The Charles Schwab Corporation $SCHW Shares Bought by Franklin Resources Inc.

Key Points

• Franklin Resources modestly increased its stake in Charles Schwab by 0.2%, buying an additional 70,412 shares30,106,349 shares, representing about 1.69% of Schwab and roughly $2.87 billion in value.
• Company insiders have been net sellers recently, disposing of 415,568 shares worth about $42.6 million over the past three months, leaving insiders with roughly 6.3% ownership.
• Analysts are broadly positive with an average target of $115.95 and a "Moderate Buy" consensus; Schwab also beat quarterly earnings, raised its quarterly dividend to $0.32, and set FY2026 EPS guidance of 5.700–5.800.

Franklin Resources Inc. grew its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 0.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,106,349 shares of the financial services provider's stock after buying an additional 70,412 shares during the period. Charles Schwab accounts for about 0.7% of Franklin Resources Inc.'s investment portfolio, making the stock its 21st biggest holding. Franklin Resources Inc. owned 1.69% of Charles Schwab worth $2,874,253,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Charles Schwab by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 151,585,214 shares of the financial services provider's stock valued at $14,471,840,000 after acquiring an additional 403,133 shares during the period. State Street Corp raised its stake in Charles Schwab by 0.7% during the 2nd quarter. State Street Corp now owns 72,464,619 shares of the financial services provider's stock valued at $6,611,672,000 after acquiring an additional 531,329 shares in the last quarter. Geode Capital Management LLC boosted its position in Charles Schwab by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 37,381,183 shares of the financial services provider's stock worth $3,399,181,000 after acquiring an additional 1,038,376 shares during the period. Fisher Asset Management LLC grew its stake in shares of Charles Schwab by 1.3% in the third quarter. Fisher Asset Management LLC now owns 21,646,588 shares of the financial services provider's stock worth $2,066,600,000 after purchasing an additional 269,898 shares in the last quarter. Finally, Primecap Management Co. CA grew its stake in shares of Charles Schwab by 11.4% in the third quarter. Primecap Management Co. CA now owns 21,209,187 shares of the financial services provider's stock worth $2,024,841,000 after purchasing an additional 2,174,381 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Dennis Howard sold 27,903 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $994,859.40. This trade represents a 72.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul V. Woolway sold 15,884 shares of Charles Schwab stock in a transaction that occurred 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 transaction, the insider owned 35,992 shares in the company, valued at approximately $3,423,559.04. This trade represents a 30.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 415,568 shares of company stock worth $42,639,058. 6.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on SCHW. Bank of America raised their price target on Charles Schwab from $88.00 to $91.00 and gave the company an "underperform" rating in a report on Wednesday, December 10th. Citigroup reiterated a "market outperform" rating on shares of Charles Schwab in a research report on Monday, January 12th. Wolfe Research set a $120.00 target price on shares of Charles Schwab in a research note on Monday, January 12th. 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. Finally, 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 note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $115.95.

Charles Schwab Stock Down 1.2%

SCHW opened at $93.21 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $163.33 billion, a PE ratio of 20.00, a P/E/G ratio of 0.76 and a beta of 0.93. The stock's fifty day moving average is $99.47 and its 200-day moving average is $96.43. The Charles Schwab Corporation has a one year low of $65.88 and a one year high of $107.50.

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

Charles Schwab Increases Dividend

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

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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