The Charles Schwab Corporation $SCHW Shares Sold by Dodge & Cox

Key Points

• Dodge & Cox trimmed its stake in The Charles Schwab Corporation by 1.6% (sold 1,314,632 shares) and still holds 83,043,253 shares — about 4.67% of SCHW and roughly $7.93 billion, making it the fund's largest holding.
• Charles Schwab beat quarterly expectations with EPS $1.39 (vs. $1.32) and revenue of $6.34 billion, set FY2026 guidance at 5.700–5.800 EPS, and carries a consensus "Moderate Buy" rating with an average target of $115.95.
• The firm raised its quarterly dividend to $0.32 ($1.28 annualized, 1.4% yield), while insiders have sold a total of 415,568 shares (~$42.6 million) in the past 90 days (insiders own 6.30% of the stock).

Dodge & Cox cut its stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,043,253 shares of the financial services provider's stock after selling 1,314,632 shares during the period. Charles Schwab makes up approximately 4.3% of Dodge & Cox's holdings, making the stock its largest holding. Dodge & Cox owned about 4.67% of Charles Schwab worth $7,928,139,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its holdings in Charles Schwab by 380.5% in the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock valued at $1,794,000 after purchasing an additional 19,195 shares during the last quarter. Sivia Capital Partners LLC raised its stake in shares of Charles Schwab by 21.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,553 shares of the financial services provider's stock worth $415,000 after buying an additional 809 shares during the last quarter. United Bank raised its stake in shares of Charles Schwab by 7.1% during the 2nd quarter. United Bank now owns 16,053 shares of the financial services provider's stock worth $1,465,000 after buying an additional 1,070 shares during the last quarter. Nwam LLC purchased a new stake in shares of Charles Schwab in the 2nd quarter worth about $243,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in Charles Schwab in the 2nd quarter valued at about $1,444,000. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Price Performance

Charles Schwab stock opened at $93.11 on Friday. The firm's 50-day moving average is $98.97 and its two-hundred day moving average is $96.34. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market capitalization of $163.15 billion, a P/E ratio of 19.98, a P/E/G ratio of 0.74 and a beta of 0.93. The Charles Schwab Corporation has a 12-month low of $65.88 and a 12-month high of $107.50.

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

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, February 13th. This is an increase from Charles Schwab's previous quarterly dividend of $0.27. Charles Schwab's dividend payout ratio (DPR) is presently 27.47%.

Insider Activity

In other Charles Schwab news, insider Paul V. Woolway sold 6,126 shares of Charles Schwab stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $94.61, for a total transaction of $579,580.86. Following the transaction, the insider directly owned 29,866 shares of the company's stock, valued at $2,825,622.26. The trade was a 17.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher V. Dodds sold 11,825 shares of the business's stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $104.55, for a total transaction of $1,236,303.75. Following the sale, the director owned 449,406 shares of the company's stock, valued at approximately $46,985,397.30. This represents a 2.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 415,568 shares of company stock worth $42,639,058. Insiders own 6.30% of the company's stock.

Analysts Set New Price Targets

SCHW has been the subject of several recent research reports. TD Cowen raised their target price on shares of Charles Schwab from $135.00 to $138.00 and gave the company a "buy" rating in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $131.00 price target on shares of Charles Schwab in a report on Thursday, January 22nd. Bank of America raised their price objective on shares of Charles Schwab from $88.00 to $91.00 and gave the stock an "underperform" rating in a research note on Wednesday, December 10th. Barclays lifted their price objective on Charles Schwab from $125.00 to $126.00 and gave the stock an "overweight" rating in a research report on Monday, January 26th. Finally, Truist Financial increased their target price on Charles Schwab from $120.00 to $122.00 and gave the company a "buy" rating in a report on Thursday, January 22nd. One research 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 assigned a Sell rating to the stock. According to MarketBeat, Charles Schwab currently has a consensus rating of "Moderate Buy" and an average target price of $115.95.

Charles Schwab 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.

Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Corporation (NYSE:SCHW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.