Beck Mack & Oliver LLC Reduces Stock Holdings in The Charles Schwab Corporation $SCHW

Beck Mack & Oliver LLC lessened its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 1.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,063,673 shares of the financial services provider’s stock after selling 40,398 shares during the period. Charles Schwab makes up approximately 3.6% of Beck Mack & Oliver LLC’s portfolio, making the stock its 8th biggest holding. Beck Mack & Oliver LLC’s holdings in Charles Schwab were worth $197,019,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. West Branch Capital LLC bought a new stake in Charles Schwab during the third quarter worth $27,000. Newbridge Financial Services Group Inc. grew its stake in Charles Schwab by 233.6% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 357 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 250 shares during the period. Redmont Wealth Advisors LLC purchased a new stake in shares of Charles Schwab during the 3rd quarter valued at $34,000. Evelyn Partners Asset Management Ltd purchased a new stake in shares of Charles Schwab during the 2nd quarter valued at $33,000. Finally, Howard Hughes Medical Institute bought a new stake in shares of Charles Schwab during the 2nd quarter worth $34,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SCHW has been the subject of several research reports. Truist Financial increased their price target 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. TD Cowen lifted their price objective on shares of Charles Schwab from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Raymond James Financial reissued an “outperform” rating and set a $114.00 target price on shares of Charles Schwab in a research report on Monday, January 5th. Wolfe Research set a $120.00 price target on shares of Charles Schwab in a research note on Monday, January 12th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Charles Schwab in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $115.95.

Charles Schwab Stock Performance

Shares of SCHW opened at $93.11 on Friday. The Charles Schwab Corporation has a 52-week low of $65.88 and a 52-week high of $107.50. The stock’s 50-day simple moving average is $98.97 and its 200 day simple moving average is $96.33. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market capitalization of $163.15 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 0.75 and a beta of 0.93.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.07. Charles Schwab had a return on equity of 21.97% and a net margin of 37.01%.The business had revenue of $6.34 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same quarter in the previous year, the firm earned $1.01 EPS. The company’s quarterly 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. Research analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The company 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 is a boost from Charles Schwab’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. Charles Schwab’s payout ratio is currently 27.47%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 67,514 shares of the stock in a transaction that occurred on 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 directly owned 529,346 shares in the company, valued at $55,184,320.50. This represents a 11.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dennis Howard sold 10,108 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $94.60, for a total transaction of $956,216.80. Following the completion of the transaction, the insider directly owned 10,470 shares of the company’s stock, valued at approximately $990,462. The trade was a 49.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 415,568 shares of company stock worth $42,639,058 in the last ninety days. Insiders own 6.30% of the company’s stock.

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.