Element Squared LLC Buys New Position in The Charles Schwab Corporation $SCHW

Key Points

• Element Squared LLC opened a new position in Charles Schwab during the first quarter, buying 23,180 shares valued at about $2.18 million. The stake makes up 1.2% of the fund’s portfolio.
• Insider selling has been notable recently, including transactions by Director Frank C. Herringer and insider Nigel J. Murtagh. Altogether, insiders sold 59,700 shares worth about $5.89 million over the last 90 days.
• Charles Schwab beat quarterly earnings expectations, reporting $1.43 EPS on revenue of $6.48 billion, and it also paid a quarterly dividend of $0.32 per share. Analysts remain generally positive, with a consensus rating of Moderate Buy and an average price target of $116.00.

Element Squared LLC bought a new stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 23,180 shares of the financial services provider's stock, valued at approximately $2,178,000. Charles Schwab makes up 1.2% of Element Squared LLC's portfolio, making the stock its 26th largest holding.

A number of other large investors have also recently bought and sold shares of the company. Souders Financial Advisors grew its stake in shares of Charles Schwab by 2.3% during the 4th 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 in the last quarter. Lantz Financial LLC lifted its position in shares of Charles Schwab by 3.1% in the fourth quarter. Lantz Financial LLC now owns 3,243 shares of the financial services provider's stock worth $324,000 after purchasing an additional 99 shares in the last quarter. Roberts Wealth Advisors LLC lifted its position in shares of Charles Schwab by 0.5% in the fourth quarter. Roberts Wealth Advisors LLC now owns 22,961 shares of the financial services provider's stock worth $2,294,000 after purchasing an additional 105 shares in the last quarter. Essex Financial Services Inc. lifted its position in shares of Charles Schwab by 0.8% in the fourth 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 in the last quarter. Finally, JFS Wealth Advisors LLC boosted its holdings in Charles Schwab by 0.4% during the fourth 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. Institutional investors and hedge funds own 84.38% of the company's stock.

Insider Transactions at Charles Schwab

In other news, Director Frank C. Herringer sold 2,520 shares of the company's stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $90.60, for a total value of $228,312.00. Following the sale, the director directly owned 177,508 shares of the company's stock, valued at approximately $16,082,224.80. This represents a 1.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nigel J. Murtagh sold 41,297 shares of the firm's stock in a transaction dated 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 owned 57,972 shares of the company's stock, valued at $5,739,228. This trade represents a 41.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 59,700 shares of company stock worth $5,889,131 in the last ninety days. Insiders own 6.30% of the company's stock.

Analyst Upgrades and Downgrades

SCHW has been the subject of a number of analyst reports. TD Cowen raised their target price on shares of Charles Schwab from $108.00 to $109.00 and gave the company a "buy" rating in a research report on Friday, May 15th. Barclays boosted their price target on shares of Charles Schwab from $117.00 to $127.00 and gave the stock an "overweight" rating in a research report on Friday, May 15th. Weiss Ratings restated a "buy (b-)" rating on shares of Charles Schwab in a research note on Thursday, June 18th. Truist Financial decreased their price objective on Charles Schwab from $122.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, April 1st. Finally, UBS Group lowered their target price on Charles Schwab from $125.00 to $119.00 and set a "buy" rating on the stock in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $116.00.

Charles Schwab Price Performance

NYSE:SCHW opened at $92.13 on Wednesday. The Charles Schwab Corporation has a 1-year low of $83.96 and a 1-year high of $107.50. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.48. The firm has a fifty day simple moving average of $90.21 and a 200 day simple moving average of $95.16. The stock has a market capitalization of $160.23 billion, a PE ratio of 18.28, a P/E/G ratio of 0.83 and a beta of 0.77.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.04. Charles Schwab had a net margin of 37.99% and a return on equity of 23.05%. The firm had revenue of $6.48 billion for the quarter, compared to analyst estimates of $6.39 billion. During the same period in the prior year, the firm posted $1.04 earnings per share. The company's quarterly revenue was up 15.8% compared to the same quarter last year. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, research analysts expect that The Charles Schwab Corporation will post 6.14 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid 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 1.4%. Charles Schwab's payout ratio is currently 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.

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