Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stake in The Charles Schwab Corporation $SCHW

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of The Charles Schwab Corporation (NYSE:SCHWFree Report) by 3.9% in the 4th quarter, Holdings Channel reports. The firm owned 3,565,663 shares of the financial services provider’s stock after acquiring an additional 134,446 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Charles Schwab were worth $362,164,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. First National Trust Co grew its holdings in Charles Schwab by 82.2% in the 3rd quarter. First National Trust Co now owns 89,224 shares of the financial services provider’s stock worth $8,518,000 after acquiring an additional 40,257 shares during the last quarter. Brookwood Investment Group LLC increased its position in Charles Schwab by 192.6% during the 4th quarter. Brookwood Investment Group LLC now owns 12,236 shares of the financial services provider’s stock valued at $1,222,000 after purchasing an additional 8,054 shares during the period. AE Wealth Management LLC increased its position in shares of 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 buying an additional 56,609 shares during the period. Optimize Financial Inc bought a new position in Charles Schwab in the third quarter worth $467,000. Finally, Nordea Investment Management AB increased its stake in shares of Charles Schwab by 11.2% in the 3rd quarter. Nordea Investment Management AB now owns 3,040,864 shares of the financial services provider’s stock worth $291,436,000 after acquiring an additional 305,904 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Activity at Charles Schwab

In other news, insider Dennis Howard sold 10,108 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $94.60, for a total value of $956,216.80. Following the completion of the sale, the insider directly owned 10,470 shares of the company’s stock, valued at $990,462. This represents a 49.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frank C. Herringer sold 2,520 shares of Charles Schwab stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $90.60, for a total transaction of $228,312.00. Following the transaction, the director owned 177,508 shares in the company, valued at approximately $16,082,224.80. This trade represents a 1.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 206,263 shares of company stock worth $20,543,272 in the last 90 days. Insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $127.00 price target on shares of Charles Schwab in a research note on Friday, April 17th. TD Cowen restated a “buy” rating on shares of Charles Schwab in a report on Thursday, April 9th. Citizens Jmp upped their price objective on Charles Schwab from $110.00 to $120.00 and gave the company a “market outperform” rating in a research report on Monday, January 12th. Truist Financial cut their target price on Charles Schwab from $122.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Finally, Wolfe Research set a $120.00 target price on Charles Schwab in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.00.

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Trending Headlines about Charles Schwab

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Charles Schwab Trading Up 1.0%

Shares of Charles Schwab stock opened at $92.40 on Wednesday. The Charles Schwab Corporation has a 1-year low of $82.40 and a 1-year high of $107.50. The company’s fifty day simple moving average is $93.84 and its 200-day simple moving average is $96.22. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market capitalization of $160.61 billion, a PE ratio of 18.33, a P/E/G ratio of 0.72 and a beta of 0.80.

Charles Schwab (NYSE:SCHWGet Free Report) last announced its earnings results on Thursday, April 16th. The financial services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.04. The company had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $6.39 billion. Charles Schwab had a return on equity of 23.03% and a net margin of 37.99%.Charles Schwab’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the firm earned $1.04 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, equities analysts anticipate that The Charles Schwab Corporation will post 5.99 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 8th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 8th. Charles Schwab’s dividend payout ratio is currently 25.40%.

Charles Schwab Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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