Bank of Montreal Can Has $295.51 Million Stock Holdings in The Charles Schwab Corporation $SCHW

Bank of Montreal Can increased its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 3.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,095,284 shares of the financial services provider’s stock after purchasing an additional 110,524 shares during the quarter. Bank of Montreal Can owned approximately 0.17% of Charles Schwab worth $295,507,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. West Branch Capital LLC acquired a new position in shares of Charles Schwab in the 3rd quarter worth approximately $27,000. Evelyn Partners Asset Management Ltd acquired a new stake in Charles Schwab during the 2nd quarter valued at $33,000. Howard Hughes Medical Institute bought a new position in Charles Schwab in the 2nd quarter valued at $34,000. Redmont Wealth Advisors LLC acquired a new position in Charles Schwab in the third quarter worth $34,000. Finally, FSA Wealth Management LLC acquired a new position in Charles Schwab in the second quarter worth $36,000. 84.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SCHW has been the subject of a number of research reports. Citigroup restated a “market outperform” rating on shares of Charles Schwab in a research note on Monday, January 12th. Morgan Stanley increased their price objective on shares of Charles Schwab from $139.00 to $148.00 and gave the stock an “overweight” rating in a report on Monday, December 22nd. TD Cowen raised 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. Truist Financial upped their target price on shares of Charles Schwab from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Charles Schwab in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.95.

Charles Schwab Stock Performance

Charles Schwab stock opened at $93.21 on Wednesday. The company has a market cap of $163.33 billion, a PE ratio of 20.00, a PEG ratio of 0.76 and a beta of 0.93. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.52. The Charles Schwab Corporation has a 1 year low of $65.88 and a 1 year high of $107.50. The company’s 50-day moving average is $99.47 and its two-hundred day moving average is $96.43.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.32 by $0.07. Charles Schwab had a net margin of 37.01% and a return on equity of 21.97%. The company had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter in the previous year, the company earned $1.01 EPS. Charles Schwab’s revenue was up 18.9% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Equities analysts anticipate that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, February 13th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.27. Charles Schwab’s dividend payout ratio is presently 27.47%.

Insider Buying and Selling

In other news, Director Christopher V. Dodds sold 11,825 shares of the firm’s stock in a transaction 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 directly owned 449,406 shares in the company, valued at $46,985,397.30. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul V. Woolway sold 15,884 shares of Charles Schwab stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $95.12, for a total value of $1,510,886.08. Following the sale, the insider directly owned 35,992 shares of the company’s stock, valued at approximately $3,423,559.04. This trade represents a 30.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 415,568 shares of company stock worth $42,639,058 over the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

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.