DAVENPORT & Co LLC Has $19.89 Million Stock Holdings in The Charles Schwab Corporation $SCHW

DAVENPORT & Co LLC decreased its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 6.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 198,886 shares of the financial services provider’s stock after selling 13,325 shares during the period. DAVENPORT & Co LLC’s holdings in Charles Schwab were worth $19,891,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of SCHW. ZWJ Investment Counsel Inc. lifted its position in Charles Schwab by 4.6% during the third quarter. ZWJ Investment Counsel Inc. now owns 2,390 shares of the financial services provider’s stock worth $228,000 after acquiring an additional 106 shares during the last quarter. Nicolet Bankshares Inc. grew its position in shares of Charles Schwab by 0.8% in the second quarter. Nicolet Bankshares Inc. now owns 13,049 shares of the financial services provider’s stock valued at $1,191,000 after purchasing an additional 107 shares during the last quarter. First PREMIER Bank grew its position in shares of Charles Schwab by 23.8% in the third quarter. First PREMIER Bank now owns 557 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 107 shares during the last quarter. Harfst & Associates Inc. increased its stake in shares of Charles Schwab by 0.3% during the third quarter. Harfst & Associates Inc. now owns 33,724 shares of the financial services provider’s stock worth $3,220,000 after purchasing an additional 107 shares during the period. Finally, Marshall Financial Group LLC increased its stake in shares of Charles Schwab by 3.5% during the third quarter. Marshall Financial Group LLC now owns 3,224 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Price Performance

Charles Schwab stock opened at $95.08 on Thursday. The stock’s fifty day moving average price is $97.77 and its two-hundred day moving average price is $96.25. The Charles Schwab Corporation has a one year low of $65.88 and a one year high of $107.50. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market cap of $166.60 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 0.77 and a beta of 0.93.

Charles Schwab (NYSE:SCHW) last released its earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.07. The firm had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $6.19 billion. Charles Schwab had a return on equity of 21.97% and a net margin of 37.01%.The company’s revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.01 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, research analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a dividend of $0.32 per share. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.27. This represents a $1.28 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, February 13th. Charles Schwab’s dividend payout ratio (DPR) is currently 27.47%.

Insider Buying and Selling at Charles Schwab

In other news, insider Paul V. Woolway sold 6,126 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $94.61, for a total transaction of $579,580.86. Following the completion of the sale, the insider owned 29,866 shares of the company’s stock, valued at approximately $2,825,622.26. This represents a 17.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dennis Howard sold 10,108 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $94.60, for a total transaction of $956,216.80. Following the sale, the insider owned 10,470 shares in the company, valued at $990,462. This represents a 49.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 413,568 shares of company stock valued at $42,435,038 over the last three months. 6.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SCHW. Piper Sandler boosted their price target on Charles Schwab from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. UBS Group lifted their target price on Charles Schwab from $123.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Raymond James Financial reissued an “outperform” rating and issued a $114.00 target price on shares of Charles Schwab in a research report on Monday, January 5th. Citizens Jmp upped their price target on shares of Charles Schwab from $110.00 to $120.00 and gave the company a “market outperform” rating in a research note on Monday, January 12th. Finally, Bank of America raised their price target on shares of Charles Schwab from $88.00 to $91.00 and gave the stock an “underperform” rating in a research report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $115.95.

About Charles Schwab

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.