a net margin of 37.01% and a return on equity of 21.97%. The business’s revenue was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Equities research analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date was 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 presently 27.47%.

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.