41,400 Shares in The Charles Schwab Corporation $SCHW Purchased by Marble Wealth LLC

Marble Wealth LLC bought a new position in The Charles Schwab Corporation (NYSE:SCHW) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 41,400 shares of the financial services provider’s stock, valued at approximately $4,136,000.

A number of other hedge funds also recently made changes to their positions in SCHW. Dogwood Wealth Management LLC lifted its position in shares of Charles Schwab by 99.2% in the fourth quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock worth $25,000 after buying an additional 123 shares in the last quarter. Piscataqua Savings Bank purchased a new stake in shares of Charles Schwab in the fourth quarter worth about $26,000. GoalVest Advisory LLC purchased a new stake in shares of Charles Schwab in the fourth quarter worth about $28,000. Beacon Financial Strategies CORP purchased a new stake in shares of Charles Schwab in the fourth quarter worth about $29,000. Finally, Optima Capital LLC purchased a new stake in shares of Charles Schwab in the fourth quarter worth about $30,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of recent research reports. TD Cowen upped their price objective on Charles Schwab from $108.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Piper Sandler upped their price objective on Charles Schwab from $103.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Truist Financial decreased their price objective on Charles Schwab from $122.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. UBS Group decreased their price objective on Charles Schwab from $125.00 to $119.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Finally, Jefferies Financial Group decreased their price objective on Charles Schwab from $122.00 to $118.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Charles Schwab presently has a consensus rating of “Moderate Buy” and an average target price of $114.30.

Key Headlines Impacting Charles Schwab

Here are the key news stories impacting Charles Schwab this week:

• Positive Sentiment: Schwab’s new 24/7 crypto futures offering could attract more active traders and help the company expand its product suite in a fast-growing market. Charles Schwab debuts 24/7 Bitcoin, Ether, Solana and Ripple futures, targets spot crypto for advisors next year
• Positive Sentiment: Reports that Schwab is expected to extend its Colonial title sponsorship suggest continued brand visibility and marketing support for a long-running event tied to the company name. Charles Schwab expected to extend Colonial title sponsorship
• Neutral Sentiment: Shareholders voted to keep Schwab’s staggered board structure, a governance decision that is unlikely to affect near-term fundamentals but may remain a topic for some investors. Charles Schwab Keeps Staggered Board As Stock Trades Below Analyst Targets
• Neutral Sentiment: Golf coverage around the Charles Schwab Challenge is mostly brand-related and does not appear to materially change the investment outlook for SCHW. Russell Henley wins Charles Schwab Challenge, gets tournament’s traditional custom car

Insider Activity

In other news, Director Frank C. Herringer sold 2,520 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $90.60, for a total transaction of $228,312.00. Following the transaction, the director owned 177,508 shares of the company’s stock, valued at approximately $16,082,224.80. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nigel J. Murtagh sold 41,297 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $99.00, for a total value of $4,088,403.00. Following the transaction, the insider directly owned 57,972 shares in the company, valued at approximately $5,739,228. This represents a 41.60% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 59,700 shares of company stock valued at $5,889,131. 6.30% of the stock is currently owned by insiders.

Charles Schwab Trading Down 1.4%

Shares of SCHW stock opened at $87.51 on Wednesday. The company has a market cap of $152.20 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 0.84 and a beta of 0.77. The stock’s 50 day simple moving average is $92.05 and its two-hundred day simple moving average is $95.56. The Charles Schwab Corporation has a 1 year low of $83.96 and a 1 year high of $107.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.62 and a quick ratio of 0.62.

Charles Schwab (NYSE:SCHW) last released its earnings results on Thursday, April 16th. The financial services provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.04. The firm had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $6.39 billion. Charles Schwab had a return on equity of 23.05% and a net margin of 37.99%.The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Research analysts predict that The Charles Schwab Corporation will post 6.12 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.5%. Charles Schwab’s dividend 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.