Prana Capital Management LP Acquires Shares of 461,585 The Charles Schwab Corporation $SCHW

Prana Capital Management LP bought a new stake in The Charles Schwab Corporation (NYSE:SCHW) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 461,585 shares of the financial services provider’s stock, valued at approximately $44,068,000. Charles Schwab comprises approximately 1.5% of Prana Capital Management LP’s holdings, making the stock its 24th largest holding.

Several other hedge funds have also made changes to their positions in the business. Brighton Jones LLC grew its stake in shares of Charles Schwab by 380.5% in the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock valued at $1,794,000 after purchasing an additional 19,195 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Charles Schwab by 21.6% in the second quarter. Sivia Capital Partners LLC now owns 4,553 shares of the financial services provider’s stock valued at $415,000 after purchasing an additional 809 shares during the period. United Bank raised its stake 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 purchasing an additional 1,070 shares during the last quarter. Avantax Advisory Services Inc. lifted 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 purchasing an additional 8,197 shares during the period. Finally, Kingsview Wealth Management LLC lifted its holdings in shares of Charles Schwab by 10.8% during the second quarter. Kingsview Wealth Management LLC now owns 5,579 shares of the financial services provider’s stock worth $509,000 after purchasing an additional 544 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity at Charles Schwab

In related news, Director Christopher V. Dodds sold 11,825 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $104.55, for a total value of $1,236,303.75. Following the completion of the transaction, the director directly owned 449,406 shares of the company’s stock, valued at $46,985,397.30. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Walter W. Bettinger sold 67,514 shares of Charles Schwab 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 directly owned 529,346 shares of the company’s stock, valued at approximately $55,184,320.50. This represents a 11.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 415,568 shares of company stock worth $42,639,058. 6.30% of the stock is currently owned by company insiders.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $93.95 on Wednesday. The firm has a market capitalization of $164.62 billion, a P/E ratio of 20.16, a PEG 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’s fifty day moving average is $98.58 and its two-hundred day moving average is $96.29. 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 posted its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share 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 analysts’ expectations of $6.19 billion. During the same period in the prior year, the company posted $1.01 EPS. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. 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. Charles Schwab’s dividend payout ratio is 27.47%.

Analyst Ratings Changes

Several brokerages have issued reports on SCHW. Weiss Ratings reissued a “hold (c+)” rating on shares of Charles Schwab in a research note on Thursday, January 22nd. Bank of America raised their target price on shares of Charles Schwab from $88.00 to $91.00 and gave the stock an “underperform” rating in a research note on Wednesday, December 10th. Raymond James Financial reaffirmed an “outperform” rating and issued a $114.00 target price on shares of Charles Schwab in a report on Monday, January 5th. Citizens Jmp boosted their price target on shares of Charles Schwab from $110.00 to $120.00 and gave the stock a “market outperform” rating in a research note on Monday, January 12th. Finally, Wolfe Research set a $120.00 price objective on shares of Charles Schwab in a research report on Monday, January 12th. One research 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 assigned a Sell rating to the company’s stock. According to MarketBeat, Charles Schwab has a consensus rating of “Moderate Buy” and an average price target of $115.95.

Charles Schwab 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.