The Charles Schwab Corporation $SCHW Shares Purchased by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC raised its stake in The Charles Schwab Corporation (NYSE:SCHW) by 19.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,438 shares of the financial services provider’s stock after buying an additional 6,180 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Charles Schwab were worth $3,740,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Piscataqua Savings Bank acquired a new position in Charles Schwab in the fourth quarter valued at about $26,000. GoalVest Advisory LLC acquired a new position in Charles Schwab in the fourth quarter valued at about $28,000. Beacon Financial Strategies CORP acquired a new position in Charles Schwab in the fourth quarter valued at about $29,000. Optima Capital LLC acquired a new position in Charles Schwab in the fourth quarter valued at about $30,000. Finally, McIlrath & Eck LLC lifted its position 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 last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on SCHW shares. Argus set a $108.00 target price on shares of Charles Schwab in a research report on Monday, April 20th. Morgan Stanley decreased their target price on shares of Charles Schwab from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Friday, April 17th. UBS Group decreased their target price on shares of Charles Schwab from $125.00 to $119.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Jefferies Financial Group decreased their target price on shares of Charles Schwab from $122.00 to $118.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Charles Schwab from $128.00 to $131.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have assigned 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 $114.00.

Insider Activity

In other news, insider Nigel J. Murtagh sold 41,297 shares of the firm’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $99.00, for a total value of $4,088,403.00. Following the sale, the insider directly owned 57,972 shares in the company, valued at approximately $5,739,228. This trade represents a 41.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank C. Herringer sold 2,520 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $90.60, for a total transaction of $228,312.00. Following the completion of the transaction, the director owned 177,508 shares in the company, valued at $16,082,224.80. This represents a 1.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 126,924 shares of company stock valued at $12,268,634 over the last quarter. Company insiders own 6.30% of the company’s stock.

Charles Schwab Stock Down 1.1%

SCHW stock opened at $88.52 on Friday. The Charles Schwab Corporation has a fifty-two week low of $83.62 and a fifty-two week high of $107.50. The company’s 50 day moving average price is $93.75 and its 200 day moving average price is $96.18. The firm has a market capitalization of $153.85 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 0.70 and a beta of 0.80. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.62 and a current ratio of 0.62.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.04. Charles Schwab had a net margin of 37.99% and a return on equity of 23.03%. The business had revenue of $6.48 billion for the quarter, compared to analyst estimates of $6.39 billion. During the same period last year, the business earned $1.04 EPS. The company’s revenue 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 anticipate that The Charles Schwab Corporation will post 5.99 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

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

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.