Allworth Financial LP Acquires 9,361 Shares of The Charles Schwab Corporation $SCHW

Allworth Financial LP increased its stake in The Charles Schwab Corporation (NYSE:SCHW) by 22.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 51,752 shares of the financial services provider’s stock after purchasing an additional 9,361 shares during the quarter. Allworth Financial LP’s holdings in Charles Schwab were worth $4,941,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its holdings in Charles Schwab by 3.0% during the 3rd quarter. IFP Advisors Inc now owns 20,707 shares of the financial services provider’s stock worth $1,977,000 after buying an additional 609 shares in the last quarter. Swiss Life Asset Management Ltd grew its stake in Charles Schwab by 36.5% in the third quarter. Swiss Life Asset Management Ltd now owns 390,697 shares of the financial services provider’s stock valued at $37,300,000 after purchasing an additional 104,576 shares in the last quarter. Groupama Asset Managment raised its holdings in shares of Charles Schwab by 14.6% in the 3rd quarter. Groupama Asset Managment now owns 37,753 shares of the financial services provider’s stock valued at $3,604,000 after purchasing an additional 4,799 shares during the period. Strategic Advocates LLC bought a new stake in shares of Charles Schwab during the 3rd quarter worth about $95,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in Charles Schwab during the 3rd quarter worth $86,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $94.66 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.62 and a current ratio of 0.62. The company has a 50 day simple moving average of $98.15 and a two-hundred day simple moving average of $96.25. 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 market capitalization of $165.86 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 0.76 and a beta of 0.93.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share (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 analyst estimates of $6.19 billion. Charles Schwab had a return on equity of 21.97% and a net margin of 37.01%.Charles Schwab’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 EPS. 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 declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a dividend of $0.32 per share. This is a boost from Charles Schwab’s previous quarterly dividend of $0.27. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, February 13th. Charles Schwab’s dividend payout ratio is presently 27.47%.

Insiders Place Their Bets

In related news, insider Nigel J. Murtagh sold 7,203 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $94.61, for a total value of $681,475.83. Following the transaction, the insider directly owned 57,972 shares of the company’s stock, valued at approximately $5,484,730.92. The trade was a 11.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher V. Dodds sold 11,825 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were 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 of the company’s stock, valued at approximately $46,985,397.30. This trade represents a 2.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 415,568 shares of company stock worth $42,639,058 in the last three months. 6.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SCHW. UBS Group upped their price target on shares of Charles Schwab from $123.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Citizens Jmp raised their price target 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. Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a research report on Monday, January 12th. Wolfe Research set a $120.00 target price on Charles Schwab in a research note on Monday, January 12th. Finally, TD Cowen raised their price target 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. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $115.95.

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.