Mackenzie Financial Corp Boosts Stock Position in The Charles Schwab Corporation $SCHW

Mackenzie Financial Corp boosted its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 30.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 850,757 shares of the financial services provider’s stock after buying an additional 199,363 shares during the period. Mackenzie Financial Corp’s holdings in Charles Schwab were worth $81,222,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. West Branch Capital LLC bought a new stake in Charles Schwab in the third quarter worth $27,000. Evelyn Partners Asset Management Ltd bought a new position in shares of Charles Schwab during the second quarter valued at $33,000. Howard Hughes Medical Institute bought a new position in shares of Charles Schwab during the second quarter valued at $34,000. Redmont Wealth Advisors LLC purchased a new position in shares of Charles Schwab in the 3rd quarter worth about $34,000. Finally, FSA Wealth Management LLC bought a new position in Charles Schwab in the 2nd quarter worth about $36,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on SCHW shares. UBS Group increased their price objective on shares of Charles Schwab from $123.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Wolfe Research set a $120.00 target price on shares of Charles Schwab in a report on Monday, January 12th. Citigroup reiterated a “market outperform” rating on shares of Charles Schwab in a research note on Monday, January 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $131.00 price target on shares of Charles Schwab in a research report on Thursday, January 22nd. Finally, Raymond James Financial restated an “outperform” rating and issued a $114.00 price objective on shares of Charles Schwab in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.95.

Charles Schwab Price Performance

NYSE SCHW opened at $92.68 on Thursday. The stock has a market capitalization of $162.39 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 0.75 and a beta of 0.93. The Charles Schwab Corporation has a 1-year low of $65.88 and a 1-year high of $107.50. 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 business’s fifty day moving average price is $99.32 and its 200-day moving average price is $96.40.

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

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a $0.32 dividend. 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. Charles Schwab’s payout ratio is 27.47%.

Insider Activity at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 67,514 shares of the business’s stock in a transaction on Friday, February 6th. The shares were 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 owned 529,346 shares of the company’s stock, valued at $55,184,320.50. The trade was a 11.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Dennis Howard sold 10,108 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $94.60, for a total value of $956,216.80. Following the completion of the sale, the insider owned 10,470 shares of the company’s stock, valued at $990,462. This trade represents a 49.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 415,568 shares of company stock valued at $42,639,058 in the last three months. Corporate insiders own 6.30% of the company’s stock.

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.