Invesco Ltd. Increases Position in The Charles Schwab Corporation $SCHW

Invesco Ltd. increased its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,941,021 shares of the financial services provider’s stock after acquiring an additional 765,623 shares during the quarter. Invesco Ltd. owned approximately 0.90% of Charles Schwab worth $1,521,889,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. West Branch Capital LLC purchased a new position in shares of Charles Schwab during the 3rd quarter worth $27,000. Evelyn Partners Asset Management Ltd purchased a new stake in shares of Charles Schwab in the second quarter valued at $33,000. Howard Hughes Medical Institute purchased a new stake in shares of Charles Schwab in the second quarter valued at $34,000. Redmont Wealth Advisors LLC acquired a new position in Charles Schwab in the third quarter valued at $34,000. Finally, FSA Wealth Management LLC acquired a new position in Charles Schwab in the second quarter valued at $36,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SCHW shares. Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a research note on Monday, January 12th. Piper Sandler upped their price objective on shares of Charles Schwab from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Raymond James Financial reiterated an “outperform” rating and set a $114.00 target price on shares of Charles Schwab in a report on Monday, January 5th. UBS Group boosted their price target on Charles Schwab from $123.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Citizens Jmp upped their price target on Charles Schwab from $110.00 to $120.00 and gave the stock a “market outperform” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.95.

Insider Buying and Selling

In other news, insider Paul V. Woolway sold 15,884 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider owned 35,992 shares of the company’s stock, valued at approximately $3,423,559.04. This trade represents a 30.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Peter J. Morgan III sold 7,595 shares of Charles Schwab stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $104.38, for a total transaction of $792,766.10. The SEC filing for this sale provides additional information. Insiders sold a total of 415,568 shares of company stock worth $42,639,058 over the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Performance

NYSE:SCHW opened at $91.17 on Friday. The firm has a 50-day moving average of $99.14 and a two-hundred day moving average of $96.36. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market cap of $159.75 billion, a P/E ratio of 19.57, a PEG ratio of 0.75 and a beta of 0.93. The Charles Schwab Corporation has a 1-year low of $65.88 and a 1-year high of $107.50.

Charles Schwab (NYSE:SCHW) last announced its 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 return on equity of 21.97% and a net margin of 37.01%.The business had revenue of $6.34 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same period in the previous year, the company earned $1.01 earnings per share. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, research analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a dividend of $0.32 per share. The ex-dividend date was Friday, February 13th. This represents a $1.28 annualized dividend and a yield of 1.4%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.27. Charles Schwab’s dividend payout ratio (DPR) is presently 27.47%.

About Charles Schwab

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.