Whittier Trust Co. Has $35.79 Million Position in The Charles Schwab Corporation $SCHW

Whittier Trust Co. raised its stake in The Charles Schwab Corporation (NYSE:SCHW) by 3.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 384,881 shares of the financial services provider’s stock after acquiring an additional 14,538 shares during the period. Whittier Trust Co.’s holdings in Charles Schwab were worth $35,790,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SCHW. Souders Financial Advisors lifted its stake in shares of Charles Schwab by 2.3% in the fourth quarter. Souders Financial Advisors now owns 4,341 shares of the financial services provider’s stock worth $434,000 after acquiring an additional 98 shares during the period. Lantz Financial LLC increased its position in Charles Schwab by 3.1% during the 4th quarter. Lantz Financial LLC now owns 3,243 shares of the financial services provider’s stock valued at $324,000 after purchasing an additional 99 shares during the period. Roberts Wealth Advisors LLC increased its position in Charles Schwab by 0.5% during the 4th quarter. Roberts Wealth Advisors LLC now owns 22,961 shares of the financial services provider’s stock valued at $2,294,000 after purchasing an additional 105 shares during the period. Essex Financial Services Inc. raised its holdings in Charles Schwab by 0.8% during the 4th quarter. Essex Financial Services Inc. now owns 12,833 shares of the financial services provider’s stock worth $1,282,000 after purchasing an additional 105 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its holdings in Charles Schwab by 0.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 24,626 shares of the financial services provider’s stock worth $2,460,000 after purchasing an additional 107 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Price Performance

Charles Schwab stock opened at $96.81 on Monday. The stock has a market capitalization of $168.37 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 0.89 and a beta of 0.77. The Charles Schwab Corporation has a 52-week low of $83.96 and a 52-week high of $107.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.62 and a current ratio of 0.62. The stock’s 50 day moving average price is $90.46 and its two-hundred day moving average price is $95.16.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data 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 analyst estimates of $6.39 billion. Charles Schwab had a net margin of 37.99% and a return on equity of 23.05%. Charles Schwab’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.04 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, equities analysts predict that The Charles Schwab Corporation will post 6.14 earnings per share for the current year.

Charles Schwab Announces Dividend

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

Insider Transactions at Charles Schwab

In related news, insider Paul V. Woolway sold 7,942 shares of the business’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $98.00, for a total value of $778,316.00. Following the completion of the sale, the insider directly owned 29,866 shares of the company’s stock, valued at $2,926,868. The trade was a 21.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 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 value of $228,312.00. Following the transaction, the director directly owned 177,508 shares in the company, valued at approximately $16,082,224.80. This trade represents a 1.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 59,700 shares of company stock valued at $5,889,131 in the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SCHW shares. Barclays upped their price objective on shares of Charles Schwab from $117.00 to $127.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Piper Sandler lifted their target price on shares of Charles Schwab from $103.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. JPMorgan Chase & Co. boosted their target price on shares of Charles Schwab from $128.00 to $131.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Truist Financial cut their price target on shares of Charles Schwab from $122.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $128.00 price target on shares of Charles Schwab in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Charles Schwab has a consensus rating of “Moderate Buy” and a consensus price target of $116.00.

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.