The Charles Schwab Corporation $SCHW Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp boosted its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 34.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 296,409 shares of the financial services provider’s stock after acquiring an additional 75,820 shares during the quarter. King Luther Capital Management Corp’s holdings in Charles Schwab were worth $28,298,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Synovus Financial Corp raised its position in shares of Charles Schwab by 5.7% in the third quarter. Synovus Financial Corp now owns 65,785 shares of the financial services provider’s stock valued at $6,282,000 after buying an additional 3,545 shares during the last quarter. NewEdge Wealth LLC increased its stake in Charles Schwab by 3.1% during the 3rd quarter. NewEdge Wealth LLC now owns 83,135 shares of the financial services provider’s stock worth $7,788,000 after buying an additional 2,468 shares during the period. Alberta Investment Management Corp raised its stake in shares of Charles Schwab by 4.6% in the third quarter. Alberta Investment Management Corp now owns 75,500 shares of the financial services provider’s stock valued at $7,208,000 after acquiring an additional 3,300 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new position in Charles Schwab in the third quarter worth approximately $34,000. Finally, CenterBook Partners LP boosted its position in shares of Charles Schwab by 153.9% during the 3rd quarter. CenterBook Partners LP now owns 59,395 shares of the financial services provider’s stock worth $5,670,000 after acquiring an additional 36,002 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Activity at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 162,462 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $103.90, for a total transaction of $16,879,801.80. Following the sale, the chairman owned 529,346 shares of the company’s stock, valued at $54,999,049.40. The trade was a 23.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher V. Dodds sold 11,825 shares of the company’s stock in a transaction that occurred on 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 sale, the director owned 449,406 shares of the company’s stock, valued at $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. Insiders have sold 348,344 shares of company stock worth $36,259,555 over the last ninety days. Insiders own 6.30% of the company’s stock.

Charles Schwab Stock Up 2.7%

SCHW stock opened at $95.55 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.47. The Charles Schwab Corporation has a twelve month low of $65.88 and a twelve month high of $107.50. The firm has a 50 day simple moving average of $100.68 and a 200-day simple moving average of $96.60. The company has a market capitalization of $169.79 billion, a P/E ratio of 20.50, a PEG ratio of 0.75 and a beta of 0.94.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.07. The firm had revenue of $6.34 billion for the quarter, compared to analyst estimates of $6.19 billion. Charles Schwab had a net margin of 37.01% and a return on equity of 22.07%. Charles Schwab’s quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.01 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, equities research analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.3%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, February 13th. Charles Schwab’s payout ratio is 27.47%.

Wall Street Analyst Weigh In

Several research firms recently commented on SCHW. TD Cowen upped their price target on shares of Charles Schwab from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Wolfe Research set a $120.00 price target on Charles Schwab in a research note on Monday, January 12th. Citizens Jmp boosted their target price on Charles Schwab from $110.00 to $120.00 and gave the stock a “market outperform” rating in a research report on Monday, January 12th. Barclays boosted their price objective on shares of Charles Schwab from $125.00 to $126.00 and gave the stock an “overweight” rating in a report on Monday, January 26th. Finally, Truist Financial raised their price target on Charles Schwab from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Thursday, January 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. Based on data from MarketBeat.com, Charles Schwab has an average rating of “Moderate Buy” and a consensus price target 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.