The Charles Schwab Corporation $SCHW Position Boosted by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. increased its position in The Charles Schwab Corporation (NYSE:SCHW) by 5,533.6% in the third quarter, Holdings Channel reports. The firm owned 891,524 shares of the financial services provider’s stock after purchasing an additional 875,699 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Charles Schwab were worth $85,114,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. West Branch Capital LLC acquired a new position in shares of Charles Schwab in the 3rd quarter worth approximately $27,000. Evelyn Partners Asset Management Ltd bought a new position in Charles Schwab during the second quarter worth $33,000. Howard Hughes Medical Institute acquired a new position in Charles Schwab in the second quarter worth $34,000. Redmont Wealth Advisors LLC bought a new stake in Charles Schwab during the third quarter valued at $34,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Charles Schwab during the second quarter worth $36,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on SCHW. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $131.00 price objective on shares of Charles Schwab in a research note on Thursday, January 22nd. Wolfe Research set a $120.00 price target on Charles Schwab in a research report on Monday, January 12th. Bank of America boosted their price objective on Charles Schwab from $88.00 to $91.00 and gave the company an “underperform” rating in a research report on Wednesday, December 10th. Morgan Stanley upped their price objective on Charles Schwab from $139.00 to $148.00 and gave the stock an “overweight” rating in a research note on Monday, December 22nd. Finally, Truist Financial increased their target price on Charles Schwab from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.95.

Insiders Place Their Bets

In other news, Chairman Walter W. Bettinger sold 162,462 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $103.90, for a total value of $16,879,801.80. Following the transaction, the chairman owned 529,346 shares in the company, valued at $54,999,049.40. This represents a 23.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan S. Beatty sold 2,000 shares of the stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the sale, the insider directly owned 21,768 shares of the company’s stock, valued at $2,285,640. This trade represents a 8.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 348,344 shares of company stock valued at $36,259,555 over the last ninety days. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Trading Down 1.6%

Shares of SCHW stock opened at $93.85 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.47. The stock has a 50-day simple moving average of $100.62 and a 200 day simple moving average of $96.58. The Charles Schwab Corporation has a fifty-two week low of $65.88 and a fifty-two week high of $107.50. The stock has a market capitalization of $166.77 billion, a P/E ratio of 20.14, a P/E/G ratio of 0.77 and a beta of 0.94.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.07. The company had revenue of $6.34 billion for the quarter, compared to analysts’ expectations of $6.19 billion. Charles Schwab had a return on equity of 22.07% and a net margin of 37.01%.The firm’s revenue was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, sell-side 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 will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.32 per share. 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 dividend yield of 1.4%. The ex-dividend date is Friday, February 13th. Charles Schwab’s dividend payout ratio is presently 27.47%.

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.