Yacktman Asset Management LP Trims Stock Holdings in The Charles Schwab Corporation $SCHW

Yacktman Asset Management LP cut its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 6.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,936,540 shares of the financial services provider’s stock after selling 258,106 shares during the period. Charles Schwab makes up about 5.5% of Yacktman Asset Management LP’s portfolio, making the stock its 3rd biggest holding. Yacktman Asset Management LP’s holdings in Charles Schwab were worth $393,300,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. First National Trust Co grew its stake in Charles Schwab by 82.2% in the 3rd quarter. First National Trust Co now owns 89,224 shares of the financial services provider’s stock worth $8,518,000 after acquiring an additional 40,257 shares in the last quarter. Brookwood Investment Group LLC grew its stake in Charles Schwab by 192.6% in the 4th quarter. Brookwood Investment Group LLC now owns 12,236 shares of the financial services provider’s stock worth $1,222,000 after acquiring an additional 8,054 shares in the last quarter. AE Wealth Management LLC grew its stake in Charles Schwab by 131.0% in the 3rd quarter. AE Wealth Management LLC now owns 99,832 shares of the financial services provider’s stock worth $9,531,000 after acquiring an additional 56,609 shares in the last quarter. Optimize Financial Inc bought a new position in Charles Schwab in the 3rd quarter worth about $467,000. Finally, Nordea Investment Management AB grew its stake in Charles Schwab by 11.2% in the 3rd quarter. Nordea Investment Management AB now owns 3,040,864 shares of the financial services provider’s stock worth $291,436,000 after acquiring an additional 305,904 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Insider Activity at Charles Schwab

In other news, insider Nigel J. Murtagh sold 41,297 shares of Charles Schwab stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $99.00, for a total transaction of $4,088,403.00. Following the completion of the sale, the insider directly owned 57,972 shares in the company, valued at approximately $5,739,228. The trade was a 41.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank C. Herringer sold 2,520 shares of Charles Schwab stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $90.60, for a total transaction of $228,312.00. Following the sale, the director owned 177,508 shares of the company’s stock, valued at $16,082,224.80. The trade was a 1.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 126,924 shares of company stock valued at $12,268,634. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Price Performance

Shares of SCHW opened at $88.52 on Friday. The company has a market cap of $153.85 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 0.70 and a beta of 0.80. The Charles Schwab Corporation has a twelve month low of $83.62 and a twelve month high of $107.50. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average of $93.75 and a two-hundred day moving average of $96.18.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Thursday, April 16th. The financial services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.04. The company had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $6.39 billion. Charles Schwab had a net margin of 37.99% and a return on equity of 23.03%. Charles Schwab’s revenue was up 15.8% compared to the same quarter last year. During the same period last year, the firm earned $1.04 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 5.99 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have commented on SCHW. Citigroup restated a “market outperform” rating on shares of Charles Schwab in a research note on Monday, January 12th. Citizens Jmp upped their target price on shares of Charles Schwab from $110.00 to $120.00 and gave the stock a “market outperform” rating in a research note on Monday, January 12th. UBS Group dropped 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 note on Wednesday, April 8th. Wolfe Research set a $120.00 price objective on shares of Charles Schwab in a research note on Monday, January 12th. Finally, TD Cowen reiterated a “buy” rating on shares of Charles Schwab in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $114.00.

Charles Schwab Company 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.