Van Diest Capital LLC Makes New $1.09 Million Investment in The Charles Schwab Corporation $SCHW

Van Diest Capital LLC purchased a new position in shares of The Charles Schwab Corporation (NYSE:SCHW) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,877 shares of the financial services provider’s stock, valued at approximately $1,087,000. Charles Schwab makes up approximately 1.6% of Van Diest Capital LLC’s portfolio, making the stock its 15th biggest position.

Other institutional investors have also made changes to their positions in the company. Dogwood Wealth Management LLC grew its holdings in Charles Schwab by 99.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 123 shares during the last quarter. Piscataqua Savings Bank acquired a new position in Charles Schwab in the 4th quarter valued at $26,000. GoalVest Advisory LLC acquired a new position in Charles Schwab in the 4th quarter valued at $28,000. Beacon Financial Strategies CORP bought a new position in Charles Schwab in the 4th quarter worth $29,000. Finally, Optima Capital LLC bought a new position in Charles Schwab in the 4th quarter worth $30,000. 84.38% of the stock is owned by institutional investors.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 7,941 shares of Charles Schwab stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $100.00, for a total transaction of $794,100.00. Following the completion of the transaction, the insider directly owned 29,866 shares of the company’s stock, valued at approximately $2,986,600. This trade represents a 21.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nigel J. Murtagh sold 41,297 shares of the business’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $99.00, for a total transaction of $4,088,403.00. Following the completion of the sale, the insider owned 57,972 shares in the company, valued at $5,739,228. This represents a 41.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 59,700 shares of company stock valued at $5,889,131 in the last 90 days. 6.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on SCHW shares. Barclays increased their target price on Charles Schwab from $117.00 to $127.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $128.00 price target on shares of Charles Schwab in a research note on Friday, May 15th. Truist Financial reduced their price objective on Charles Schwab from $122.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Piper Sandler lifted their price objective on Charles Schwab from $103.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Finally, Keefe, Bruyette & Woods assumed coverage on Charles Schwab in a research report on Wednesday, April 8th. They set an “outperform” rating and a $110.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Charles Schwab presently has an average rating of “Moderate Buy” and a consensus target price of $116.00.

Charles Schwab Stock Performance

NYSE:SCHW opened at $91.69 on Friday. The Charles Schwab Corporation has a 12-month low of $83.96 and a 12-month high of $107.50. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $159.46 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 0.89 and a beta of 0.77. The firm has a 50-day moving average price of $90.98 and a 200 day moving average price of $95.31.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.04. Charles Schwab had a return on equity of 23.05% and a net margin of 37.99%.The company had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same period in the previous year, the business earned $1.04 earnings per share. The company’s quarterly revenue was up 15.8% 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 6.14 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.28 annualized dividend and a yield of 1.4%. Charles Schwab’s payout ratio is currently 25.40%.

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.