HighTower Advisors LLC Has $36.63 Million Stock Position in The Charles Schwab Corporation $SCHW

HighTower Advisors LLC reduced its position in The Charles Schwab Corporation (NYSE:SCHW) by 7.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 366,607 shares of the financial services provider’s stock after selling 31,140 shares during the period. HighTower Advisors LLC’s holdings in Charles Schwab were worth $36,628,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First National Trust Co lifted its stake in Charles Schwab by 82.2% in the third quarter. First National Trust Co now owns 89,224 shares of the financial services provider’s stock valued at $8,518,000 after buying an additional 40,257 shares during the period. Brookwood Investment Group LLC lifted its stake in Charles Schwab by 192.6% in the fourth quarter. Brookwood Investment Group LLC now owns 12,236 shares of the financial services provider’s stock valued at $1,222,000 after buying an additional 8,054 shares during the period. AE Wealth Management LLC lifted its stake in Charles Schwab by 131.0% in the third quarter. AE Wealth Management LLC now owns 99,832 shares of the financial services provider’s stock valued at $9,531,000 after buying an additional 56,609 shares during the period. Optimize Financial Inc acquired a new position in Charles Schwab in the third quarter valued at about $467,000. Finally, King Luther Capital Management Corp lifted its stake in Charles Schwab by 34.4% in the third quarter. King Luther Capital Management Corp now owns 296,409 shares of the financial services provider’s stock valued at $28,298,000 after buying an additional 75,820 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Stock Up 0.3%

NYSE:SCHW opened at $90.41 on Friday. The Charles Schwab Corporation has a 1 year low of $85.76 and a 1 year high of $107.50. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.48. The stock has a market cap of $157.23 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 0.63 and a beta of 0.80. The stock has a 50-day moving average price of $92.74 and a two-hundred day moving average price of $95.88.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Thursday, April 16th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.04. Charles Schwab had a return on equity of 23.05% and a net margin of 37.99%.The firm had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $6.39 billion. During the same period in the previous year, the firm earned $1.04 earnings per share. The company’s revenue was up 15.8% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, equities analysts expect that The Charles Schwab Corporation will post 6.1 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently disclosed 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. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, May 8th. Charles Schwab’s dividend payout ratio is currently 25.40%.

Analyst Upgrades and Downgrades

SCHW has been the topic of several analyst reports. Raymond James Financial increased their target price on Charles Schwab from $126.00 to $137.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Argus set a $108.00 target price on Charles Schwab in a research note on Monday, April 20th. Piper Sandler increased their target price on Charles Schwab from $103.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $128.00 target price on shares of Charles Schwab in a research note on Friday, May 15th. Finally, Barclays boosted their target price on Charles Schwab from $117.00 to $127.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Charles Schwab has a consensus rating of “Moderate Buy” and a consensus target price of $114.30.

More Charles Schwab News

Here are the key news stories impacting Charles Schwab this week:

• Positive Sentiment: Charles Schwab raised $2.2 billion through senior notes, improving financial flexibility and potentially supporting future growth. Charles Schwab Raises $2.2 Billion Through Senior Notes
• Positive Sentiment: Piper Sandler lifted its price target on SCHW to $105, citing potential revenue upside from improving net interest margin. Piper Sandler Raises PT On Charles Schwab (SCHW) To $105, Cites Revenue Upside From NIM Improvement
• Positive Sentiment: Schwab was recognized by U.S. News as the Best Investing Platform Overall for the fourth year in a row, reinforcing its brand strength and competitive position. Charles Schwab Recognized as Best Investing Platform Overall by U.S. News for Fourth Consecutive Year
• Neutral Sentiment: Schwab’s new retail client sentiment report showed investors have turned more bearish on the U.S. stock market, but still feel confident in their own investing approach and long-term goals. Schwab Q2 Retail Client Sentiment Report
• Neutral Sentiment: Schwab’s comments on new T+1 settlement rules highlight another industry change affecting stock trading, but the impact on earnings is unclear from the available details. Schwab flagged new T+1 settlement rules that impact stock trades
• Negative Sentiment: Broader client sentiment data shows retail investors are increasingly cautious on stocks, which could signal softer trading activity if that mood persists. Schwab Q2 Retail Client Sentiment Report: Investors Turn Bearish on U.S. Stock Market but Remain Confident in their Investing Approach and Likelihood of Reaching Goals

Insider Transactions at Charles Schwab

In other news, insider Dennis Howard sold 27,903 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $95.02, for a total transaction of $2,651,343.06. Following the completion of the transaction, the insider directly owned 10,470 shares of the company’s stock, valued at $994,859.40. This represents a 72.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul V. Woolway sold 15,884 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $95.12, for a total value of $1,510,886.08. Following the transaction, the insider directly owned 35,992 shares of the company’s stock, valued at $3,423,559.04. This represents a 30.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 126,924 shares of company stock valued at $12,268,634 over the last three months. 6.30% of the stock is currently 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.