HighTower Advisors LLC Buys 39,509 Shares of The Charles Schwab Corporation $SCHW

HighTower Advisors LLC boosted its position in The Charles Schwab Corporation (NYSE:SCHW) by 11.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 397,747 shares of the financial services provider’s stock after acquiring an additional 39,509 shares during the quarter. HighTower Advisors LLC’s holdings in Charles Schwab were worth $37,973,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in Charles Schwab during the 2nd quarter valued at approximately $1,889,858,000. Brown Advisory Inc. grew its stake in shares of Charles Schwab by 88.4% in the second quarter. Brown Advisory Inc. now owns 12,162,260 shares of the financial services provider’s stock worth $1,109,687,000 after acquiring an additional 5,708,208 shares during the last quarter. Primecap Management Co. CA increased its position in Charles Schwab by 35.9% during the second quarter. Primecap Management Co. CA now owns 19,034,806 shares of the financial services provider’s stock worth $1,736,736,000 after acquiring an additional 5,032,728 shares during the period. Bank of New York Mellon Corp raised its stake in Charles Schwab by 28.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 14,182,132 shares of the financial services provider’s stock valued at $1,293,978,000 after purchasing an additional 3,125,179 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Charles Schwab by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 151,182,081 shares of the financial services provider’s stock valued at $13,793,853,000 after purchasing an additional 2,786,829 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Performance

NYSE SCHW opened at $92.97 on Wednesday. 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 moving average of $100.69 and a 200-day moving average of $96.61. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.47. The firm has a market cap of $165.20 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 0.76 and a beta of 0.94.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Wednesday, January 21st. The financial services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.32 by $0.07. Charles Schwab had a return on equity of 22.07% and a net margin of 37.01%.The business had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the previous year, the business earned $1.01 EPS. Charles Schwab’s revenue was up 18.9% compared to the same quarter last year. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, equities analysts forecast 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. Investors of record on Friday, February 13th will be issued a $0.32 dividend. 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 of this dividend is Friday, February 13th. Charles Schwab’s dividend payout ratio (DPR) is presently 27.47%.

Insider Activity at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the completion of the transaction, the insider owned 21,768 shares in the company, valued at $2,285,640. The trade was a 8.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Peter J. Morgan III sold 7,595 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $104.38, for a total value of $792,766.10. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 348,344 shares of company stock worth $36,259,555 in the last 90 days. Corporate insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on SCHW shares. Truist Financial boosted their price objective on shares of Charles Schwab from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $131.00 price target on shares of Charles Schwab in a research note on Thursday, January 22nd. UBS Group raised their price objective on Charles Schwab from $123.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. 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. Finally, Citizens Jmp raised their target price on Charles Schwab from $110.00 to $120.00 and gave the stock a “market outperform” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.95.

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.