The Charles Schwab Corporation $SCHW Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its position in The Charles Schwab Corporation (NYSE:SCHW) by 6.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,406,616 shares of the financial services provider’s stock after selling 967,617 shares during the period. Alliancebernstein L.P. owned approximately 0.81% of Charles Schwab worth $1,375,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds 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 third quarter valued at about $27,000. Newbridge Financial Services Group Inc. lifted its holdings in shares of Charles Schwab by 233.6% during the third quarter. Newbridge Financial Services Group Inc. now owns 357 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 250 shares during the period. Redmont Wealth Advisors LLC acquired a new stake in shares of Charles Schwab during the third quarter worth about $34,000. Evelyn Partners Asset Management Ltd purchased a new stake in Charles Schwab in the second quarter valued at approximately $33,000. Finally, Howard Hughes Medical Institute acquired a new position in Charles Schwab in the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SCHW shares. Piper Sandler raised their price target on shares of Charles Schwab from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Bank of America upped their price objective on shares of Charles Schwab from $88.00 to $91.00 and gave the company an “underperform” rating in a report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $131.00 price objective on shares of Charles Schwab in a research note on Thursday, January 22nd. Truist Financial boosted their target price on shares of Charles Schwab from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Finally, TD Cowen upped their price target on shares of Charles Schwab from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.95.

Charles Schwab Trading Up 2.0%

Shares of NYSE:SCHW opened at $93.11 on Friday. 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 12-month low of $65.88 and a 12-month high of $107.50. The business has a 50 day moving average of $98.97 and a two-hundred day moving average of $96.33. The company has a market capitalization of $163.15 billion, a PE ratio of 19.98, a PEG ratio of 0.75 and a beta of 0.93.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. The business had revenue of $6.34 billion for 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 business’s revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the company earned $1.01 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a dividend of $0.32 per share. 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 payout ratio is currently 27.47%.

Insider Activity at Charles Schwab

In other news, insider Paul V. Woolway sold 6,126 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $94.61, for a total transaction of $579,580.86. Following the sale, the insider directly owned 29,866 shares of the company’s stock, valued at $2,825,622.26. This represents a 17.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Walter W. Bettinger sold 67,514 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $104.25, for a total value of $7,038,334.50. Following the sale, the chairman owned 529,346 shares in the company, valued at $55,184,320.50. This trade represents a 11.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 415,568 shares of company stock valued at $42,639,058 in the last quarter. 6.30% of the stock is currently owned by 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.