Danske Bank A S Buys New Position in The Charles Schwab Corporation $SCHW

Danske Bank A S acquired a new stake in shares of The Charles Schwab Corporation (NYSE:SCHW) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,493,597 shares of the financial services provider’s stock, valued at approximately $142,594,000. Danske Bank A S owned 0.08% of Charles Schwab as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Charles Schwab during the 2nd quarter worth about $1,889,858,000. Brown Advisory Inc. raised its holdings in Charles Schwab by 88.4% in the second quarter. Brown Advisory Inc. now owns 12,162,260 shares of the financial services provider’s stock valued at $1,109,687,000 after buying an additional 5,708,208 shares during the period. Primecap Management Co. CA raised its holdings in Charles Schwab by 35.9% in the second quarter. Primecap Management Co. CA now owns 19,034,806 shares of the financial services provider’s stock valued at $1,736,736,000 after buying an additional 5,032,728 shares during the period. Vanguard Group Inc. lifted its position in Charles Schwab by 1.9% during the second quarter. Vanguard Group Inc. now owns 151,182,081 shares of the financial services provider’s stock valued at $13,793,853,000 after buying an additional 2,786,829 shares in the last quarter. Finally, Mondrian Investment Partners LTD acquired a new position in Charles Schwab during the third quarter valued at approximately $169,104,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Charles Schwab

In other news, insider Paul V. Woolway sold 6,126 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $94.61, for a total value of $579,580.86. Following the completion of the sale, the insider directly owned 29,866 shares in the company, valued at approximately $2,825,622.26. The trade was a 17.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Walter W. Bettinger sold 67,514 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $104.25, for a total value of $7,038,334.50. Following the transaction, the chairman owned 529,346 shares in the company, valued at $55,184,320.50. This trade represents a 11.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 415,568 shares of company stock valued at $42,639,058 over the last 90 days. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Trading Up 0.3%

NYSE:SCHW opened at $93.95 on Wednesday. The stock has a market cap of $164.62 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 0.75 and a beta of 0.93. The Charles Schwab Corporation has a one year low of $65.88 and a one year high of $107.50. 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 business’s 50-day simple moving average is $98.58 and its 200 day simple moving average is $96.29.

Charles Schwab (NYSE:SCHW) last released its earnings results 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 analysts’ expectations of $6.19 billion. Charles Schwab had a return on equity of 21.97% and a net margin of 37.01%.The business’s revenue was up 18.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, sell-side analysts predict 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 was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a $0.32 dividend. This is an increase from Charles Schwab’s previous quarterly dividend of $0.27. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, February 13th. Charles Schwab’s dividend payout ratio is presently 27.47%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SCHW. Weiss Ratings reissued a “hold (c+)” rating on shares of Charles Schwab in a research report on Thursday, January 22nd. Raymond James Financial reiterated an “outperform” rating and issued a $114.00 price target on shares of Charles Schwab in a report on Monday, January 5th. Morgan Stanley raised their price objective on Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a research report on Monday, December 22nd. TD Cowen boosted their price objective on Charles Schwab from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, Bank of America increased their target price on Charles Schwab from $88.00 to $91.00 and gave the company an “underperform” rating in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.