The Charles Schwab Corporation $SCHW Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC boosted its stake in The Charles Schwab Corporation (NYSE:SCHW) by 11.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 397,747 shares of the financial services provider’s stock after acquiring an additional 39,509 shares during the period. HighTower Advisors LLC’s holdings in Charles Schwab were worth $37,973,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Princeton Global Asset Management LLC acquired a new stake in Charles Schwab in the second quarter valued at $25,000. West Branch Capital LLC acquired a new stake in Charles Schwab in the 3rd quarter valued at about $27,000. Mid American Wealth Advisory Group Inc. purchased a new position in Charles Schwab during the 2nd quarter valued at about $32,000. Evelyn Partners Asset Management Ltd acquired a new position in Charles Schwab during the second quarter worth about $33,000. Finally, Howard Hughes Medical Institute acquired a new stake in shares of Charles Schwab in the second quarter valued at approximately $34,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 7,595 shares of Charles Schwab stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $104.38, for a total value of $792,766.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christopher V. Dodds sold 11,825 shares of Charles Schwab stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $104.55, for a total transaction of $1,236,303.75. Following the completion of the transaction, the director directly owned 449,406 shares in the company, valued at approximately $46,985,397.30. This trade represents a 2.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 348,344 shares of company stock worth $36,259,555. 6.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SCHW has been the subject of several analyst reports. Piper Sandler boosted their target price on shares of Charles Schwab from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Bank of America lifted their target price 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. Citigroup reiterated a “market outperform” rating on shares of Charles Schwab in a report on Monday, January 12th. TD Cowen raised their price objective on Charles Schwab from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Citizens Jmp upped their target price on Charles Schwab from $110.00 to $120.00 and gave the company a “market outperform” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Charles Schwab currently has a consensus rating of “Moderate Buy” and an average target price of $115.95.

Charles Schwab Stock Down 0.8%

SCHW stock opened at $92.97 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.47. The firm has a 50 day simple moving average of $100.69 and a 200-day simple moving average of $96.61. The company has a market capitalization of $165.20 billion, a P/E ratio of 19.95, a PEG ratio of 0.76 and a beta of 0.94. The Charles Schwab Corporation has a twelve month low of $65.88 and a twelve month high of $107.50.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data 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 business had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $6.19 billion. Charles Schwab had a net margin of 37.01% and a return on equity of 22.07%. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.01 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, equities research analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.4%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, February 13th. 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.