Crossmark Global Holdings Inc. Buys 95,053 Shares of The Charles Schwab Corporation $SCHW

Crossmark Global Holdings Inc. lifted its stake in The Charles Schwab Corporation (NYSE:SCHW) by 25.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 465,390 shares of the financial services provider’s stock after purchasing an additional 95,053 shares during the quarter. Charles Schwab comprises 0.7% of Crossmark Global Holdings Inc.’s investment portfolio, making the stock its 23rd largest position. Crossmark Global Holdings Inc.’s holdings in Charles Schwab were worth $46,497,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Piscataqua Savings Bank acquired a new position in Charles Schwab during the 4th quarter valued at about $26,000. GoalVest Advisory LLC acquired a new stake in shares of Charles Schwab during the 4th quarter worth approximately $28,000. Beacon Financial Strategies CORP acquired a new stake in shares of Charles Schwab during the 4th quarter worth approximately $29,000. Optima Capital LLC bought a new stake in shares of Charles Schwab during the fourth quarter worth approximately $30,000. Finally, McIlrath & Eck LLC lifted its holdings in Charles Schwab by 143.2% in the fourth quarter. McIlrath & Eck LLC now owns 321 shares of the financial services provider’s stock valued at $32,000 after buying an additional 189 shares during the period. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW stock opened at $88.52 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.52. The Charles Schwab Corporation has a 12-month low of $83.62 and a 12-month high of $107.50. The firm has a fifty day moving average of $93.75 and a 200-day moving average of $96.18. The firm has a market capitalization of $153.85 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 0.70 and a beta of 0.80.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Thursday, April 16th. The financial services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.04. Charles Schwab had a return on equity of 23.03% and a net margin of 37.99%.The firm had revenue of $6.48 billion for the quarter, compared to analyst estimates of $6.39 billion. During the same period in the previous year, the company posted $1.04 earnings per share. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, equities research analysts forecast that The Charles Schwab Corporation will post 5.99 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, May 8th. Charles Schwab’s dividend payout ratio (DPR) is 25.40%.

Wall Street Analyst Weigh In

SCHW has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $127.00 target price on shares of Charles Schwab in a research report on Friday, April 17th. Jefferies Financial Group reduced their price target on Charles Schwab from $122.00 to $118.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Argus set a $108.00 price objective on Charles Schwab in a report on Monday, April 20th. Wolfe Research set a $120.00 target price on Charles Schwab in a research note on Monday, January 12th. Finally, Truist Financial decreased their target price on Charles Schwab from $122.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $114.00.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Dennis Howard sold 10,108 shares of Charles Schwab stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $94.60, for a total value of $956,216.80. Following the transaction, the insider owned 10,470 shares of the company’s stock, valued at approximately $990,462. The trade was a 49.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul V. Woolway sold 7,941 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $100.00, for a total transaction of $794,100.00. Following the completion of the transaction, the insider owned 29,866 shares of the company’s stock, valued at $2,986,600. This trade represents a 21.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 126,924 shares of company stock valued at $12,268,634. Corporate insiders own 6.30% of the company’s stock.

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.