Elefante Mark B Has $1.23 Million Stock Holdings in The Charles Schwab Corporation $SCHW

Elefante Mark B increased its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 86.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,925 shares of the financial services provider’s stock after buying an additional 5,985 shares during the quarter. Elefante Mark B’s holdings in Charles Schwab were worth $1,234,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Charles Schwab during the 2nd quarter valued at about $1,889,858,000. Brown Advisory Inc. raised its holdings in Charles Schwab by 88.4% during the 2nd quarter. Brown Advisory Inc. now owns 12,162,260 shares of the financial services provider’s stock worth $1,109,687,000 after buying an additional 5,708,208 shares during the period. Primecap Management Co. CA lifted its stake in Charles Schwab by 35.9% in the second quarter. Primecap Management Co. CA now owns 19,034,806 shares of the financial services provider’s stock valued at $1,736,736,000 after buying an additional 5,032,728 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Charles Schwab by 28.3% during the second quarter. Bank of New York Mellon Corp now owns 14,182,132 shares of the financial services provider’s stock worth $1,293,978,000 after buying an additional 3,125,179 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Charles Schwab by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 151,182,081 shares of the financial services provider’s stock valued at $13,793,853,000 after acquiring an additional 2,786,829 shares in the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SCHW has been the subject of several research reports. Piper Sandler raised their price target on shares of Charles Schwab from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Citigroup reiterated a “market outperform” rating on shares of Charles Schwab in a report on Monday, January 12th. TD Cowen increased their price objective on shares of Charles Schwab from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Citizens Jmp lifted their target price on shares of Charles Schwab from $110.00 to $120.00 and gave the stock a “market outperform” rating in a report on Monday, January 12th. Finally, UBS Group upped their price objective on Charles Schwab from $123.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.95.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $93.85 on Friday. The company’s 50 day moving average price is $100.62 and its two-hundred day moving average price is $96.58. 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 fifty-two week low of $65.88 and a fifty-two week high of $107.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.58.

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

Charles Schwab Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.27. Charles Schwab’s payout ratio is currently 27.47%.

Insiders Place Their Bets

In other news, General Counsel Peter J. Morgan III sold 7,595 shares of Charles Schwab stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $104.38, for a total transaction of $792,766.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jonathan S. Beatty sold 2,000 shares of the company’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the sale, the insider owned 21,768 shares in the company, valued at $2,285,640. This represents a 8.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 348,344 shares of company stock valued at $36,259,555. Insiders own 6.30% of the company’s stock.

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.