Callan Family Office LLC Sells 11,730 Shares of The Charles Schwab Corporation $SCHW

Callan Family Office LLC cut its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 207,833 shares of the financial services provider’s stock after selling 11,730 shares during the period. Charles Schwab comprises approximately 0.6% of Callan Family Office LLC’s investment portfolio, making the stock its 23rd biggest position. Callan Family Office LLC’s holdings in Charles Schwab were worth $19,842,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Simmons Bank bought a new stake in Charles Schwab during the 3rd quarter worth $299,000. Mission Wealth Management LP grew its holdings in shares of Charles Schwab by 14.8% during the third quarter. Mission Wealth Management LP now owns 7,660 shares of the financial services provider’s stock worth $731,000 after purchasing an additional 990 shares during the last quarter. Atlantic Union Bankshares Corp increased its stake in shares of Charles Schwab by 24.8% in the third quarter. Atlantic Union Bankshares Corp now owns 151,267 shares of the financial services provider’s stock valued at $14,441,000 after buying an additional 30,043 shares during the period. Convergence Investment Partners LLC raised its holdings in Charles Schwab by 33.0% in the 3rd quarter. Convergence Investment Partners LLC now owns 20,918 shares of the financial services provider’s stock valued at $1,997,000 after buying an additional 5,188 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Charles Schwab by 30.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 53,582 shares of the financial services provider’s stock worth $5,115,000 after buying an additional 12,409 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Ratings Changes

SCHW has been the subject of several analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $114.00 price target on shares of Charles Schwab in a research note on Friday, October 17th. JPMorgan Chase & Co. raised their target price on Charles Schwab from $119.00 to $121.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. TD Cowen lifted their target price on Charles Schwab from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. JMP Securities reissued a “market outperform” rating and issued a $110.00 price target on shares of Charles Schwab in a research note on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $131.00 price objective on shares of Charles Schwab in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Charles Schwab has an average rating of “Moderate Buy” and a consensus target price of $115.65.

Charles Schwab Trading Up 1.2%

Shares of SCHW stock opened at $105.14 on Tuesday. The Charles Schwab Corporation has a fifty-two week low of $65.88 and a fifty-two week high of $105.81. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a 50 day simple moving average of $99.32 and a two-hundred day simple moving average of $96.41. The company has a market cap of $186.83 billion, a P/E ratio of 22.56, a PEG ratio of 0.84 and a beta of 0.94.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.32 by $0.07. The company had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $6.19 billion. Charles Schwab had a net margin of 37.01% and a return on equity of 22.07%. The company’s quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Research analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.2%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, February 13th. Charles Schwab’s payout ratio is presently 23.18%.

Insiders Place Their Bets

In other news, insider Jonathan S. Beatty sold 2,000 shares of the company’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the transaction, the insider owned 21,768 shares in the company, valued at approximately $2,285,640. This represents a 8.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 7,072 shares of company stock valued at $715,076 over the last ninety days. Insiders own 6.30% of the company’s stock.

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.