Delta Global Management LP Purchases 81,339 Shares of The Charles Schwab Corporation $SCHW

Delta Global Management LP raised its stake in The Charles Schwab Corporation (NYSE:SCHW) by 16.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 573,016 shares of the financial services provider’s stock after acquiring an additional 81,339 shares during the period. Charles Schwab makes up 2.6% of Delta Global Management LP’s investment portfolio, making the stock its 4th largest position. Delta Global Management LP’s holdings in Charles Schwab were worth $57,250,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Rakuten Investment Management Inc. increased its stake in Charles Schwab by 949.8% in the fourth quarter. Rakuten Investment Management Inc. now owns 222,319 shares of the financial services provider’s stock valued at $22,523,000 after purchasing an additional 201,142 shares during the last quarter. Abound Financial LLC purchased a new position in Charles Schwab in the fourth quarter valued at approximately $117,000. L2 Asset Management LLC grew its position in shares of Charles Schwab by 179.0% during the fourth quarter. L2 Asset Management LLC now owns 22,555 shares of the financial services provider’s stock worth $2,253,000 after acquiring an additional 14,472 shares during the last quarter. Bluedoor Private Wealth LLC purchased a new position in shares of Charles Schwab during the fourth quarter worth approximately $851,000. Finally, 71 West Capital Partners purchased a new position in shares of Charles Schwab during the fourth quarter worth approximately $632,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Stock Down 0.2%

Shares of NYSE:SCHW opened at $90.94 on Tuesday. The stock has a market capitalization of $158.16 billion, a P/E ratio of 18.04, a PEG ratio of 0.86 and a beta of 0.78. The Charles Schwab Corporation has a 1 year low of $83.96 and a 1 year high of $107.50. The stock has a 50-day simple moving average of $90.99 and a 200-day simple moving average of $95.29. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.62 and a current ratio of 0.62.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.04. The firm had revenue of $6.48 billion during 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%.Charles Schwab’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.04 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Equities analysts forecast that The Charles Schwab Corporation will post 6.13 earnings per share for the current 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 given a $0.32 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. Charles Schwab’s dividend payout ratio (DPR) is 25.40%.

Insiders Place Their Bets

In other news, insider Paul V. Woolway sold 7,941 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 29,866 shares of the company’s stock, valued at $2,986,600. This trade represents a 21.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank C. Herringer sold 2,520 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $90.60, for a total value of $228,312.00. Following the sale, the director directly owned 177,508 shares of the company’s stock, valued at $16,082,224.80. This trade represents a 1.40% 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 59,700 shares of company stock worth $5,889,131. 6.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SCHW has been the topic of a number of analyst reports. Raymond James Financial lifted their price objective on shares of Charles Schwab from $126.00 to $137.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Keefe, Bruyette & Woods initiated coverage on Charles Schwab in a research note on Wednesday, April 8th. They set an “outperform” rating and a $110.00 price target for the company. Jefferies Financial Group cut their target price on shares of Charles Schwab from $122.00 to $118.00 and set a “buy” rating for the company in a research note on Monday, April 6th. UBS Group dropped their price objective on shares of Charles Schwab from $125.00 to $119.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Finally, Morgan Stanley dropped their price objective on shares of Charles Schwab from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $116.00.

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.