GRIMES & Co WEALTH MANAGEMENT LLC Boosts Stock Holdings in The Charles Schwab Corporation $SCHW

GRIMES & Co WEALTH MANAGEMENT LLC increased its stake in The Charles Schwab Corporation (NYSE:SCHW) by 19.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,438 shares of the financial services provider’s stock after acquiring an additional 6,180 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Charles Schwab were worth $3,740,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SCHW. Brighton Jones LLC increased its holdings in Charles Schwab by 380.5% in the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock worth $1,794,000 after acquiring an additional 19,195 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Charles Schwab by 21.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,553 shares of the financial services provider’s stock worth $415,000 after acquiring an additional 809 shares in the last quarter. United Bank increased its holdings in Charles Schwab by 7.1% in the 2nd quarter. United Bank now owns 16,053 shares of the financial services provider’s stock worth $1,465,000 after acquiring an additional 1,070 shares in the last quarter. Nebula Research & Development LLC purchased a new stake in Charles Schwab in the 2nd quarter worth $552,000. Finally, Main Street Financial Solutions LLC increased its holdings in Charles Schwab by 4.7% in the 2nd quarter. Main Street Financial Solutions LLC now owns 6,828 shares of the financial services provider’s stock worth $623,000 after acquiring an additional 305 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

Charles Schwab stock opened at $88.52 on Friday. The Charles Schwab Corporation has a 52-week low of $83.62 and a 52-week high of $107.50. The firm has a market capitalization of $153.85 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 0.70 and a beta of 0.80. The company has a fifty day simple moving average of $93.75 and a 200-day simple moving average of $96.18. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.52.

Charles Schwab (NYSE:SCHW) last released its earnings results on Thursday, April 16th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.04. Charles Schwab had a net margin of 37.99% and a return on equity of 23.03%. The business had revenue of $6.48 billion during the quarter, compared to analyst estimates of $6.39 billion. During the same quarter in the prior year, the firm earned $1.04 earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, equities analysts anticipate that The Charles Schwab Corporation will post 5.99 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. Charles Schwab’s payout ratio is presently 25.40%.

Analyst Ratings Changes

Several brokerages recently commented on SCHW. Citizens Jmp boosted their price target on shares of Charles Schwab from $110.00 to $120.00 and gave the stock a “market outperform” rating in a report on Monday, January 12th. UBS Group cut their price target on shares of Charles Schwab from $125.00 to $119.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Argus set a $108.00 price target on shares of Charles Schwab in a report on Monday, April 20th. JPMorgan Chase & Co. boosted their price target on shares of Charles Schwab from $128.00 to $131.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. Finally, Weiss Ratings raised shares of Charles Schwab from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $114.00.

Insider Activity

In other news, insider Paul V. Woolway sold 15,884 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $95.12, for a total transaction of $1,510,886.08. Following the transaction, the insider owned 35,992 shares of the company’s stock, valued at approximately $3,423,559.04. The trade was a 30.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dennis Howard sold 27,903 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $95.02, for a total transaction of $2,651,343.06. Following the transaction, the insider directly owned 10,470 shares in the company, valued at approximately $994,859.40. The trade was a 72.72% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 126,924 shares of company stock worth $12,268,634. 6.30% of the stock is owned by insiders.

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.