Sunbelt Securities Inc. Grows Position in The Charles Schwab Corporation $SCHW

Sunbelt Securities Inc. lifted its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 98.1% during the third quarter, Holdings Channel.com reports. The firm owned 21,174 shares of the financial services provider’s stock after acquiring an additional 10,485 shares during the period. Sunbelt Securities Inc.’s holdings in Charles Schwab were worth $2,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Federated Hermes Inc. increased its holdings in Charles Schwab by 2,112.7% in the second quarter. Federated Hermes Inc. now owns 181,793 shares of the financial services provider’s stock valued at $16,587,000 after buying an additional 173,577 shares in the last quarter. First National Trust Co boosted its stake in shares of Charles Schwab by 82.2% during the 3rd quarter. First National Trust Co now owns 89,224 shares of the financial services provider’s stock worth $8,518,000 after acquiring an additional 40,257 shares in the last quarter. AE Wealth Management LLC grew its position in shares of Charles Schwab by 131.0% during the 3rd quarter. AE Wealth Management LLC now owns 99,832 shares of the financial services provider’s stock valued at $9,531,000 after acquiring an additional 56,609 shares during the period. Optimize Financial Inc acquired a new stake in shares of Charles Schwab during the 3rd quarter valued at about $467,000. Finally, Nordea Investment Management AB increased its stake in shares of Charles Schwab by 11.2% in the 3rd quarter. Nordea Investment Management AB now owns 3,040,864 shares of the financial services provider’s stock valued at $291,436,000 after purchasing an additional 305,904 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Stock Down 0.7%

NYSE SCHW opened at $93.23 on Thursday. The business has a fifty day moving average price of $98.41 and a 200 day moving average price of $96.27. The Charles Schwab Corporation has a one year low of $65.88 and a one year high of $107.50. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market cap of $163.35 billion, a P/E ratio of 20.01, a P/E/G ratio of 0.76 and a beta of 0.93.

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 the consensus estimate of $1.32 by $0.07. Charles Schwab had a net margin of 37.01% and a return on equity of 21.97%. The company had revenue of $6.34 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter in the previous year, the company posted $1.01 EPS. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Research analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts have commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Charles Schwab in a report on Thursday, January 22nd. Citizens Jmp upped their price objective on shares of Charles Schwab from $110.00 to $120.00 and gave the stock a “market outperform” rating in a research report on Monday, January 12th. Raymond James Financial reaffirmed an “outperform” rating and set a $114.00 price objective on shares of Charles Schwab in a report on Monday, January 5th. Morgan Stanley boosted their target price on shares of Charles Schwab from $139.00 to $148.00 and gave the stock an “overweight” rating in a research note on Monday, December 22nd. Finally, Truist Financial upped their price target on shares of Charles Schwab from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. One investment 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. According to data from MarketBeat, Charles Schwab presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.95.

Insider Activity at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 67,514 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $104.25, for a total value of $7,038,334.50. Following the completion of the sale, the chairman owned 529,346 shares in the company, valued at approximately $55,184,320.50. This represents a 11.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nigel J. Murtagh sold 7,203 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $94.61, for a total transaction of $681,475.83. Following the completion of the transaction, the insider directly owned 57,972 shares in the company, valued at $5,484,730.92. This trade represents a 11.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 415,568 shares of company stock worth $42,639,058 in the last 90 days. 6.30% of the stock is owned by insiders.

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.