Bank of Nova Scotia Increases Stock Position in The Charles Schwab Corporation $SCHW

Bank of Nova Scotia lifted its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 8.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,379,801 shares of the financial services provider’s stock after buying an additional 111,029 shares during the period. Bank of Nova Scotia owned approximately 0.08% of Charles Schwab worth $131,730,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. West Branch Capital LLC acquired a new position in Charles Schwab in the third quarter valued at $27,000. Evelyn Partners Asset Management Ltd acquired a new stake in Charles Schwab during the second quarter worth about $33,000. Howard Hughes Medical Institute purchased a new position in shares of Charles Schwab in the 2nd quarter worth about $34,000. Redmont Wealth Advisors LLC purchased a new position in shares of Charles Schwab in the 3rd quarter worth about $34,000. Finally, Newbridge Financial Services Group Inc. lifted its stake in shares of Charles Schwab by 233.6% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 357 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 250 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Chairman Walter W. Bettinger sold 67,514 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $104.25, for a total transaction of $7,038,334.50. Following the completion of the sale, the chairman directly owned 529,346 shares in the company, valued at $55,184,320.50. This trade represents a 11.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nigel J. Murtagh sold 7,203 shares of Charles Schwab stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $94.61, for a total value of $681,475.83. Following the sale, the insider directly owned 57,972 shares in the company, valued at approximately $5,484,730.92. The trade was a 11.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 415,568 shares of company stock worth $42,639,058 over the last three months. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Performance

Charles Schwab stock opened at $93.11 on Friday. The firm has a market capitalization of $163.15 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 0.75 and a beta of 0.93. The Charles Schwab Corporation has a one year low of $65.88 and a one year high of $107.50. The stock’s 50 day moving average price is $98.97 and its 200 day moving average price is $96.33. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.62 and a current ratio of 0.62.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.07. The company had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $6.19 billion. Charles Schwab had a net margin of 37.01% and a return on equity of 21.97%. Charles Schwab’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter last year, the company earned $1.01 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, sell-side analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a dividend of $0.32 per share. 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, February 13th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.27. Charles Schwab’s dividend payout ratio (DPR) is 27.47%.

Analysts Set New Price Targets

A number of analysts recently issued reports on SCHW shares. Bank of America increased their target price on shares of Charles Schwab from $88.00 to $91.00 and gave the stock an “underperform” rating in a research report on Wednesday, December 10th. Citizens Jmp lifted their price target on shares of Charles Schwab from $110.00 to $120.00 and gave the company a “market outperform” rating in a research report on Monday, January 12th. UBS Group boosted their price objective on shares of Charles Schwab from $123.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Barclays increased their price objective on shares of Charles Schwab from $125.00 to $126.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. Finally, Morgan Stanley raised their target price on shares of Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, December 22nd. One 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $115.95.

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.