Hoertkorn Richard Charles Sells 37,600 Shares of The Charles Schwab Corporation $SCHW

Hoertkorn Richard Charles reduced its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 44.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,920 shares of the financial services provider’s stock after selling 37,600 shares during the period. Charles Schwab accounts for about 3.6% of Hoertkorn Richard Charles’ holdings, making the stock its 10th biggest holding. Hoertkorn Richard Charles’ holdings in Charles Schwab were worth $4,410,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SCHW. Norges Bank acquired a new stake in shares of Charles Schwab during the fourth quarter worth about $1,994,189,000. Primecap Management Co. CA grew its holdings in shares of Charles Schwab by 9.7% in the fourth quarter. Primecap Management Co. CA now owns 23,276,071 shares of the financial services provider’s stock valued at $2,325,512,000 after purchasing an additional 2,066,884 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of Charles Schwab by 716.5% in the fourth quarter. Focus Partners Wealth now owns 2,101,463 shares of the financial services provider’s stock valued at $209,948,000 after purchasing an additional 1,844,095 shares in the last quarter. Danske Bank A S purchased a new stake in Charles Schwab during the 3rd quarter worth approximately $142,594,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in Charles Schwab during the 1st quarter worth approximately $129,140,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Down 0.2%

Shares of Charles Schwab stock opened at $101.75 on Thursday. The Charles Schwab Corporation has a 52-week low of $83.96 and a 52-week high of $107.50. The company has a 50 day moving average of $91.18 and a 200 day moving average of $95.27. 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 company has a market capitalization of $176.97 billion, a P/E ratio of 20.19, a P/E/G ratio of 0.93 and a beta of 0.77.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.39 by $0.04. Charles Schwab had a net margin of 37.99% and a return on equity of 23.05%. The company had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $6.39 billion. During the same quarter in the previous year, the business posted $1.04 EPS. The firm’s 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. As a group, research analysts forecast that The Charles Schwab Corporation will post 6.14 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, May 8th. Charles Schwab’s dividend payout ratio is 25.40%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Morgan Stanley decreased their price target on shares of Charles Schwab from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, April 17th. Jefferies Financial Group cut 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. TD Cowen increased their price objective on Charles Schwab from $108.00 to $109.00 and gave the company a “buy” rating in a research note on Friday, May 15th. JPMorgan Chase & Co. lifted their target price on Charles Schwab from $128.00 to $131.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Finally, Truist Financial lowered their target price on Charles Schwab from $122.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Charles Schwab presently has an average rating of “Moderate Buy” and a consensus price target of $116.16.

Insiders Place Their Bets

In other news, Director Frank C. Herringer sold 2,520 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $90.60, for a total transaction of $228,312.00. Following the completion of the transaction, the director directly owned 177,508 shares of the company’s stock, valued at approximately $16,082,224.80. This represents a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jonathan S. Beatty sold 2,000 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $100.01, for a total value of $200,020.00. Following the completion of the transaction, the insider owned 13,738 shares in the company, valued at approximately $1,373,937.38. The trade was a 12.71% 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. Over the last ninety days, insiders sold 63,700 shares of company stock worth $6,283,211. 6.30% of the stock is owned by corporate 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.