Vertrix Wealth Management LLC Invests $1.12 Million in The Charles Schwab Corporation $SCHW

Vertrix Wealth Management LLC purchased a new position in shares of The Charles Schwab Corporation (NYSE:SCHW) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,945 shares of the financial services provider’s stock, valued at approximately $1,123,000.

Several other large investors also recently bought and sold shares of the business. Dogwood Wealth Management LLC lifted its stake in Charles Schwab by 99.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 123 shares in the last quarter. Piscataqua Savings Bank acquired a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $26,000. GoalVest Advisory LLC purchased a new position in Charles Schwab during the fourth quarter worth approximately $28,000. Beacon Financial Strategies CORP acquired a new position in Charles Schwab during the fourth quarter worth $29,000. Finally, Optima Capital LLC acquired a new position in Charles Schwab during the fourth quarter worth $30,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Activity

In other news, insider Nigel J. Murtagh sold 41,297 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $5,739,228. The trade was a 41.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank C. Herringer sold 2,520 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director owned 177,508 shares in the company, valued at approximately $16,082,224.80. This represents a 1.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 59,700 shares of company stock valued at $5,889,131. Company insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on SCHW shares. Raymond James Financial raised their target price on Charles Schwab from $126.00 to $137.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Keefe, Bruyette & Woods assumed coverage on shares of Charles Schwab in a research report on Wednesday, April 8th. They set an “outperform” rating and a $110.00 price target on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $128.00 price objective on shares of Charles Schwab in a report on Friday, May 15th. Piper Sandler raised their price objective on shares of Charles Schwab from $103.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Charles Schwab in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $116.00.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $95.74 on Thursday. The firm has a market cap of $166.50 billion, a PE ratio of 19.00, a price-to-earnings-growth ratio of 0.84 and a beta of 0.77. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.48. The Charles Schwab Corporation has a 52 week low of $83.96 and a 52 week high of $107.50. The business’s fifty day simple moving average is $90.26 and its 200-day simple moving average is $95.15.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.04. The firm had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $6.39 billion. Charles Schwab had a return on equity of 23.05% and a net margin of 37.99%.The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the company earned $1.04 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Equities analysts forecast that The Charles Schwab Corporation will post 6.14 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were given a dividend of $0.32 per share. The ex-dividend date was Friday, May 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.3%. Charles Schwab’s dividend payout ratio (DPR) is currently 25.40%.

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.