The Charles Schwab Corporation $SCHW Stock Holdings Increased by King Luther Capital Management Corp

King Luther Capital Management Corp boosted its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 34.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 296,409 shares of the financial services provider’s stock after purchasing an additional 75,820 shares during the period. King Luther Capital Management Corp’s holdings in Charles Schwab were worth $28,298,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SCHW. Brighton Jones LLC grew its holdings in shares of Charles Schwab by 380.5% in the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock worth $1,794,000 after acquiring an additional 19,195 shares during the last quarter. Sivia Capital Partners LLC increased its stake in Charles Schwab by 21.6% in the 2nd 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 in the last quarter. United Bank increased its stake in Charles Schwab by 7.1% in 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 in the last quarter. Princeton Global Asset Management LLC acquired a new stake in Charles Schwab during the 2nd quarter worth about $25,000. Finally, Phoenix Financial Ltd. lifted its stake in Charles Schwab by 21.2% during the second quarter. Phoenix Financial Ltd. now owns 5,819 shares of the financial services provider’s stock valued at $530,000 after buying an additional 1,019 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Up 2.7%

Charles Schwab stock opened at $95.55 on Thursday. The company has a market capitalization of $169.79 billion, a P/E ratio of 20.50, a P/E/G ratio of 0.75 and a beta of 0.94. The Charles Schwab Corporation has a 1-year low of $65.88 and a 1-year high of $107.50. The firm’s fifty day simple moving average is $100.68 and its 200-day simple moving average is $96.60. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.47.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.07. The company had revenue of $6.34 billion for the quarter, compared to analyst estimates of $6.19 billion. Charles Schwab had a return on equity of 22.07% and a net margin of 37.01%.The business’s revenue was up 18.9% compared to the same quarter last year. During the same period last year, the company earned $1.01 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Sell-side analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 13th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.27. This represents a $1.28 dividend on an annualized basis and a yield of 1.3%. Charles Schwab’s dividend payout ratio (DPR) is currently 27.47%.

Analyst Ratings Changes

Several research firms have recently weighed in on SCHW. Morgan Stanley lifted their target price on shares of Charles Schwab from $139.00 to $148.00 and gave the stock an “overweight” rating in a research report on Monday, December 22nd. Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a research note on Monday, January 12th. UBS Group raised their target price on Charles Schwab from $123.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Charles Schwab in a research report on Thursday, January 22nd. Finally, Wolfe Research set a $120.00 price objective on Charles Schwab in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $115.95.

Insider Buying and Selling

In related news, Director Christopher V. Dodds sold 11,825 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $104.55, for a total value of $1,236,303.75. Following 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Walter W. Bettinger sold 162,462 shares of the business’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $103.90, for a total transaction of $16,879,801.80. Following the transaction, the chairman directly owned 529,346 shares of the company’s stock, valued at approximately $54,999,049.40. This represents a 23.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 348,344 shares of company stock worth $36,259,555. 6.30% of the stock is currently owned by company insiders.

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.