The Charles Schwab Corporation $SCHW Shares Purchased by Assetmark Inc.

Key Points

• Assetmark Inc. raised its stake in The Charles Schwab Corporation by 15.4% in Q4 to 1,007,713 shares (about $100.68M), while institutional investors own 84.38% of the stock and insiders sold 413,568 shares (~$42.4M) over the last quarter.
• Schwab beat Q4 estimates, reporting $1.39 EPS vs. $1.32 expected and $6.34B revenue (up 18.9% y/y), set FY2026 guidance of $5.70–$5.80 EPS, and raised its quarterly dividend to $0.32 (annualized $1.28, ~1.3% yield).

Assetmark Inc. lifted its position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 15.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,007,713 shares of the financial services provider's stock after acquiring an additional 134,516 shares during the period. Assetmark Inc. owned 0.06% of Charles Schwab worth $100,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Charles Schwab by 0.3% in the third quarter. Vanguard Group Inc. now owns 151,585,214 shares of the financial services provider's stock worth $14,471,840,000 after acquiring an additional 403,133 shares during the last quarter. State Street Corp boosted its stake in shares of Charles Schwab by 1.0% in the third quarter. State Street Corp now owns 73,156,290 shares of the financial services provider's stock worth $6,984,231,000 after acquiring an additional 691,671 shares during the last quarter. Fisher Asset Management LLC boosted 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 acquiring an additional 269,898 shares during the last quarter. Primecap Management Co. CA boosted 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 acquiring an additional 2,174,381 shares during the last quarter. Finally, Viking Global Investors LP boosted its stake in shares of Charles Schwab by 5.1% in the third quarter. Viking Global Investors LP now owns 16,583,101 shares of the financial services provider's stock worth $1,583,189,000 after acquiring an additional 809,876 shares during the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Stock Performance

NYSE SCHW opened at $96.77 on Tuesday. The stock's fifty day moving average is $95.44 and its two-hundred day moving average is $96.37. The firm has a market capitalization of $168.19 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 0.79 and a beta of 0.90. 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 Charles Schwab Corporation has a fifty-two week low of $73.76 and a fifty-two week high of $107.50.

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

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a $0.32 dividend. This is a boost from Charles Schwab's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.28 annualized dividend and a dividend yield of 1.3%. Charles Schwab's dividend payout ratio is currently 27.47%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SCHW shares. Weiss Ratings raised Charles Schwab from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 23rd. Piper Sandler lifted their price target on Charles Schwab from $100.00 to $105.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 14th. TD Cowen reaffirmed a "buy" rating on shares of Charles Schwab in a research note on Thursday. Jefferies Financial Group lowered their price target on Charles Schwab from $122.00 to $118.00 and set a "buy" rating on the stock in a research note on Monday, April 6th. Finally, Citigroup reissued a "market outperform" rating on shares of Charles Schwab in a research note on Monday, January 12th. One 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $114.50.

Insiders Place Their Bets

In other news, Director Christopher V. Dodds sold 11,825 shares of the company's stock in a transaction on Friday, February 6th. The stock was sold at an average price of $104.55, for a total value of $1,236,303.75. Following the transaction, the director owned 449,406 shares of the company's stock, valued at $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 hyperlink. Also, Chairman Walter W. Bettinger sold 162,462 shares of the company's stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $103.90, for a total value of $16,879,801.80. Following the completion of the transaction, the chairman directly owned 529,346 shares in the company, valued at approximately $54,999,049.40. This trade represents a 23.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 413,568 shares of company stock worth $42,435,038. Corporate insiders own 6.30% of the company's stock.

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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