Mirae Asset Global Investments Co. Ltd. Trims Stake in The Charles Schwab Corporation $SCHW

Mirae Asset Global Investments Co. Ltd. lowered its stake in The Charles Schwab Corporation (NYSE:SCHW) by 19.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 279,254 shares of the financial services provider’s stock after selling 67,447 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Charles Schwab were worth $26,660,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. ZWJ Investment Counsel Inc. grew its position in shares of Charles Schwab by 4.6% during the third quarter. ZWJ Investment Counsel Inc. now owns 2,390 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 106 shares in the last quarter. Bryn Mawr Trust Advisors LLC increased its position in Charles Schwab by 2.0% in the second quarter. Bryn Mawr Trust Advisors LLC now owns 5,489 shares of the financial services provider’s stock worth $501,000 after purchasing an additional 107 shares during the last quarter. Nicolet Bankshares Inc. increased its holdings in shares of Charles Schwab by 0.8% in the 2nd quarter. Nicolet Bankshares Inc. now owns 13,049 shares of the financial services provider’s stock worth $1,191,000 after buying an additional 107 shares during the last quarter. First PREMIER Bank increased its stake in Charles Schwab by 23.8% during the third quarter. First PREMIER Bank now owns 557 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 107 shares during the last quarter. Finally, Harfst & Associates Inc. lifted its position in Charles Schwab by 0.3% in the third quarter. Harfst & Associates Inc. now owns 33,724 shares of the financial services provider’s stock worth $3,220,000 after buying an additional 107 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan S. Beatty sold 3,072 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $98.00, for a total transaction of $301,056.00. Following the transaction, the insider owned 11,923 shares in the company, valued at $1,168,454. This trade represents a 20.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders sold 7,072 shares of company stock worth $715,076. Corporate insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Piper Sandler raised their price objective on shares of Charles Schwab from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $131.00 price objective on shares of Charles Schwab in a report on Thursday, January 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Charles Schwab in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods raised their price target on shares of Charles Schwab from $109.00 to $111.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $114.00 price objective on shares of Charles Schwab in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.65.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $103.42 on Friday. The Charles Schwab Corporation has a 52-week low of $65.88 and a 52-week high of $105.81. The stock has a market cap of $183.77 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 0.84 and a beta of 0.94. The business has a 50-day simple moving average of $98.76 and a 200-day simple moving average of $96.18. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.47.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. Charles Schwab had a net margin of 37.01% and a return on equity of 22.07%. The business had revenue of $6.34 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter last year, the company earned $1.01 EPS. The business’s revenue was up 18.9% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, equities analysts expect 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 will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, February 13th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.27. Charles Schwab’s payout ratio is currently 23.18%.

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.