Bridgefront Capital LLC Cuts Holdings in The Charles Schwab Corporation $SCHW

Bridgefront Capital LLC decreased its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 66.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,023 shares of the financial services provider’s stock after selling 24,309 shares during the period. Bridgefront Capital LLC’s holdings in Charles Schwab were worth $1,148,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Federated Hermes Inc. grew its position in shares of Charles Schwab by 2,112.7% in the 2nd quarter. Federated Hermes Inc. now owns 181,793 shares of the financial services provider’s stock worth $16,587,000 after buying an additional 173,577 shares during the last quarter. First National Trust Co lifted its position in Charles Schwab by 82.2% during the third quarter. First National Trust Co now owns 89,224 shares of the financial services provider’s stock valued at $8,518,000 after acquiring an additional 40,257 shares during the last quarter. AE Wealth Management LLC lifted its position in Charles Schwab by 131.0% during the third quarter. AE Wealth Management LLC now owns 99,832 shares of the financial services provider’s stock valued at $9,531,000 after acquiring an additional 56,609 shares during the last quarter. Optimize Financial Inc acquired a new stake in Charles Schwab in the third quarter valued at approximately $467,000. Finally, Nordea Investment Management AB grew its holdings in Charles Schwab by 11.2% in the third quarter. Nordea Investment Management AB now owns 3,040,864 shares of the financial services provider’s stock worth $291,436,000 after purchasing an additional 305,904 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SCHW shares. Citigroup reaffirmed a “market outperform” rating on shares of Charles Schwab in a research report on Monday, January 12th. Raymond James Financial restated an “outperform” rating and set a $114.00 target price on shares of Charles Schwab in a research note on Monday, January 5th. Wolfe Research set a $120.00 target price on Charles Schwab in a research report on Monday, January 12th. Truist Financial raised their price target on Charles Schwab from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Piper Sandler boosted their price target on Charles Schwab from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Charles Schwab has a consensus rating of “Moderate Buy” and a consensus target price of $115.95.

Charles Schwab Price Performance

NYSE SCHW opened at $93.11 on Friday. The company has a market cap of $163.15 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 0.75 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 stock’s fifty day moving average price is $98.97 and its 200 day moving average price is $96.33. The Charles Schwab Corporation has a 1 year low of $65.88 and a 1 year high of $107.50.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. The company had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $6.19 billion. Charles Schwab had a return on equity of 21.97% and a net margin of 37.01%.The firm’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.01 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, equities research analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently announced 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 an increase 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%. The ex-dividend date was Friday, February 13th. Charles Schwab’s payout ratio is currently 27.47%.

Insider Buying and Selling

In other news, insider Paul V. Woolway sold 15,884 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $95.12, for a total value of $1,510,886.08. Following the sale, the insider directly owned 35,992 shares of the company’s stock, valued at $3,423,559.04. This represents a 30.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Walter W. Bettinger sold 162,462 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $103.90, for a total transaction of $16,879,801.80. Following the transaction, the chairman directly owned 529,346 shares of the company’s stock, valued at approximately $54,999,049.40. This trade represents a 23.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 415,568 shares of company stock worth $42,639,058 in the last quarter. 6.30% of the stock is currently owned by corporate insiders.

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.