Ossiam Lowers Position in The Charles Schwab Corporation $SCHW

Ossiam lowered its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 37.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 267,750 shares of the financial services provider’s stock after selling 161,764 shares during the period. Ossiam’s holdings in Charles Schwab were worth $25,562,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in SCHW. Norges Bank purchased a new position in shares of Charles Schwab in the 2nd quarter worth $1,889,858,000. Brown Advisory Inc. grew its position in Charles Schwab by 88.4% during the second quarter. Brown Advisory Inc. now owns 12,162,260 shares of the financial services provider’s stock valued at $1,109,687,000 after acquiring an additional 5,708,208 shares during the period. Primecap Management Co. CA increased its stake in Charles Schwab by 35.9% during the second quarter. Primecap Management Co. CA now owns 19,034,806 shares of the financial services provider’s stock worth $1,736,736,000 after acquiring an additional 5,032,728 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Charles Schwab by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 151,182,081 shares of the financial services provider’s stock worth $13,793,853,000 after purchasing an additional 2,786,829 shares during the period. Finally, Mondrian Investment Partners LTD acquired a new position in Charles Schwab during the third quarter valued at approximately $169,104,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a research note on Monday, January 12th. UBS Group upped their target price on Charles Schwab from $123.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Morgan Stanley increased their target price on Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, December 22nd. Truist Financial raised their target price on Charles Schwab from $120.00 to $122.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, Piper Sandler upped their price target on Charles Schwab from $100.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $115.95.

Charles Schwab Stock Performance

NYSE:SCHW opened at $93.11 on Friday. The firm has a 50-day moving average of $98.97 and a two-hundred day moving average of $96.34. 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 $163.15 billion, a P/E ratio of 19.98, a PEG ratio of 0.74 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%.

Insider Buying and Selling

In related news, insider Paul V. Woolway sold 15,884 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $95.12, for a total value of $1,510,886.08. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Peter J. Morgan III sold 7,595 shares of the firm’s 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 disclosure for this sale is available in the SEC filing. 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 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.