The Charles Schwab Corporation $SCHW Stake Reduced by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership cut its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 2.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,725,669 shares of the financial services provider’s stock after selling 451,143 shares during the quarter. Charles Schwab accounts for about 2.4% of Artisan Partners Limited Partnership’s portfolio, making the stock its 3rd largest holding. Artisan Partners Limited Partnership owned about 0.98% of Charles Schwab worth $1,692,270,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank purchased a new stake in Charles Schwab in the second quarter valued at $1,889,858,000. Brown Advisory Inc. lifted its holdings in shares of Charles Schwab by 88.4% in the 2nd quarter. Brown Advisory Inc. now owns 12,162,260 shares of the financial services provider’s stock valued at $1,109,687,000 after buying an additional 5,708,208 shares during the period. Primecap Management Co. CA boosted its stake in shares of 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 worth $1,736,736,000 after buying an additional 5,032,728 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in 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 acquiring an additional 3,125,179 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Charles Schwab by 1.9% during the second quarter. Vanguard Group Inc. now owns 151,182,081 shares of the financial services provider’s stock worth $13,793,853,000 after acquiring an additional 2,786,829 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SCHW has been the subject of a number of analyst reports. Raymond James Financial reissued an “outperform” rating and issued a $114.00 price target on shares of Charles Schwab in a report on Monday, January 5th. Morgan Stanley lifted their target price on shares of Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a report on Monday, December 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Charles Schwab in a research note on Thursday, January 22nd. UBS Group raised their price target on shares of Charles Schwab from $123.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Finally, TD Cowen lifted their price objective on shares of Charles Schwab from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $115.95.

Charles Schwab Trading Up 2.3%

SCHW opened at $97.52 on Friday. The firm has a market capitalization of $173.29 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94. The company’s 50 day simple moving average is $100.44 and its two-hundred day simple moving average is $96.51. The Charles Schwab Corporation has a 1-year low of $65.88 and a 1-year 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 posted its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.32 by $0.07. Charles Schwab had a return on equity of 22.07% and a net margin of 37.01%.During the same period in the previous year, the firm earned $1.01 earnings per share. The business’s 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. Analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders 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. 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 1.3%. Charles Schwab’s dividend payout ratio is 27.47%.

Insider Buying and Selling

In other Charles Schwab news, Chairman Walter W. Bettinger sold 162,462 shares of Charles Schwab stock in a transaction dated 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 transaction, the chairman directly owned 529,346 shares of the company’s stock, valued at $54,999,049.40. The trade was a 23.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan S. Beatty sold 2,000 shares of the business’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the transaction, the insider owned 21,768 shares in the company, valued at $2,285,640. The trade was a 8.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 348,344 shares of company stock worth $36,259,555 in the last quarter. 6.30% of the stock is currently owned by 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.