Van ECK Associates Corp Sells 276,589 Shares of The Charles Schwab Corporation $SCHW

Van ECK Associates Corp lessened its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 12.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,914,212 shares of the financial services provider’s stock after selling 276,589 shares during the quarter. Van ECK Associates Corp’s holdings in Charles Schwab were worth $182,749,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SCHW. West Branch Capital LLC acquired a new stake in Charles Schwab during the 3rd quarter worth approximately $27,000. Redmont Wealth Advisors LLC bought a new stake in Charles Schwab during the third quarter worth about $34,000. Evelyn Partners Asset Management Ltd acquired a new stake in shares of Charles Schwab during the 2nd quarter worth approximately $33,000. Howard Hughes Medical Institute bought a new position in shares of Charles Schwab in the 2nd quarter valued at $34,000. Finally, Steph & Co. raised its stake in Charles Schwab by 74.7% during the third quarter. Steph & Co. now owns 386 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 165 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

SCHW stock opened at $93.21 on Wednesday. The firm has a market cap of $163.33 billion, a P/E ratio of 20.00, a P/E/G ratio of 0.76 and a beta of 0.93. The Charles Schwab Corporation has a 52 week low of $65.88 and a 52 week high of $107.50. The firm’s fifty day moving average is $99.47 and its 200 day moving average is $96.43. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.62 and a current ratio of 0.62.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. Charles Schwab had a net margin of 37.01% and a return on equity of 21.97%. The business had revenue of $6.34 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same quarter last year, the firm earned $1.01 EPS. The company’s revenue was up 18.9% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Research analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a dividend of $0.32 per share. This is an increase from Charles Schwab’s previous quarterly dividend of $0.27. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, February 13th. Charles Schwab’s dividend payout ratio is presently 27.47%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SCHW shares. Raymond James Financial reiterated an “outperform” rating and issued a $114.00 price objective on shares of Charles Schwab in a report on Monday, January 5th. Citigroup restated a “market outperform” rating on shares of Charles Schwab in a report on Monday, January 12th. Wolfe Research set a $120.00 target price on Charles Schwab in a research report on Monday, January 12th. Morgan Stanley raised their price target on shares of Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a research report on Monday, December 22nd. Finally, Bank of America upped their price objective on shares of Charles Schwab from $88.00 to $91.00 and gave the stock an “underperform” rating in a research report on Wednesday, December 10th. One 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 stock. According to data from MarketBeat, Charles Schwab has a consensus rating of “Moderate Buy” and a consensus target price of $115.95.

Insider Buying and Selling

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 7,595 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $104.38, for a total value of $792,766.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the chairman owned 529,346 shares in the company, valued at $54,999,049.40. This trade represents a 23.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 415,568 shares of company stock valued at $42,639,058 over 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.