Ameriprise Financial Inc. Sells 1,090,220 Shares of The Charles Schwab Corporation $SCHW

Ameriprise Financial Inc. cut its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 11.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,072,015 shares of the financial services provider’s stock after selling 1,090,220 shares during the quarter. Ameriprise Financial Inc. owned about 0.45% of Charles Schwab worth $770,636,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SCHW. Norges Bank acquired a new position in shares of Charles Schwab in the second quarter valued at approximately $1,889,858,000. Brown Advisory Inc. raised its holdings in shares of Charles Schwab by 88.4% during the second quarter. Brown Advisory Inc. now owns 12,162,260 shares of the financial services provider’s stock worth $1,109,687,000 after acquiring an additional 5,708,208 shares during the period. Primecap Management Co. CA lifted its position in Charles Schwab by 35.9% in the 2nd quarter. Primecap Management Co. CA now owns 19,034,806 shares of the financial services provider’s stock valued at $1,736,736,000 after acquiring an additional 5,032,728 shares in the last quarter. Vanguard Group Inc. boosted its stake in Charles Schwab by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 151,182,081 shares of the financial services provider’s stock worth $13,793,853,000 after purchasing an additional 2,786,829 shares during the period. Finally, Mondrian Investment Partners LTD acquired a new position in Charles Schwab in the 3rd quarter worth $169,104,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Charles Schwab news, insider Dennis Howard sold 10,108 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $94.60, for a total value of $956,216.80. Following the transaction, the insider directly owned 10,470 shares in the company, valued at $990,462. The trade was a 49.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nigel J. Murtagh sold 7,203 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 $681,475.83. Following the completion of the transaction, the insider directly owned 57,972 shares in the company, valued at $5,484,730.92. The trade was a 11.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 415,568 shares of company stock worth $42,639,058 in the last quarter. Company insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

SCHW has been the topic of several recent research reports. Bank of America lifted their price target on Charles Schwab from $88.00 to $91.00 and gave the company an “underperform” rating in a research note on Wednesday, December 10th. Wolfe Research set a $120.00 price objective on Charles Schwab in a research report on Monday, January 12th. Raymond James Financial reiterated an “outperform” rating and set a $114.00 price objective on shares of Charles Schwab in a report on Monday, January 5th. TD Cowen lifted their target price on Charles Schwab from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Finally, Piper Sandler boosted their target price on Charles Schwab from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. One equities research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.95.

Charles Schwab Stock Performance

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 firm’s fifty day moving average price is $98.97 and its two-hundred day moving average price is $96.33. The firm has a market capitalization of $163.15 billion, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 0.75 and a beta of 0.93. 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 issued its earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.07. The business had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $6.19 billion. Charles Schwab had a net margin of 37.01% and a return on equity of 21.97%. Charles Schwab’s revenue was up 18.9% on a year-over-year basis. During the same period last year, the business posted $1.01 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, research analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently announced 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 dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, February 13th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.27. Charles Schwab’s payout ratio is presently 27.47%.

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.