MGO One Seven LLC Buys 28,721 Shares of The Charles Schwab Corporation $SCHW

MGO One Seven LLC grew its stake in The Charles Schwab Corporation (NYSE:SCHW) by 52.6% during the fourth quarter, HoldingsChannel reports. The fund owned 83,354 shares of the financial services provider’s stock after acquiring an additional 28,721 shares during the quarter. MGO One Seven LLC’s holdings in Charles Schwab were worth $8,328,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SCHW. Piscataqua Savings Bank bought a new stake in Charles Schwab during the fourth quarter valued at about $26,000. GoalVest Advisory LLC bought a new position in Charles Schwab in the fourth quarter worth about $28,000. Beacon Financial Strategies CORP bought a new position in Charles Schwab in the fourth quarter worth about $29,000. Optima Capital LLC purchased a new stake in shares of Charles Schwab during the fourth quarter valued at about $30,000. Finally, McIlrath & Eck LLC boosted its holdings in shares of Charles Schwab by 143.2% in the 4th quarter. McIlrath & Eck LLC now owns 321 shares of the financial services provider’s stock valued at $32,000 after buying an additional 189 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

SCHW has been the topic of a number of analyst reports. Piper Sandler lifted their price objective on shares of Charles Schwab from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a research report on Monday, January 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $127.00 target price on shares of Charles Schwab in a research note on Friday, April 17th. Citizens Jmp upped their price target on Charles Schwab from $110.00 to $120.00 and gave the stock a “market outperform” rating in a research report on Monday, January 12th. Finally, Jefferies Financial Group decreased their price objective on Charles Schwab from $122.00 to $118.00 and set a “buy” rating for the company in a report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Charles Schwab currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.00.

Insider Activity at Charles Schwab

In related news, insider Paul V. Woolway sold 7,941 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $100.00, for a total value of $794,100.00. Following the transaction, the insider directly owned 29,866 shares of the company’s stock, valued at $2,986,600. This represents a 21.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank C. Herringer sold 2,520 shares of Charles Schwab stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $90.60, for a total value of $228,312.00. Following the sale, the director directly owned 177,508 shares of the company’s stock, valued at approximately $16,082,224.80. This represents a 1.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 126,924 shares of company stock valued at $12,268,634 over the last three months. 6.30% of the stock is owned by corporate insiders.

Charles Schwab Stock Performance

SCHW opened at $88.52 on Friday. The company has a market cap of $153.85 billion, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 0.70 and a beta of 0.80. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.52. The firm’s 50-day moving average price is $93.75 and its 200-day moving average price is $96.18. The Charles Schwab Corporation has a 52-week low of $83.62 and a 52-week high of $107.50.

Charles Schwab (NYSE:SCHW) last released its earnings results on Thursday, April 16th. The financial services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.04. Charles Schwab had a net margin of 37.99% and a return on equity of 23.03%. The company had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter in the previous year, the firm earned $1.04 EPS. Charles Schwab’s revenue was up 15.8% compared to the same quarter last year. 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 EPS for the current fiscal year.

Charles Schwab Announces Dividend

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

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.