Varma Mutual Pension Insurance Co Raises Position in The Charles Schwab Corporation $SCHW

Key Points

• Varma Mutual Pension Insurance Co increased its stake in The Charles Schwab Corporation by 7.1% to 310,181 shares (an additional 20,500 shares), worth about $30.99 million at quarter-end, while institutional investors own roughly 84.38% of the stock.
• Charles Schwab beat expectations for the quarter with EPS of $1.43 vs. $1.39 expected and revenue of $6.48 billion vs. $6.39 billion, posted 15.8% YoY revenue growth, and set FY2026 guidance of $5.70–$5.80 EPS (analysts expect ~5.99 EPS).
• Insiders have been net sellers recently, disposing of 463,673 shares valued at about $47.32 million over the last 90 days, while insiders still hold 6.30% of the company.

Varma Mutual Pension Insurance Co grew its position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 310,181 shares of the financial services provider's stock after acquiring an additional 20,500 shares during the period. Varma Mutual Pension Insurance Co's holdings in Charles Schwab were worth $30,990,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sun Financial Inc purchased a new stake in shares of Charles Schwab in the fourth quarter valued at about $379,000. CENTRAL TRUST Co boosted its holdings in Charles Schwab by 3.9% during the fourth quarter. CENTRAL TRUST Co now owns 15,931 shares of the financial services provider's stock worth $1,592,000 after buying an additional 605 shares in the last quarter. Core Alternative Capital boosted its holdings in Charles Schwab by 391.5% during the fourth quarter. Core Alternative Capital now owns 2,148 shares of the financial services provider's stock worth $215,000 after buying an additional 1,711 shares in the last quarter. Greenfield Savings Bank boosted its holdings in Charles Schwab by 30.9% during the fourth quarter. Greenfield Savings Bank now owns 5,560 shares of the financial services provider's stock worth $556,000 after buying an additional 1,311 shares in the last quarter. Finally, Souders Financial Advisors boosted its holdings in Charles Schwab by 2.3% during the fourth quarter. Souders Financial Advisors now owns 4,341 shares of the financial services provider's stock worth $434,000 after buying an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Up 0.1%

Shares of NYSE SCHW opened at $91.60 on Monday. The Charles Schwab Corporation has a 12-month low of $82.04 and a 12-month high of $107.50. The company has a market capitalization of $159.20 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 0.72 and a beta of 0.80. 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 firm's 50-day moving average is $93.87 and its two-hundred day moving average is $96.24.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.04. Charles Schwab had a net margin of 37.99% and a return on equity of 23.03%. The company had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter in the prior year, the firm earned $1.04 earnings per share. The company's revenue for the quarter was up 15.8% compared to the same quarter last year. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Equities analysts anticipate that The Charles Schwab Corporation will post 5.99 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, May 8th. Charles Schwab's dividend payout ratio is 25.40%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SCHW. Morgan Stanley decreased their price objective on shares of Charles Schwab from $135.00 to $125.00 and set an "overweight" rating on the stock in a report on Friday, April 17th. Barclays decreased their price objective on shares of Charles Schwab from $126.00 to $117.00 and set an "overweight" rating on the stock in a report on Wednesday, April 8th. Citigroup reissued a "market outperform" rating on shares of Charles Schwab in a report on Monday, January 12th. Weiss Ratings raised shares of Charles Schwab from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 23rd. Finally, Jefferies Financial Group decreased their price objective on shares of Charles Schwab from $122.00 to $118.00 and set a "buy" rating on the stock in a report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $114.00.

Insider Buying and Selling

In other Charles Schwab news, Director Christopher V. Dodds sold 11,825 shares of the firm's stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $104.55, for a total transaction of $1,236,303.75. Following the sale, the director directly owned 449,406 shares of the company's stock, valued at $46,985,397.30. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank C. Herringer sold 2,520 shares of the firm's stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $90.60, for a total transaction of $228,312.00. Following the sale, the director directly owned 177,508 shares in the company, valued at $16,082,224.80. This represents a 1.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 463,673 shares of company stock valued at $47,321,403. 6.30% of the stock is owned by company insiders.

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.

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.