Arrowstreet Capital Limited Partnership Boosts Stock Position in The Charles Schwab Corporation $SCHW

Arrowstreet Capital Limited Partnership grew its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 15.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,323,392 shares of the financial services provider’s stock after buying an additional 702,838 shares during the period. Arrowstreet Capital Limited Partnership owned 0.30% of Charles Schwab worth $508,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in SCHW. Keystone Financial Services increased its stake in Charles Schwab by 5.7% in the third quarter. Keystone Financial Services now owns 20,369 shares of the financial services provider’s stock valued at $1,945,000 after purchasing an additional 1,092 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Charles Schwab by 5.0% in the 3rd quarter. Invesco Ltd. now owns 15,941,021 shares of the financial services provider’s stock valued at $1,521,889,000 after buying an additional 765,623 shares in the last quarter. Seven Mile Advisory acquired a new position in shares of Charles Schwab in the 3rd quarter valued at $346,000. Employees Retirement System of Texas grew its position in shares of Charles Schwab by 16.3% in the 3rd quarter. Employees Retirement System of Texas now owns 917,350 shares of the financial services provider’s stock valued at $87,579,000 after buying an additional 128,553 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Charles Schwab by 10.4% during the 3rd quarter. Sei Investments Co. now owns 1,706,322 shares of the financial services provider’s stock worth $162,901,000 after acquiring an additional 160,582 shares in the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Chairman Walter W. Bettinger sold 162,462 shares of Charles Schwab stock in a transaction that occurred on 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 completion of the sale, the chairman directly owned 529,346 shares in the company, valued at approximately $54,999,049.40. This trade represents a 23.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dennis Howard sold 27,903 shares of the company’s stock in a transaction that occurred on 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 sale, the insider owned 10,470 shares in the company, valued at approximately $994,859.40. This represents a 72.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 415,568 shares of company stock valued at $42,639,058 in the last 90 days. 6.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SCHW. Piper Sandler boosted their price target on shares of Charles Schwab from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Barclays lifted their target price on Charles Schwab from $125.00 to $126.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $131.00 target price on shares of Charles Schwab in a report on Thursday, January 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Charles Schwab in a research report on Thursday, January 22nd. Finally, Bank of America raised their price target on Charles Schwab from $88.00 to $91.00 and gave the stock an “underperform” rating in a research note on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.95.

Charles Schwab Stock Performance

NYSE SCHW opened at $91.17 on Friday. The stock has a market capitalization of $159.75 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 0.75 and a beta of 0.93. The business’s 50 day moving average is $99.14 and its two-hundred day moving average is $96.36. The Charles Schwab Corporation has a 12-month low of $65.88 and a 12-month high of $107.50. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.52.

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 21.97% and a net margin of 37.01%.The business had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $6.19 billion. During the same period last year, the firm earned $1.01 EPS. The company’s quarterly 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. Research analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, February 13th. Charles Schwab’s dividend payout ratio is 27.47%.

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.