The Charles Schwab Corporation $SCHW is London Co. of Virginia's 10th Largest Position

Key Points

• London Co. of Virginia trimmed its stake in The Charles Schwab Corporation by 2.0% in Q3 and now holds 4,238,650 shares worth about $404.7M, making SCHW its 10th largest position; roughly 84.4% of the stock is owned by institutional investors.
• Charles Schwab beat quarterly estimates with $1.39 EPS (vs. $1.32 est.) and $6.34B revenue (+18.9% YoY), set FY‑2026 guidance of 5.700–5.800 EPS, and carries a consensus analyst rating of Moderate Buy with a $115.95 target.
• The firm increased its quarterly dividend to $0.32 (annualized $1.28, ~1.4% yield), while insiders sold about 415,568 shares (~$42.6M) in the last quarter but still own 6.3% of the company.

London Co. of Virginia lowered its position in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 2.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,238,650 shares of the financial services provider's stock after selling 84,413 shares during the period. Charles Schwab makes up approximately 2.2% of London Co. of Virginia's portfolio, making the stock its 10th largest position. London Co. of Virginia owned about 0.24% of Charles Schwab worth $404,666,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SCHW. West Branch Capital LLC acquired a new stake in Charles Schwab during the third quarter worth $27,000. Newbridge Financial Services Group Inc. lifted its stake in shares of Charles Schwab by 233.6% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 357 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 250 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new position in shares of Charles Schwab during the 3rd quarter worth $34,000. Evelyn Partners Asset Management Ltd purchased a new position in shares of Charles Schwab during the 2nd quarter worth $33,000. Finally, Howard Hughes Medical Institute acquired a new stake in shares of Charles Schwab during the 2nd quarter worth about $34,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SCHW has been the topic of several research analyst reports. Citigroup restated a "market outperform" rating on shares of Charles Schwab in a report on Monday, January 12th. Truist Financial increased their target price on shares of Charles Schwab from $120.00 to $122.00 and gave the stock a "buy" rating in a research note on Thursday, January 22nd. Bank of America lifted their price target on shares of Charles Schwab from $88.00 to $91.00 and gave the company an "underperform" rating in a research report on Wednesday, December 10th. Weiss Ratings restated a "hold (c+)" rating on shares of Charles Schwab in a report on Thursday, January 22nd. Finally, Piper Sandler increased their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Charles Schwab has an average rating of "Moderate Buy" and a consensus target price of $115.95.

Charles Schwab Trading Up 0.6%

NYSE:SCHW opened at $93.60 on Tuesday. The Charles Schwab Corporation has a 12-month low of $65.88 and a 12-month high of $107.50. The firm has a market cap of $164.01 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 0.75 and a beta of 0.93. 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 stock has a fifty day moving average price of $98.77 and a 200 day moving average price of $96.31.

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

Charles Schwab Increases Dividend

The company 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 was Friday, February 13th. This is a positive change from Charles Schwab's previous quarterly dividend of $0.27. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. Charles Schwab's payout ratio is currently 27.47%.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Director Christopher V. Dodds sold 11,825 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $104.55, for a total value of $1,236,303.75. Following the sale, the director directly owned 449,406 shares of the company's stock, valued at approximately $46,985,397.30. This represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Dennis Howard sold 10,108 shares of the firm's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $94.60, for a total transaction of $956,216.80. Following the completion of the sale, the insider owned 10,470 shares in the company, valued at $990,462. The trade was a 49.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 415,568 shares of company stock valued at $42,639,058 over the last quarter. Insiders own 6.30% of the company's stock.

Charles Schwab Company Profile

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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