Maltese Capital Management LLC Buys 12,500 Shares of The Charles Schwab Corporation $SCHW

Maltese Capital Management LLC grew its stake in The Charles Schwab Corporation (NYSE:SCHW) by 25.0% during the third quarter, HoldingsChannel reports. The firm owned 62,500 shares of the financial services provider’s stock after buying an additional 12,500 shares during the quarter. Maltese Capital Management LLC’s holdings in Charles Schwab were worth $5,967,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SCHW. West Branch Capital LLC bought a new position in shares of Charles Schwab in the 3rd quarter valued at $27,000. Evelyn Partners Asset Management Ltd acquired a new stake in shares of Charles Schwab during the 2nd quarter valued at $33,000. Howard Hughes Medical Institute bought a new stake in Charles Schwab during the 2nd quarter worth $34,000. Redmont Wealth Advisors LLC acquired a new position in Charles Schwab in the 3rd quarter worth about $34,000. Finally, Newbridge Financial Services Group Inc. increased its holdings in 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 worth $34,000 after purchasing an additional 250 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $93.60 on Tuesday. The stock has a market capitalization of $164.01 billion, a PE ratio of 20.09, a PEG ratio of 0.75 and a beta of 0.93. The business’s 50 day simple moving average is $98.77 and its 200 day simple moving average is $96.31. 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 Charles Schwab Corporation has a one year low of $65.88 and a one year high of $107.50.

Charles Schwab (NYSE:SCHW) last issued its quarterly 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 net margin of 37.01% and a return on equity of 21.97%. The firm had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the previous year, the company earned $1.01 EPS. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, research analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, February 13th. Charles Schwab’s payout ratio is currently 27.47%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a research note on Monday, January 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Charles Schwab in a report on Thursday, January 22nd. UBS Group lifted their target price on shares of Charles Schwab from $123.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. TD Cowen boosted their target price on shares of Charles Schwab from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Raymond James Financial restated an “outperform” rating and issued a $114.00 price target on shares of Charles Schwab in a research report on Monday, January 5th. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.95.

Insider Activity

In other news, insider Paul V. Woolway sold 6,126 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 $579,580.86. Following the completion of the transaction, the insider directly owned 29,866 shares of the company’s stock, valued at approximately $2,825,622.26. This trade represents a 17.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Dennis Howard sold 10,108 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $94.60, for a total value of $956,216.80. Following the completion of the transaction, the insider directly owned 10,470 shares in the company, valued at approximately $990,462. This trade represents a 49.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 415,568 shares of company stock worth $42,639,058. 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.