The Charles Schwab Corporation $SCHW Shares Bought by Bank of Nova Scotia

Bank of Nova Scotia grew its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 8.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,379,801 shares of the financial services provider’s stock after acquiring an additional 111,029 shares during the period. Bank of Nova Scotia’s holdings in Charles Schwab were worth $131,730,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. BNP Paribas increased its stake in shares of Charles Schwab by 10.1% in the third quarter. BNP Paribas now owns 119,715 shares of the financial services provider’s stock worth $11,429,000 after buying an additional 10,986 shares during the last quarter. Anchor Investment Management LLC boosted its stake in Charles Schwab by 4.9% during the 3rd quarter. Anchor Investment Management LLC now owns 32,857 shares of the financial services provider’s stock valued at $3,137,000 after acquiring an additional 1,521 shares during the last quarter. Aquatic Capital Management LLC boosted its stake in Charles Schwab by 173.6% during the 3rd quarter. Aquatic Capital Management LLC now owns 301,720 shares of the financial services provider’s stock valued at $28,805,000 after acquiring an additional 191,426 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in Charles Schwab by 57.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 272,551 shares of the financial services provider’s stock worth $26,020,000 after acquiring an additional 99,226 shares in the last quarter. Finally, Viking Global Investors LP increased its position in shares of Charles Schwab by 5.1% in the 3rd quarter. Viking Global Investors LP now owns 16,583,101 shares of the financial services provider’s stock worth $1,583,189,000 after purchasing an additional 809,876 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Trading Up 2.0%

NYSE SCHW opened at $93.11 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.62 and a current ratio of 0.62. The Charles Schwab Corporation has a one year low of $65.88 and a one year high of $107.50. The company has a 50-day simple moving average of $98.97 and a 200-day simple moving average of $96.33. The firm has a market capitalization of $163.15 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 0.75 and a beta of 0.93.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.07. Charles Schwab had a net margin of 37.01% and a return on equity of 21.97%. The firm had revenue of $6.34 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same quarter in the prior year, the business earned $1.01 earnings per share. Charles Schwab’s quarterly 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 forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given 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 a positive change from Charles Schwab’s previous quarterly dividend of $0.27. Charles Schwab’s payout ratio is currently 27.47%.

Insider Buying and Selling at Charles Schwab

In related news, insider Paul V. Woolway sold 6,126 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $94.61, for a total value of $579,580.86. Following the sale, the insider owned 29,866 shares of the company’s stock, valued at approximately $2,825,622.26. This trade represents a 17.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dennis Howard sold 10,108 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $94.60, for a total value of $956,216.80. Following the transaction, the insider owned 10,470 shares of the company’s stock, valued at $990,462. This represents a 49.12% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 415,568 shares of company stock worth $42,639,058. Corporate insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Truist Financial upped their target price on shares of Charles Schwab from $120.00 to $122.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Raymond James Financial reiterated an “outperform” rating and issued a $114.00 price target on shares of Charles Schwab in a research note on Monday, January 5th. Citizens Jmp boosted their price objective on Charles Schwab from $110.00 to $120.00 and gave the company a “market outperform” rating in a report on Monday, January 12th. Morgan Stanley upped their price objective on Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, December 22nd. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Charles Schwab in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.95.

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.