Fifth Third Bancorp Sells 7,055 Shares of The Charles Schwab Corporation $SCHW

Fifth Third Bancorp lessened its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 4.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 150,996 shares of the financial services provider’s stock after selling 7,055 shares during the quarter. Fifth Third Bancorp’s holdings in Charles Schwab were worth $14,416,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SCHW. Princeton Global Asset Management LLC bought a new stake in Charles Schwab in the second quarter worth $25,000. West Branch Capital LLC purchased a new stake in shares of Charles Schwab during the third quarter valued at approximately $27,000. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Charles Schwab during the second quarter valued at approximately $32,000. Evelyn Partners Asset Management Ltd purchased a new position in Charles Schwab in the 2nd quarter worth approximately $33,000. Finally, Howard Hughes Medical Institute purchased a new position in Charles Schwab in the 2nd quarter worth approximately $34,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Charles Schwab in a report on Thursday, January 22nd. Piper Sandler lifted their price objective on Charles Schwab from $100.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Raymond James Financial restated an “outperform” rating and set a $114.00 target price on shares of Charles Schwab in a research note on Monday, January 5th. Truist Financial raised their price target on shares of Charles Schwab from $120.00 to $122.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, Wolfe Research set a $120.00 price objective on shares of Charles Schwab in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $115.65.

Charles Schwab Price Performance

NYSE SCHW opened at $93.69 on Tuesday. The company has a 50-day moving average price of $100.71 and a 200-day moving average price of $96.63. The Charles Schwab Corporation has a 52 week low of $65.88 and a 52 week high of $107.50. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $166.47 billion, a P/E ratio of 20.10, a PEG ratio of 0.76 and a beta of 0.94.

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

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.27. Charles Schwab’s payout ratio is presently 27.47%.

Insiders Place Their Bets

In other Charles Schwab news, Chairman Walter W. Bettinger sold 162,462 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $103.90, for a total transaction of $16,879,801.80. Following the completion of the sale, the chairman directly owned 529,346 shares of the company’s stock, valued at $54,999,049.40. This trade represents a 23.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christopher V. Dodds sold 11,825 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $104.55, for a total transaction of $1,236,303.75. Following the completion of the transaction, the director directly owned 449,406 shares in the company, valued at $46,985,397.30. This trade represents a 2.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 348,344 shares of company stock valued at $36,259,555. 6.30% of the stock is owned by company 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.