Simmons Bank Buys 22,694 Shares of The Charles Schwab Corporation $SCHW

Key Points

• Simmons Bank sharply increased its stake in Charles Schwab, buying 22,694 additional shares in the fourth quarter and lifting its position by 724.1% to 25,828 shares worth about $2.58 million.
• Charles Schwab has seen mixed but generally positive analyst sentiment, with several firms raising price targets and the stock carrying a consensus “Moderate Buy” rating and a $114 average target.
• The company recently beat earnings expectations, reported 15.8% revenue growth year over year, and declared a quarterly dividend of $0.32 per share, yielding about 1.4% annually.

Simmons Bank grew its stake in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 724.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,828 shares of the financial services provider's stock after buying an additional 22,694 shares during the period. Simmons Bank's holdings in Charles Schwab were worth $2,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. First National Trust Co increased its position in Charles Schwab by 82.2% in the third quarter. First National Trust Co now owns 89,224 shares of the financial services provider's stock worth $8,518,000 after purchasing an additional 40,257 shares during the last quarter. Brookwood Investment Group LLC increased its position in Charles Schwab by 192.6% in the fourth quarter. Brookwood Investment Group LLC now owns 12,236 shares of the financial services provider's stock worth $1,222,000 after purchasing an additional 8,054 shares during the last quarter. AE Wealth Management LLC increased its position in Charles Schwab by 131.0% in the third quarter. AE Wealth Management LLC now owns 99,832 shares of the financial services provider's stock worth $9,531,000 after purchasing an additional 56,609 shares during the last quarter. Optimize Financial Inc bought a new stake in Charles Schwab in the third quarter worth $467,000. Finally, King Luther Capital Management Corp increased its position in Charles Schwab by 34.4% in the third quarter. King Luther Capital Management Corp now owns 296,409 shares of the financial services provider's stock worth $28,298,000 after purchasing an additional 75,820 shares during the last quarter. Institutional investors own 84.38% of the company's stock.

Analyst Ratings Changes

SCHW has been the topic of several research reports. Piper Sandler boosted their price target on shares of Charles Schwab from $100.00 to $105.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 14th. Argus set a $108.00 price target on shares of Charles Schwab in a research report on Monday, April 20th. JPMorgan Chase & Co. boosted their price target on shares of Charles Schwab from $128.00 to $131.00 and gave the stock an "overweight" rating in a research report on Friday, April 17th. Morgan Stanley reduced their price target on shares of Charles Schwab from $135.00 to $125.00 and set an "overweight" rating on the stock in a research report on Friday, April 17th. Finally, Weiss Ratings upgraded shares of Charles Schwab from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, March 23rd. One equities research 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 given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $114.00.

Insider Activity

In other news, insider Dennis Howard sold 27,903 shares of the business's stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $95.02, for a total transaction of $2,651,343.06. Following the completion of the sale, the insider directly owned 10,470 shares of the company's stock, valued at approximately $994,859.40. The trade was a 72.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank C. Herringer sold 2,520 shares of the business's stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $90.60, for a total transaction of $228,312.00. Following the sale, the director directly owned 177,508 shares of the company's stock, valued at $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. Insiders sold 126,924 shares of company stock valued at $12,268,634 over the last ninety days. 6.30% of the stock is owned by corporate insiders.

Charles Schwab Stock Up 1.1%

NYSE SCHW opened at $91.13 on Thursday. 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 company has a fifty day moving average of $93.23 and a two-hundred day moving average of $96.03. The firm has a market capitalization of $158.49 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 0.71 and a beta of 0.80. The Charles Schwab Corporation has a 52 week low of $85.76 and a 52 week high of $107.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.43 EPS for the quarter, topping 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 quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.04 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, analysts predict that The Charles Schwab Corporation will post 5.99 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders 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 yield of 1.4%. The ex-dividend date of this dividend is Friday, May 8th. Charles Schwab's payout ratio is presently 25.40%.

Key Charles Schwab News

Here are the key news stories impacting Charles Schwab this week:

• Positive Sentiment: Options traders showed rising conviction in SCHW, with unusually heavy call buying that came in well above normal volume. That kind of activity often signals expectations for further upside in the shares.
• Positive Sentiment: Reports that Schwab is expanding deeper into crypto — including Bitcoin and Ethereum trading and potentially broader access across its large client base — could open a new growth avenue and strengthen its competitive position in digital assets. Charles Schwab Rolls Out Bitcoin, Ethereum Trading As ETF Outflows Hit $233 Million
• Positive Sentiment: One investor note argued Schwab is better insulated from AI disruption than feared, citing strong earnings momentum, stabilized client cash balances, and support from higher markets and interest rates. Charles Schwab Is Better Insulated From AI Than Feared

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.

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.