The Charles Schwab Corporation $SCHW Shares Bought by Cornerstone Planning Group LLC

Cornerstone Planning Group LLC grew its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 16,849.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 327,803 shares of the financial services provider’s stock after purchasing an additional 325,869 shares during the period. Charles Schwab comprises about 3.8% of Cornerstone Planning Group LLC’s portfolio, making the stock its 7th biggest position. Cornerstone Planning Group LLC’s holdings in Charles Schwab were worth $31,295,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SCHW. Princeton Global Asset Management LLC acquired a new stake in Charles Schwab during the 2nd quarter worth approximately $25,000. RMG Wealth Management LLC purchased a new stake in shares of Charles Schwab during the second quarter worth $27,000. West Branch Capital LLC acquired a new stake in shares of Charles Schwab in the third quarter valued at $27,000. Hoese & Co LLP boosted its holdings in Charles Schwab by 131.6% in the second quarter. Hoese & Co LLP now owns 352 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 200 shares during the period. Finally, Mid American Wealth Advisory Group Inc. acquired a new position in Charles Schwab during the 2nd quarter worth $32,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SCHW. TD Cowen upped their target price on shares of Charles Schwab from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. JPMorgan Chase & Co. raised their price objective on Charles Schwab from $119.00 to $121.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $131.00 target price on shares of Charles Schwab in a research report on Thursday, January 22nd. Raymond James Financial reiterated an “outperform” rating and set a $114.00 target price on shares of Charles Schwab in a research note on Monday, January 5th. Finally, Citigroup restated a “market outperform” rating on shares of Charles Schwab in a research report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.65.

Charles Schwab Price Performance

Charles Schwab stock opened at $105.14 on Tuesday. The company has a market cap of $186.83 billion, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 0.84 and a beta of 0.94. The Charles Schwab Corporation has a one year low of $65.88 and a one year high of $105.81. The business has a fifty day moving average of $99.32 and a two-hundred day moving average of $96.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.58 and a current ratio of 0.58.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating 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 net margin of 37.01% and a return on equity of 22.07%. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period last year, the company posted $1.01 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a dividend of $0.32 per share. This is a boost from Charles Schwab’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.28 annualized dividend and a dividend yield of 1.2%. Charles Schwab’s dividend payout ratio is presently 23.18%.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 3,072 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $98.00, for a total value of $301,056.00. Following the sale, the insider owned 11,923 shares of the company’s stock, valued at $1,168,454. This represents a 20.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 7,072 shares of company stock worth $715,076 in the last ninety days. Insiders own 6.30% of the company’s stock.

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.