CenterBook Partners LP Has $5.67 Million Stake in The Charles Schwab Corporation $SCHW

CenterBook Partners LP grew its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 153.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,395 shares of the financial services provider’s stock after acquiring an additional 36,002 shares during the quarter. CenterBook Partners LP’s holdings in Charles Schwab were worth $5,670,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Charles Schwab by 0.3% in the third quarter. Vanguard Group Inc. now owns 151,585,214 shares of the financial services provider’s stock valued at $14,471,840,000 after buying an additional 403,133 shares in the last quarter. State Street Corp raised its holdings in shares of Charles Schwab by 0.7% during the second quarter. State Street Corp now owns 72,464,619 shares of the financial services provider’s stock worth $6,611,672,000 after acquiring an additional 531,329 shares during the period. Geode Capital Management LLC lifted its position in Charles Schwab by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 37,381,183 shares of the financial services provider’s stock valued at $3,399,181,000 after acquiring an additional 1,038,376 shares in the last quarter. Franklin Resources Inc. boosted its stake in Charles Schwab by 2.8% in the 2nd quarter. Franklin Resources Inc. now owns 30,035,937 shares of the financial services provider’s stock worth $2,740,479,000 after purchasing an additional 815,625 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in Charles Schwab by 1.0% during the 2nd quarter. Fisher Asset Management LLC now owns 21,376,690 shares of the financial services provider’s stock worth $1,950,409,000 after purchasing an additional 211,527 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Activity

In other Charles Schwab news, Chairman Walter W. Bettinger sold 162,462 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $103.90, for a total value of $16,879,801.80. Following the sale, the chairman owned 529,346 shares in the company, valued at $54,999,049.40. This represents a 23.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Peter J. Morgan III sold 7,595 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $104.38, for a total value of $792,766.10. The disclosure for this sale is available in the SEC filing. Insiders have sold 348,344 shares of company stock valued at $36,259,555 over the last quarter. 6.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Charles Schwab in a report on Thursday, January 22nd. Piper Sandler lifted their target price on Charles Schwab from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Barclays upped their price target on Charles Schwab from $125.00 to $126.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. Truist Financial raised their price target on shares of Charles Schwab from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, UBS Group boosted their price objective on shares of Charles Schwab from $123.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Charles Schwab currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.95.

Charles Schwab Stock Down 0.8%

NYSE:SCHW opened at $92.97 on Wednesday. The Charles Schwab Corporation has a twelve month low of $65.88 and a twelve month high of $107.50. The firm has a market capitalization of $165.20 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 0.76 and a beta of 0.94. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average price is $100.69 and its two-hundred day moving average price is $96.61.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data 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. The company had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $6.19 billion. Charles Schwab had a return on equity of 22.07% and a net margin of 37.01%.The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Equities research analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently disclosed 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. This is a boost from Charles Schwab’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. Charles Schwab’s 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.