Varma Mutual Pension Insurance Co Buys 52,100 Shares of The Charles Schwab Corporation $SCHW

Varma Mutual Pension Insurance Co raised its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 21.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 289,681 shares of the financial services provider’s stock after purchasing an additional 52,100 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Charles Schwab were worth $27,656,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SCHW. Federated Hermes Inc. grew its holdings in shares of Charles Schwab by 2,112.7% during the 2nd quarter. Federated Hermes Inc. now owns 181,793 shares of the financial services provider’s stock worth $16,587,000 after purchasing an additional 173,577 shares in the last quarter. First National Trust Co grew its holdings in shares of Charles Schwab by 82.2% in the 3rd quarter. First National Trust Co now owns 89,224 shares of the financial services provider’s stock worth $8,518,000 after purchasing an additional 40,257 shares during the last quarter. AE Wealth Management LLC raised its stake in shares of Charles Schwab by 131.0% in the third quarter. AE Wealth Management LLC now owns 99,832 shares of the financial services provider’s stock valued at $9,531,000 after acquiring an additional 56,609 shares during the last quarter. W.H. Cornerstone Investments Inc. acquired a new stake in Charles Schwab during the 2nd quarter valued at $246,000. Finally, Optimize Financial Inc bought a new position in Charles Schwab in the 3rd quarter valued at $467,000. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Walter W. Bettinger sold 67,514 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $104.25, for a total value of $7,038,334.50. Following the completion of the sale, the chairman owned 529,346 shares in the company, valued at approximately $55,184,320.50. This represents a 11.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jonathan S. Beatty sold 2,000 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the completion of the transaction, the insider directly owned 21,768 shares in the company, valued at $2,285,640. The trade was a 8.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 348,344 shares of company stock valued at $36,259,555 in the last three months. 6.30% of the stock is currently owned by company insiders.

Charles Schwab Stock Down 3.7%

Shares of NYSE SCHW opened at $95.54 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $169.76 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 0.80 and a beta of 0.94. The firm’s 50-day moving average is $100.73 and its 200-day moving average is $96.72. 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 announced its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.07. Charles Schwab had a net margin of 37.01% and a return on equity of 22.07%. The business had revenue of $6.34 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same period in the prior year, the business posted $1.01 earnings per share. Charles Schwab’s 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. Equities analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a $0.32 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.28 annualized dividend and a dividend yield of 1.3%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.27. Charles Schwab’s dividend payout ratio is 23.18%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Truist Financial increased their target price on Charles Schwab from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Raymond James Financial reissued an “outperform” rating and set a $114.00 price objective on shares of Charles Schwab in a report on Monday, January 5th. The Goldman Sachs Group restated a “buy” rating and issued a $114.00 price objective on shares of Charles Schwab in a research report on Friday, October 17th. Morgan Stanley upped their target price on shares of Charles Schwab from $139.00 to $148.00 and gave the stock an “overweight” rating in a research report on Monday, December 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $131.00 price target on shares of Charles Schwab in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $115.65.

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.