Mizuho Markets Cayman LP Reduces Position in The Charles Schwab Corporation $SCHW

Mizuho Markets Cayman LP trimmed its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 10.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 127,093 shares of the financial services provider’s stock after selling 14,801 shares during the quarter. Charles Schwab makes up 0.6% of Mizuho Markets Cayman LP’s holdings, making the stock its 21st biggest holding. Mizuho Markets Cayman LP’s holdings in Charles Schwab were worth $12,134,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SCHW. West Branch Capital LLC purchased a new stake in Charles Schwab during the 3rd quarter valued at about $27,000. Evelyn Partners Asset Management Ltd purchased a new position in Charles Schwab in the 2nd quarter worth approximately $33,000. Howard Hughes Medical Institute purchased a new position in Charles Schwab in the 2nd quarter worth approximately $34,000. Redmont Wealth Advisors LLC acquired a new position in shares of Charles Schwab during the 3rd quarter worth approximately $34,000. Finally, Newbridge Financial Services Group Inc. boosted its holdings in shares of Charles Schwab by 233.6% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 357 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 250 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $93.95 on Wednesday. The firm has a market cap of $164.62 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 0.75 and a beta of 0.93. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.52. The Charles Schwab Corporation has a 52 week low of $65.88 and a 52 week high of $107.50. The business’s fifty day simple moving average is $98.58 and its 200-day simple moving average is $96.29.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Wednesday, January 21st. The financial services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.07. The company had revenue of $6.34 billion for the quarter, compared to analysts’ expectations of $6.19 billion. Charles Schwab had a net margin of 37.01% and a return on equity of 21.97%. Charles Schwab’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 company posted $1.01 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. 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 disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a $0.32 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.27. Charles Schwab’s dividend payout ratio (DPR) is currently 27.47%.

Insider Activity

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 7,595 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $104.38, for a total transaction of $792,766.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Dennis Howard sold 27,903 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $95.02, for a total value of $2,651,343.06. Following the transaction, the insider owned 10,470 shares of the company’s stock, valued at approximately $994,859.40. This represents a 72.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 415,568 shares of company stock worth $42,639,058 in the last three months. 6.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SCHW has been the topic of a number of analyst reports. UBS Group lifted their price objective on Charles Schwab from $123.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Wolfe Research set a $120.00 target price on Charles Schwab in a report on Monday, January 12th. Piper Sandler raised their target price on Charles Schwab from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Citizens Jmp lifted their price target on Charles Schwab from $110.00 to $120.00 and gave the stock a “market outperform” rating in a report on Monday, January 12th. Finally, Morgan Stanley boosted their price target on shares of Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Charles Schwab has an average rating of “Moderate Buy” and a consensus target price of $115.95.

Charles Schwab 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.