Farallon Capital Management LLC Sells 707,400 Shares of The Charles Schwab Corporation $SCHW

Farallon Capital Management LLC lowered its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 17.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,251,657 shares of the financial services provider’s stock after selling 707,400 shares during the quarter. Charles Schwab accounts for about 1.3% of Farallon Capital Management LLC’s portfolio, making the stock its 24th biggest position. Farallon Capital Management LLC owned about 0.18% of Charles Schwab worth $310,436,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SCHW. Brighton Jones LLC lifted its stake in Charles Schwab by 380.5% in the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock valued at $1,794,000 after buying an additional 19,195 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of Charles Schwab by 21.6% during the second quarter. Sivia Capital Partners LLC now owns 4,553 shares of the financial services provider’s stock worth $415,000 after acquiring an additional 809 shares in the last quarter. United Bank increased its position in shares of Charles Schwab by 7.1% during the second quarter. United Bank now owns 16,053 shares of the financial services provider’s stock worth $1,465,000 after acquiring an additional 1,070 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Charles Schwab by 7.4% during the second quarter. Cetera Investment Advisers now owns 428,463 shares of the financial services provider’s stock worth $39,093,000 after acquiring an additional 29,339 shares during the period. Finally, Avantax Advisory Services Inc. raised its holdings in shares of Charles Schwab by 11.6% during the second quarter. Avantax Advisory Services Inc. now owns 78,658 shares of the financial services provider’s stock worth $7,177,000 after acquiring an additional 8,197 shares during the period. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In other Charles Schwab news, insider Nigel J. Murtagh sold 7,203 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $94.61, for a total transaction of $681,475.83. Following the completion of the sale, the insider owned 57,972 shares of the company’s stock, valued at $5,484,730.92. This trade represents a 11.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher V. Dodds sold 11,825 shares of Charles Schwab stock in a transaction on Friday, February 6th. The stock was sold at an average price of $104.55, for a total transaction of $1,236,303.75. Following the transaction, the director directly owned 449,406 shares of the company’s stock, valued at approximately $46,985,397.30. This trade represents a 2.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 415,568 shares of company stock valued at $42,639,058. Insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SCHW shares. Barclays upped their target price on shares of Charles Schwab from $125.00 to $126.00 and gave the stock an “overweight” rating in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $131.00 price target on shares of Charles Schwab in a research note on Thursday, January 22nd. Wolfe Research set a $120.00 price target on Charles Schwab in a report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Charles Schwab in a research report on Thursday, January 22nd. Finally, Citigroup reiterated 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 issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Charles Schwab has an average rating of “Moderate Buy” and a consensus price target of $115.95.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $93.11 on Monday. The company has a fifty day moving average price of $98.97 and a two-hundred day moving average price of $96.33. The Charles Schwab Corporation has a one year low of $65.88 and a one year high of $107.50. The stock has a market cap of $163.15 billion, a P/E ratio of 19.98, a P/E/G ratio of 0.75 and a beta of 0.93. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.62 and a quick ratio of 0.62.

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 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 company had revenue of $6.34 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same period in the prior year, the firm earned $1.01 EPS. Charles Schwab’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. As a group, equities analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 13th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.27. 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.