Diversify Advisory Services LLC Grows Stake in The Charles Schwab Corporation $SCHW

Diversify Advisory Services LLC raised its position in The Charles Schwab Corporation (NYSE:SCHW) by 30.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 23,490 shares of the financial services provider’s stock after purchasing an additional 5,524 shares during the period. Diversify Advisory Services LLC’s holdings in Charles Schwab were worth $2,188,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. West Branch Capital LLC acquired a new position in Charles Schwab during the third quarter worth about $27,000. Redmont Wealth Advisors LLC purchased a new stake in Charles Schwab in the 3rd quarter valued at approximately $34,000. Evelyn Partners Asset Management Ltd purchased a new position in Charles Schwab during the second quarter worth $33,000. Howard Hughes Medical Institute acquired a new position in shares of Charles Schwab in the second quarter worth $34,000. Finally, Steph & Co. boosted its stake in shares of Charles Schwab by 74.7% during the third quarter. Steph & Co. now owns 386 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 165 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Trading Down 0.8%

Shares of SCHW opened at $94.46 on Tuesday. The Charles Schwab Corporation has a twelve month low of $65.88 and a twelve month high of $107.50. The firm has a market capitalization of $165.51 billion, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 0.77 and a beta of 0.93. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.52. The stock’s fifty day simple moving average is $99.61 and its 200 day simple moving average is $96.44.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.07. The firm had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $6.19 billion. Charles Schwab had a return on equity of 21.97% and a net margin of 37.01%.The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, equities research analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was 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%.

Analyst Ratings Changes

Several research analysts recently weighed in on SCHW shares. Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a research note on Monday, January 12th. Truist Financial raised their price target on shares of Charles Schwab from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $131.00 price objective on shares of Charles Schwab in a research report on Thursday, January 22nd. Raymond James Financial reaffirmed an “outperform” rating and issued a $114.00 target price on shares of Charles Schwab in a research note on Monday, January 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Charles Schwab in a research report on Thursday, January 22nd. One equities research 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 stock. According to data from MarketBeat, Charles Schwab has a consensus rating of “Moderate Buy” and an average price target of $115.95.

Insider Activity

In related news, insider Dennis Howard sold 10,108 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $94.60, for a total transaction of $956,216.80. Following the completion of the sale, the insider owned 10,470 shares of the company’s stock, valued at approximately $990,462. This represents a 49.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher V. Dodds sold 11,825 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were 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 owned 449,406 shares in the company, valued at $46,985,397.30. The trade was a 2.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 415,568 shares of company stock worth $42,639,058. Insiders own 6.30% of the company’s stock.

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.