MidFirst Bank Takes $10.86 Million Position in The Charles Schwab Corporation $SCHW

MidFirst Bank purchased a new stake in shares of The Charles Schwab Corporation (NYSE:SCHW) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 108,668 shares of the financial services provider’s stock, valued at approximately $10,857,000. Charles Schwab makes up approximately 0.8% of MidFirst Bank’s portfolio, making the stock its 25th biggest position.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dogwood Wealth Management LLC raised its holdings in Charles Schwab by 99.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 123 shares during the period. Piscataqua Savings Bank bought a new position in shares of Charles Schwab in the fourth quarter worth $26,000. GoalVest Advisory LLC purchased a new position in shares of Charles Schwab in the fourth quarter valued at $28,000. Beacon Financial Strategies CORP purchased a new position in shares of Charles Schwab in the fourth quarter valued at $29,000. Finally, Optima Capital LLC bought a new stake in shares of Charles Schwab during the 4th quarter valued at $30,000. 84.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SCHW has been the subject of several analyst reports. Piper Sandler raised their target price on Charles Schwab from $103.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. JPMorgan Chase & Co. boosted their price objective on shares of Charles Schwab from $128.00 to $131.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. UBS Group decreased their target price on shares of Charles Schwab from $125.00 to $119.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Weiss Ratings upgraded shares of Charles Schwab from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Charles Schwab in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $110.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.00.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $91.69 on Friday. The stock’s 50-day simple moving average is $90.98 and its two-hundred day simple moving average is $95.31. The Charles Schwab Corporation has a twelve month low of $83.96 and a twelve month high of $107.50. The firm has a market capitalization of $159.46 billion, a P/E ratio of 18.19, a P/E/G ratio of 0.89 and a beta of 0.77. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.48.

Charles Schwab (NYSE:SCHW) last issued its quarterly 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 the consensus estimate of $6.39 billion. During the same quarter last year, the company posted $1.04 EPS. The company’s revenue for the quarter 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 anticipate that The Charles Schwab Corporation will post 6.14 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, May 8th. Charles Schwab’s dividend payout ratio (DPR) is currently 25.40%.

Insider Buying and Selling at Charles Schwab

In other news, insider Paul V. Woolway sold 7,941 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $100.00, for a total value of $794,100.00. Following the transaction, the insider owned 29,866 shares of the company’s stock, valued at $2,986,600. This represents a 21.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank C. Herringer sold 2,520 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $90.60, for a total transaction of $228,312.00. Following the completion of the transaction, the director directly owned 177,508 shares in the company, valued at $16,082,224.80. The trade was a 1.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 59,700 shares of company stock worth $5,889,131 over the last three months. 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.