The Charles Schwab Corporation $SCHW Shares Sold by Equity Investment Corp

Equity Investment Corp trimmed its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,005,861 shares of the financial services provider’s stock after selling 22,201 shares during the period. Charles Schwab comprises about 2.0% of Equity Investment Corp’s holdings, making the stock its 29th biggest position. Equity Investment Corp owned about 0.06% of Charles Schwab worth $96,030,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SCHW. Princeton Global Asset Management LLC acquired a new stake in Charles Schwab in the second quarter valued at $25,000. RMG Wealth Management LLC purchased a new stake in shares of Charles Schwab in the 2nd quarter worth about $27,000. West Branch Capital LLC acquired a new stake in Charles Schwab in the 3rd quarter valued at about $27,000. Hoese & Co LLP grew its stake in Charles Schwab by 131.6% in the 2nd quarter. Hoese & Co LLP now owns 352 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 200 shares during the last quarter. Finally, Mid American Wealth Advisory Group Inc. purchased a new position in Charles Schwab during the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $103.76 on Wednesday. The company has a market cap of $184.37 billion, a P/E ratio of 22.27, a P/E/G ratio of 0.85 and a beta of 0.94. The business has a fifty day simple moving average of $99.58 and a 200-day simple moving average of $96.47. The Charles Schwab Corporation has a 52 week low of $65.88 and a 52 week high of $105.81. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.47.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. The firm had revenue of $6.34 billion for the quarter, compared to analyst estimates of $6.19 billion. Charles Schwab had a return on equity of 22.07% and a net margin of 37.01%.The firm’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period last year, the company earned $1.01 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Equities research analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.2%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, February 13th. Charles Schwab’s dividend payout ratio (DPR) is currently 23.18%.

Insider Buying and Selling

In related news, General Counsel Peter J. Morgan III sold 7,595 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $104.38, for a total value of $792,766.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 3,072 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $98.00, for a total value of $301,056.00. Following the sale, the insider directly owned 11,923 shares of the company’s stock, valued at approximately $1,168,454. This trade represents a 20.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 14,667 shares of company stock worth $1,507,842. 6.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SCHW. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Charles Schwab in a report on Thursday, January 22nd. Raymond James Financial restated an “outperform” rating and set a $114.00 price objective on shares of Charles Schwab in a research report on Monday, January 5th. Wolfe Research set a $120.00 target price on Charles Schwab in a report on Monday, January 12th. JPMorgan Chase & Co. raised their price target on Charles Schwab from $119.00 to $121.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, Morgan Stanley upped their price objective on Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a research report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $115.65.

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.