Nordea Investment Management AB Buys 396,358 Shares of The Charles Schwab Corporation $SCHW

Nordea Investment Management AB lifted its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 13.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,437,222 shares of the financial services provider’s stock after buying an additional 396,358 shares during the period. Nordea Investment Management AB owned about 0.19% of Charles Schwab worth $344,410,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. GoalVest Advisory LLC acquired a new position in Charles Schwab in the 4th quarter worth about $28,000. West Branch Capital LLC bought a new position in Charles Schwab in the third quarter valued at about $27,000. Newbridge Financial Services Group Inc. boosted its stake in shares of Charles Schwab by 233.6% during the third quarter. Newbridge Financial Services Group Inc. now owns 357 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 250 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new stake in shares of Charles Schwab during the third quarter valued at about $34,000. Finally, Evelyn Partners Asset Management Ltd bought a new stake in shares of Charles Schwab during the second quarter worth about $33,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Ratings Changes

SCHW has been the subject of a number of research reports. Piper Sandler raised their price objective on shares of Charles Schwab from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Raymond James Financial reissued an “outperform” rating and set a $114.00 target price on shares of Charles Schwab in a report on Monday, January 5th. Truist Financial upped their price target on shares of Charles Schwab from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Wolfe Research set a $120.00 price target on shares of Charles Schwab in a report on Monday, January 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $131.00 price objective on shares of Charles Schwab in a research note 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 given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $115.95.

Charles Schwab Stock Performance

NYSE:SCHW opened at $94.66 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 fifty-two week low of $65.88 and a fifty-two week high of $107.50. The company has a 50 day simple moving average of $98.15 and a two-hundred day simple moving average of $96.25. The company has a market capitalization of $165.86 billion, a PE ratio of 20.31, a P/E/G ratio of 0.76 and a beta of 0.93.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $6.19 billion. During the same quarter in the previous year, the company earned $1.01 EPS. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Research analysts anticipate that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders 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 yield of 1.4%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, February 13th. Charles Schwab’s payout ratio is currently 27.47%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 67,514 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $104.25, for a total transaction of $7,038,334.50. Following the completion of the sale, the chairman directly owned 529,346 shares in the company, valued at approximately $55,184,320.50. This trade represents a 11.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christopher V. Dodds sold 11,825 shares of Charles Schwab stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $104.55, for a total value of $1,236,303.75. Following the completion of the transaction, the director directly owned 449,406 shares of the company’s stock, valued at approximately $46,985,397.30. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 415,568 shares of company stock valued at $42,639,058. 6.30% of the stock is owned by corporate insiders.

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.