The Charles Schwab Corporation $SCHW Shares Purchased by Ilmarinen Mutual Pension Insurance Co

Key Points

• Ilmarinen Mutual Pension Insurance Co boosted its Charles Schwab stake by 43.7% in the fourth quarter, buying 103,000 additional shares and bringing its total to 338,471 shares worth about $33.8 million.
• Wall Street sentiment remains constructive, with analysts maintaining a Moderate Buy consensus and an average price target of $114.30, even after Morgan Stanley trimmed its target to $125.
• Charles Schwab reported strong quarterly results, beating EPS and revenue estimates, and the company recently paid a $0.32 quarterly dividend, implying a 1.5% annual yield.

Ilmarinen Mutual Pension Insurance Co increased its holdings in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 43.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 338,471 shares of the financial services provider's stock after acquiring an additional 103,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Charles Schwab were worth $33,817,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SCHW. Dogwood Wealth Management LLC lifted its stake in shares of Charles Schwab by 99.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 123 shares during the last quarter. Piscataqua Savings Bank purchased a new stake in Charles Schwab in the 4th quarter valued at about $26,000. GoalVest Advisory LLC purchased a new stake in Charles Schwab in the 4th quarter valued at about $28,000. Beacon Financial Strategies CORP acquired a new position in Charles Schwab in the fourth quarter valued at about $29,000. Finally, Optima Capital LLC purchased a new position in Charles Schwab during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 84.38% of the company's stock.

More Charles Schwab News

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

• Negative Sentiment: Schwab’s recent $1.0 billion and $1.25 billion senior notes offerings, combined with co-chairman Charles R. Schwab’s share sale and a steady stream of insider selling, may be pressuring the stock as investors reassess balance-sheet and sentiment risks. Article Title
• Positive Sentiment: Schwab continues to expand its wealth management reach, with advisor-service head Jon Beatty saying the firm’s growing Schwab Wealth Advisory footprint is not likely to conflict with RIAs, which supports the long-term growth narrative. Article Title
• Positive Sentiment: Schwab Foundation launched new Moneywise Momentum Grants as part of a $20 million financial-education commitment, reinforcing the company’s brand and customer-engagement efforts. Article Title
• Neutral Sentiment: Liz Ann Sonders warned against treating the market like a “casino,” a commentary that reflects Schwab’s market perspective but does not appear to be a direct business catalyst. Article Title
• Neutral Sentiment: Multiple Charles Schwab Challenge golf stories are creating brand visibility, but they are unlikely to materially move SCHW shares. Article Title

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SCHW. 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 note on Friday, April 17th. Keefe, Bruyette & Woods initiated coverage on shares of Charles Schwab in a research report on Wednesday, April 8th. They set an "outperform" rating and a $110.00 price objective for the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $128.00 target price on shares of Charles Schwab in a research report on Friday, May 15th. Piper Sandler raised their price target on Charles Schwab from $103.00 to $105.00 and gave the stock a "neutral" rating in a research report on Friday, May 15th. Finally, TD Cowen boosted their price objective on Charles Schwab from $108.00 to $109.00 and gave the company a "buy" rating in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $114.30.

Insider Activity

In other news, 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 value of $956,216.80. Following the sale, the insider directly owned 10,470 shares in the company, valued at approximately $990,462. This trade represents a 49.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nigel J. Murtagh sold 41,297 shares of the business's stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $99.00, for a total transaction of $4,088,403.00. Following the transaction, the insider owned 57,972 shares of the company's stock, valued at approximately $5,739,228. The trade was a 41.60% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 99,021 shares of company stock worth $9,617,291 over the last three months. Insiders own 6.30% of the company's stock.

Charles Schwab Stock Down 0.3%

Shares of NYSE SCHW opened at $85.35 on Friday. The stock has a market cap of $148.44 billion, a P/E ratio of 16.94, a PEG ratio of 0.58 and a beta of 0.80. The business's fifty day simple moving average is $92.27 and its 200-day simple moving average is $95.67. The Charles Schwab Corporation has a 12-month low of $83.96 and a 12-month high of $107.50. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.48.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results 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 firm had revenue of $6.48 billion during the quarter, compared to analysts' expectations of $6.39 billion. Charles Schwab had a return on equity of 23.05% and a net margin of 37.99%.Charles Schwab's revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, equities analysts predict that The Charles Schwab Corporation will post 6.12 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.28 annualized dividend and a yield of 1.5%. Charles Schwab's dividend payout ratio (DPR) is 25.40%.

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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