Wealth Enhancement Advisory Services LLC Buys 23,762 Shares of The Charles Schwab Corporation $SCHW

Wealth Enhancement Advisory Services LLC raised its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,152,841 shares of the financial services provider’s stock after buying an additional 23,762 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.06% of Charles Schwab worth $119,396,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. West Branch Capital LLC bought a new stake in shares of Charles Schwab in the third quarter worth $27,000. GoalVest Advisory LLC bought a new position in Charles Schwab in the fourth quarter valued at about $28,000. Evelyn Partners Asset Management Ltd bought a new position in Charles Schwab in the second quarter valued at about $33,000. Howard Hughes Medical Institute purchased a new position in Charles Schwab in the second quarter worth about $34,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of Charles Schwab during the 3rd quarter worth $34,000. 84.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SCHW. TD Cowen boosted their price objective 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. Bank of America lifted their target price on Charles Schwab from $88.00 to $91.00 and gave the company an “underperform” rating in a research report on Wednesday, December 10th. Citizens Jmp boosted their price target on Charles Schwab from $110.00 to $120.00 and gave the company a “market outperform” rating in a report on Monday, January 12th. Citigroup reaffirmed a “market outperform” rating on shares of Charles Schwab in a research note on Monday, January 12th. Finally, Piper Sandler lifted their price objective on Charles Schwab from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Charles Schwab currently has a consensus rating of “Moderate Buy” and an average target price of $115.95.

Insider Activity at Charles Schwab

In other news, insider Paul V. Woolway sold 6,126 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $94.61, for a total value of $579,580.86. Following the sale, the insider directly owned 29,866 shares in the company, valued at $2,825,622.26. The trade was a 17.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Dennis Howard sold 10,108 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $94.60, for a total transaction of $956,216.80. Following the sale, the insider owned 10,470 shares in the company, valued at $990,462. This represents a 49.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 415,568 shares of company stock valued at $42,639,058 over the last quarter. 6.30% of the stock is currently owned by insiders.

Charles Schwab Trading Up 0.7%

Shares of SCHW opened at $94.66 on Friday. The firm has a market cap of $165.86 billion, a P/E ratio of 20.31, a price-to-earnings-growth 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 1 year low of $65.88 and a 1 year high of $107.50. The company has a 50 day simple moving average of $98.15 and a two-hundred day simple moving average of $96.25.

Charles Schwab (NYSE:SCHW) last issued its 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. The firm had revenue of $6.34 billion during the quarter, compared to analyst estimates of $6.19 billion. Charles Schwab had a net margin of 37.01% and a return on equity of 21.97%. Charles Schwab’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.01 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, equities analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a $0.32 dividend. This is a boost 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 was Friday, February 13th. Charles Schwab’s dividend payout ratio (DPR) is presently 27.47%.

About Charles Schwab

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.