The Charles Schwab Corporation $SCHW Stock Position Trimmed by Delta Global Management LP

Delta Global Management LP cut its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 9.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 491,677 shares of the financial services provider’s stock after selling 49,396 shares during the quarter. Charles Schwab accounts for approximately 3.4% of Delta Global Management LP’s investment portfolio, making the stock its 6th biggest holding. Delta Global Management LP’s holdings in Charles Schwab were worth $46,940,000 at the end of the most recent reporting period.

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

Charles Schwab Stock Up 2.0%

SCHW opened at $93.11 on Monday. The Charles Schwab Corporation has a 12 month low of $65.88 and a 12 month high of $107.50. The company has a market cap of $163.15 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 0.75 and a beta of 0.93. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average of $98.97 and a 200 day moving average of $96.33.

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. The business had revenue of $6.34 billion for the quarter, compared to analysts’ expectations of $6.19 billion. Charles Schwab had a net margin of 37.01% and a return on equity of 21.97%. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.01 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, sell-side analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently disclosed 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 positive change 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%.

Insiders Place Their Bets

In other Charles Schwab news, Director Christopher V. Dodds sold 11,825 shares of Charles Schwab stock in a transaction dated 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 completion of the transaction, the director owned 449,406 shares of the company’s stock, valued at $46,985,397.30. The trade was a 2.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Walter W. Bettinger sold 162,462 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were 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 approximately $54,999,049.40. This represents a 23.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 415,568 shares of company stock worth $42,639,058 over the last quarter. Insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SCHW shares. TD Cowen increased their target price on shares of Charles Schwab from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Barclays upped their price objective on Charles Schwab from $125.00 to $126.00 and gave the company an “overweight” rating in a research note on Monday, January 26th. Wolfe Research set a $120.00 target price on Charles Schwab in a research report on Monday, January 12th. Piper Sandler boosted their target price on Charles Schwab from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Finally, Bank of America upped their price target on Charles Schwab from $88.00 to $91.00 and gave the company an “underperform” rating in a research report on Wednesday, December 10th. One 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, the stock has an average rating of “Moderate Buy” and an average price target of $115.95.

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.