The Charles Schwab Corporation $SCHW Shares Bought by Puzo Michael J

Puzo Michael J increased its stake in The Charles Schwab Corporation (NYSE:SCHW) by 34.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,903 shares of the financial services provider’s stock after acquiring an additional 6,125 shares during the quarter. Puzo Michael J’s holdings in Charles Schwab were worth $2,282,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Broderick Brian C increased its stake in Charles Schwab by 317.3% in the 3rd quarter. Broderick Brian C now owns 13,270 shares of the financial services provider’s stock worth $1,267,000 after purchasing an additional 10,090 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in shares of Charles Schwab by 5,533.6% during the third quarter. Jupiter Asset Management Ltd. now owns 891,524 shares of the financial services provider’s stock valued at $85,114,000 after acquiring an additional 875,699 shares during the period. Elefante Mark B boosted its stake in Charles Schwab by 86.2% in the 3rd quarter. Elefante Mark B now owns 12,925 shares of the financial services provider’s stock worth $1,234,000 after purchasing an additional 5,985 shares during the period. Delaney Dennis R grew its position in Charles Schwab by 58.1% during the 3rd quarter. Delaney Dennis R now owns 19,765 shares of the financial services provider’s stock worth $1,887,000 after purchasing an additional 7,265 shares in the last quarter. Finally, D Orazio & Associates Inc. raised its stake in Charles Schwab by 6.6% during the 3rd quarter. D Orazio & Associates Inc. now owns 2,567 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 158 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $131.00 price target on shares of Charles Schwab in a report on Thursday, January 22nd. Citigroup reaffirmed 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. Truist Financial raised their price target on shares of Charles Schwab from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, UBS Group upped their price objective on shares of Charles Schwab from $123.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.95.

Charles Schwab Stock Down 1.6%

Charles Schwab stock opened at $93.85 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.47. The Charles Schwab Corporation has a 1-year low of $65.88 and a 1-year high of $107.50. The firm’s fifty day simple moving average is $100.62 and its 200-day simple moving average is $96.58. The company has a market capitalization of $166.77 billion, a P/E ratio of 20.14, a P/E/G ratio of 0.77 and a beta of 0.94.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Wednesday, January 21st. The financial services provider reported $1.39 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 22.07%. The firm had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the prior year, the business posted $1.01 earnings per share. The business’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. Sell-side analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 13th. This is an increase 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 currently 27.47%.

Insider Activity

In other news, insider Jonathan S. Beatty sold 2,000 shares of the business’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the completion of the sale, the insider directly owned 21,768 shares in the company, valued at approximately $2,285,640. The trade was a 8.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Walter W. Bettinger sold 162,462 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $103.90, for a total transaction of $16,879,801.80. Following the completion of the transaction, the chairman owned 529,346 shares in the company, valued at $54,999,049.40. The trade was a 23.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 348,344 shares of company stock worth $36,259,555. 6.30% of the stock is owned by company 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.