Broderick Brian C Acquires 10,090 Shares of The Charles Schwab Corporation $SCHW

Broderick Brian C grew its position in The Charles Schwab Corporation (NYSE:SCHW) by 317.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,270 shares of the financial services provider’s stock after purchasing an additional 10,090 shares during the quarter. Broderick Brian C’s holdings in Charles Schwab were worth $1,267,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. West Branch Capital LLC acquired a new stake in shares of Charles Schwab during the 3rd quarter worth $27,000. Evelyn Partners Asset Management Ltd bought a new position in Charles Schwab in the second quarter valued at about $33,000. Howard Hughes Medical Institute acquired a new stake in Charles Schwab during the 2nd quarter worth approximately $34,000. Redmont Wealth Advisors LLC acquired a new stake in Charles Schwab in the third quarter valued at $34,000. Finally, FSA Wealth Management LLC bought a new position in shares of Charles Schwab during the second quarter worth about $36,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Ratings Changes

SCHW has been the subject of several recent analyst reports. TD Cowen raised their price objective on shares of Charles Schwab from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Citizens Jmp upped their price target on Charles Schwab from $110.00 to $120.00 and gave the stock a “market outperform” rating in a report on Monday, January 12th. Raymond James Financial reissued an “outperform” rating and set a $114.00 target price on shares of Charles Schwab in a research report on Monday, January 5th. Bank of America increased their price target on shares of Charles Schwab from $88.00 to $91.00 and gave the company an “underperform” rating in a research report on Wednesday, December 10th. Finally, UBS Group upped their price target on Charles Schwab from $123.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.95.

Charles Schwab Trading Down 1.6%

NYSE:SCHW opened at $93.85 on Friday. 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 $166.77 billion, a P/E ratio of 20.14, a P/E/G ratio of 0.77 and a beta of 0.94. The Charles Schwab Corporation has a 52 week low of $65.88 and a 52 week high of $107.50. The company has a fifty day moving average of $100.62 and a 200 day moving average of $96.58.

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

Charles Schwab Increases Dividend

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

Insider Activity at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 67,514 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $104.25, for a total transaction of $7,038,334.50. Following the completion of the sale, the chairman directly owned 529,346 shares in the company, valued at $55,184,320.50. The trade was a 11.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Peter J. Morgan III sold 7,595 shares of the firm’s 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 348,344 shares of company stock valued at $36,259,555 in the last quarter. 6.30% of the stock is currently owned by corporate insiders.

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.