Centaurus Financial Inc. Acquires 10,994 Shares of The Charles Schwab Corporation $SCHW

Key Points

• Centaurus Financial Inc. boosted its stake in The Charles Schwab Corporation by 42.0%, buying 10,994 shares to hold 37,155 shares worth about $3.55 million at the end of the quarter.
• Charles Schwab beat quarterly estimates, reporting $1.39 EPS vs. $1.32 expected and revenue of $6.34 billion (up 18.9% year-over-year), set FY2026 guidance of $5.700–$5.800 EPS, and raised its quarterly dividend to $0.32 ($1.28 annualized, ~1.4% yield).
• Analysts carry a consensus rating of "Moderate Buy" with a $115.95 average price target after several recent upgrades, while institutional ownership is high (~84.4%) and insiders have sold roughly 415,568 shares (~$42.6M) in the past 90 days.

Centaurus Financial Inc. lifted its stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 42.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,155 shares of the financial services provider's stock after purchasing an additional 10,994 shares during the period. Centaurus Financial Inc.'s holdings in Charles Schwab were worth $3,547,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. West Branch Capital LLC purchased a new position in Charles Schwab during the third quarter valued at $27,000. Newbridge Financial Services Group Inc. increased its position in Charles Schwab by 233.6% in the third quarter. Newbridge Financial Services Group Inc. now owns 357 shares of the financial services provider's stock worth $34,000 after buying an additional 250 shares in the last quarter. Redmont Wealth Advisors LLC bought a new position in shares of Charles Schwab in the third quarter worth about $34,000. Evelyn Partners Asset Management Ltd bought a new position in shares of Charles Schwab in the second quarter worth about $33,000. Finally, Howard Hughes Medical Institute purchased a new position in shares of Charles Schwab during the 2nd quarter valued at about $34,000. 84.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SCHW has been the subject of several analyst reports. Piper Sandler increased their target price on shares of Charles Schwab from $100.00 to $105.00 and gave the stock a "neutral" rating in a report on Wednesday, January 14th. Citizens Jmp lifted their price target on shares of Charles Schwab from $110.00 to $120.00 and gave the company a "market outperform" rating in a report on Monday, January 12th. UBS Group upped their price target on shares of Charles Schwab from $123.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, January 22nd. Wolfe Research set a $120.00 price objective on shares of Charles Schwab in a research note on Monday, January 12th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Charles Schwab in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Charles Schwab currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.95.

Charles Schwab Stock Down 0.7%

Shares of SCHW opened at $93.23 on Thursday. The business's 50 day moving average is $98.41 and its 200 day moving average is $96.27. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.52. The Charles Schwab Corporation has a 12-month low of $65.88 and a 12-month high of $107.50. The company has a market capitalization of $163.35 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 0.76 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.07. The business had revenue of $6.34 billion during the quarter, compared to analyst estimates of $6.19 billion. Charles Schwab had a net margin of 37.01% and a return on equity of 21.97%. The company's revenue was up 18.9% on a year-over-year basis. During the same period last year, the firm posted $1.01 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Research analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 13th. This is a positive change from Charles Schwab's previous quarterly dividend of $0.27. This represents a $1.28 annualized dividend and a yield of 1.4%. Charles Schwab's dividend payout ratio is 27.47%.

Insider Activity at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 7,595 shares of Charles Schwab stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $104.38, for a total value of $792,766.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Paul V. Woolway sold 15,884 shares of the business's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $95.12, for a total transaction of $1,510,886.08. Following the completion of the sale, the insider owned 35,992 shares in the company, valued at approximately $3,423,559.04. The trade was a 30.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 415,568 shares of company stock valued at $42,639,058 in the last ninety days. Corporate insiders own 6.30% of the company's stock.

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.

Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Corporation (NYSE:SCHW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.