Thornburg Investment Management Inc. Sells 57,869 Shares of The Charles Schwab Corporation $SCHW

Thornburg Investment Management Inc. trimmed its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 7.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 756,005 shares of the financial services provider’s stock after selling 57,869 shares during the period. Charles Schwab accounts for about 0.9% of Thornburg Investment Management Inc.’s investment portfolio, making the stock its 24th biggest holding. Thornburg Investment Management Inc.’s holdings in Charles Schwab were worth $72,176,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Primecap Management Co. CA lifted its stake in shares of Charles Schwab by 11.4% in the 3rd quarter. Primecap Management Co. CA now owns 21,209,187 shares of the financial services provider’s stock valued at $2,024,841,000 after purchasing an additional 2,174,381 shares during the period. Intech Investment Management LLC grew its stake in shares of Charles Schwab by 154.0% during the third quarter. Intech Investment Management LLC now owns 302,036 shares of the financial services provider’s stock worth $28,835,000 after purchasing an additional 183,122 shares during the period. Catalyst Financial Partners LLC increased its holdings in Charles Schwab by 3.6% in the third quarter. Catalyst Financial Partners LLC now owns 13,505 shares of the financial services provider’s stock valued at $1,289,000 after purchasing an additional 466 shares during the last quarter. Empirical Asset Management LLC acquired a new position in Charles Schwab in the third quarter valued at about $2,547,000. Finally, Fox Run Management L.L.C. bought a new position in Charles Schwab during the third quarter worth about $374,000. 84.38% of the stock is owned by institutional investors.

Charles Schwab Stock Performance

SCHW opened at $95.31 on Thursday. The company has a market capitalization of $169.36 billion, a price-to-earnings ratio of 20.45, a P/E/G ratio of 0.75 and a beta of 0.94. The business’s 50-day moving average price is $100.43 and its two-hundred day moving average price is $96.50. The Charles Schwab Corporation has a 1 year low of $65.88 and a 1 year high of $107.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.58.

Charles Schwab (NYSE:SCHW) last released its earnings results on Wednesday, January 21st. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.32 by $0.07. Charles Schwab had a return on equity of 22.07% and a net margin of 37.01%.Charles Schwab’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Equities analysts expect that The Charles Schwab Corporation will post 4.22 EPS 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 paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, February 13th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.27. Charles Schwab’s dividend payout ratio (DPR) is presently 27.47%.

Insider Buying and Selling at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 7,595 shares of the firm’s stock in a transaction dated 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 Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Walter W. Bettinger sold 67,514 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $104.25, for a total value of $7,038,334.50. Following the sale, the chairman owned 529,346 shares in the company, valued at $55,184,320.50. The trade was a 11.31% decrease in their position. 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 valued at $36,259,555. Corporate insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. TD Cowen boosted their price objective on shares of Charles Schwab from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Bank of America lifted their price target on shares of Charles Schwab from $88.00 to $91.00 and gave the stock an “underperform” rating in a research report on Wednesday, December 10th. UBS Group upped their price objective on shares of Charles Schwab from $123.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Charles Schwab in a report on Thursday, January 22nd. Finally, Citigroup restated a “market outperform” rating on shares of Charles Schwab in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Charles Schwab currently has an average rating of “Moderate Buy” and an average price target of $115.95.

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.