Swiss Life Asset Management Ltd Purchases 104,576 Shares of The Charles Schwab Corporation $SCHW

Swiss Life Asset Management Ltd raised its position in The Charles Schwab Corporation (NYSE:SCHW) by 36.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 390,697 shares of the financial services provider’s stock after acquiring an additional 104,576 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Charles Schwab were worth $37,300,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SCHW. Norges Bank bought a new stake in shares of Charles Schwab in the second quarter worth about $1,889,858,000. Brown Advisory Inc. raised its position in Charles Schwab by 88.4% during the 2nd quarter. Brown Advisory Inc. now owns 12,162,260 shares of the financial services provider’s stock valued at $1,109,687,000 after purchasing an additional 5,708,208 shares during the last quarter. Primecap Management Co. CA lifted its holdings in Charles Schwab by 35.9% in the 2nd quarter. Primecap Management Co. CA now owns 19,034,806 shares of the financial services provider’s stock worth $1,736,736,000 after buying an additional 5,032,728 shares during the period. Mondrian Investment Partners LTD purchased a new stake in Charles Schwab in the 3rd quarter worth approximately $169,104,000. Finally, First Trust Advisors LP grew its position in shares of Charles Schwab by 292.7% in the 3rd quarter. First Trust Advisors LP now owns 2,206,320 shares of the financial services provider’s stock worth $210,637,000 after buying an additional 1,644,503 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Trading Down 0.7%

NYSE:SCHW opened at $93.23 on Thursday. The firm has a market capitalization of $163.35 billion, a P/E ratio of 20.01, a PEG ratio of 0.76 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. The Charles Schwab Corporation has a one year low of $65.88 and a one year high of $107.50. The company’s 50-day simple moving average is $98.41 and its 200 day simple moving average is $96.27.

Charles Schwab (NYSE:SCHW) last announced 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 net margin of 37.01% and a return on equity of 21.97%. The business had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter last year, the firm earned $1.01 earnings per share. 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. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a dividend of $0.32 per share. The ex-dividend date 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 yield of 1.4%. Charles Schwab’s dividend payout ratio (DPR) is presently 27.47%.

Insider Buying and Selling at Charles Schwab

In other news, insider Paul V. Woolway sold 15,884 shares of Charles Schwab stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $95.12, for a total value of $1,510,886.08. Following the completion of the transaction, the insider owned 35,992 shares of the company’s stock, valued at $3,423,559.04. The trade was a 30.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher V. Dodds sold 11,825 shares of the company’s 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 in the company, valued at approximately $46,985,397.30. The trade was a 2.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 415,568 shares of company stock valued at $42,639,058 in the last ninety days. Corporate insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on SCHW. Raymond James Financial restated an “outperform” rating and set a $114.00 target price on shares of Charles Schwab in a report on Monday, January 5th. Deutsche Bank Aktiengesellschaft reaffirmed 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 objective on shares of Charles Schwab in a report on Monday, January 12th. UBS Group raised their target price on shares of Charles Schwab from $123.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Piper Sandler boosted their price target on shares of Charles Schwab from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. One 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently 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.