CORDA Investment Management LLC. decreased its stake in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 608,606 shares of the financial services provider's stock after selling 7,998 shares during the period. Charles Schwab makes up 3.8% of CORDA Investment Management LLC.'s portfolio, making the stock its 4th biggest position. CORDA Investment Management LLC.'s holdings in Charles Schwab were worth $47,642,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in shares of Charles Schwab by 380.5% in the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock worth $1,794,000 after buying an additional 19,195 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Charles Schwab in the fourth quarter worth about $441,000. AlphaQuest LLC boosted its holdings in shares of Charles Schwab by 81.0% in the fourth quarter. AlphaQuest LLC now owns 7,531 shares of the financial services provider's stock worth $557,000 after buying an additional 3,370 shares during the period. Simplicity Wealth LLC boosted its holdings in shares of Charles Schwab by 40.6% in the fourth quarter. Simplicity Wealth LLC now owns 5,072 shares of the financial services provider's stock worth $375,000 after buying an additional 1,465 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Charles Schwab by 14.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 618,033 shares of the financial services provider's stock worth $45,741,000 after buying an additional 76,954 shares during the period. Institutional investors and hedge funds own 84.38% of the company's stock.
Insider Buying and Selling
In other news, insider Paul V. Woolway sold 10,129 shares of Charles Schwab stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total value of $911,711.29. Following the transaction, the insider owned 39,154 shares of the company's stock, valued at $3,524,251.54. This trade represents a 20.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan M. Craig sold 47,500 shares of Charles Schwab stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total transaction of $4,201,850.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 119,905 shares of company stock valued at $10,530,833. 6.30% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several brokerages have commented on SCHW. JMP Securities reiterated a "market outperform" rating and issued a $94.00 target price on shares of Charles Schwab in a report on Monday, April 21st. JPMorgan Chase & Co. raised their price target on shares of Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Keefe, Bruyette & Woods raised their price target on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a report on Tuesday, April 22nd. Citigroup raised their price target on shares of Charles Schwab from $102.00 to $105.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, Truist Financial raised their price target on shares of Charles Schwab from $97.00 to $100.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $92.70.
Check Out Our Latest Stock Report on SCHW
Charles Schwab Stock Performance
Shares of NYSE:SCHW traded down $1.08 during trading on Friday, reaching $91.96. The stock had a trading volume of 6,814,781 shares, compared to its average volume of 9,599,814. The Charles Schwab Corporation has a 52 week low of $61.01 and a 52 week high of $93.35. The firm has a market capitalization of $167.09 billion, a price-to-earnings ratio of 27.87, a P/E/G ratio of 0.97 and a beta of 0.93. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $88.53 and a two-hundred day simple moving average of $81.45.
Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same quarter last year, the firm posted $0.74 earnings per share. As a group, analysts anticipate that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.
Charles Schwab Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's dividend payout ratio is 32.73%.
About Charles Schwab
(
Free Report)
The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.
Further Reading
Before you consider Charles Schwab, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Charles Schwab wasn't on the list.
While Charles Schwab currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
