The Charles Schwab Corporation $SCHW Shares Purchased by Cullen Investment Group LTD.

Cullen Investment Group LTD. boosted its position in The Charles Schwab Corporation (NYSE:SCHW) by 198.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,479 shares of the financial services provider’s stock after buying an additional 49,556 shares during the period. Charles Schwab makes up approximately 1.0% of Cullen Investment Group LTD.’s investment portfolio, making the stock its 28th largest holding. Cullen Investment Group LTD.’s holdings in Charles Schwab were worth $7,461,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Beacon Financial Strategies CORP purchased a new position in Charles Schwab during the 4th quarter worth approximately $29,000. Salvus Wealth Management LLC boosted its holdings in shares of Charles Schwab by 1.0% in the 4th quarter. Salvus Wealth Management LLC now owns 73,041 shares of the financial services provider’s stock valued at $7,298,000 after acquiring an additional 692 shares during the last quarter. Fiduciary Financial Group LLC boosted its holdings in shares of Charles Schwab by 0.3% in the 4th quarter. Fiduciary Financial Group LLC now owns 44,888 shares of the financial services provider’s stock valued at $4,485,000 after acquiring an additional 137 shares during the last quarter. M.E. Allison & CO. Inc. acquired a new stake in shares of Charles Schwab in the fourth quarter worth $201,000. Finally, Balefire LLC increased its stake in shares of Charles Schwab by 0.9% in the fourth quarter. Balefire LLC now owns 14,243 shares of the financial services provider’s stock worth $1,423,000 after acquiring an additional 131 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

SCHW has been the subject of a number of research reports. TD Cowen boosted their target price 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. Weiss Ratings raised Charles Schwab from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Raymond James Financial reiterated an “outperform” rating and set a $114.00 price objective on shares of Charles Schwab in a research note on Monday, January 5th. Piper Sandler boosted their price objective on Charles Schwab from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Finally, Morgan Stanley upped their target price on Charles Schwab from $139.00 to $148.00 and gave the stock an “overweight” rating in a research note on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Charles Schwab has an average rating of “Moderate Buy” and a consensus price target of $115.95.

Charles Schwab Stock Performance

Shares of NYSE SCHW opened at $95.08 on Thursday. The company has a market capitalization 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. 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’s fifty day moving average price is $97.77 and its 200 day moving average price is $96.25. The Charles Schwab Corporation has a 1 year low of $65.88 and a 1 year high of $107.50.

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 analysts’ consensus estimates of $1.32 by $0.07. The company 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 21.97%. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.01 earnings per share. 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a $0.32 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.28 annualized dividend and a dividend yield of 1.3%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.27. Charles Schwab’s dividend payout ratio (DPR) is presently 27.47%.

Insider Transactions at Charles Schwab

In related news, insider Dennis Howard sold 27,903 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $95.02, for a total value of $2,651,343.06. Following the completion of the transaction, the insider owned 10,470 shares of the company’s stock, valued at approximately $994,859.40. This represents a 72.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher V. Dodds sold 11,825 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $104.55, for a total value of $1,236,303.75. Following the transaction, the director owned 449,406 shares in the company, valued at $46,985,397.30. This represents a 2.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 413,568 shares of company stock worth $42,435,038 over the last quarter. Company insiders own 6.30% of the company’s stock.

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.