Envestnet Asset Management Inc. Sells 432,133 Shares of The Charles Schwab Corporation $SCHW

Envestnet Asset Management Inc. reduced its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 7.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,757,531 shares of the financial services provider’s stock after selling 432,133 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Charles Schwab were worth $549,671,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SCHW. Princeton Global Asset Management LLC purchased a new stake in Charles Schwab in the second quarter worth about $25,000. RMG Wealth Management LLC purchased a new stake in shares of Charles Schwab in the 2nd quarter worth about $27,000. West Branch Capital LLC bought a new position in shares of Charles Schwab in the 3rd quarter worth about $27,000. Hoese & Co LLP lifted its position in Charles Schwab by 131.6% during the 2nd quarter. Hoese & Co LLP now owns 352 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 200 shares during the period. Finally, Mid American Wealth Advisory Group Inc. bought a new stake in Charles Schwab during the second quarter worth about $32,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, General Counsel Peter J. Morgan III sold 7,595 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $104.38, for a total value of $792,766.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 2,000 shares of the company’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the sale, the insider owned 21,768 shares of the company’s stock, valued at approximately $2,285,640. This trade represents a 8.41% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 14,667 shares of company stock valued at $1,507,842. 6.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SCHW has been the subject of a number of analyst reports. Citizens Jmp raised their target price on shares of Charles Schwab from $110.00 to $120.00 and gave the company a “market outperform” rating in a research note on Monday, January 12th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $114.00 price objective on shares of Charles Schwab in a research report on Friday, October 17th. Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a report on Monday, January 12th. Morgan Stanley raised their price target on Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a report on Monday, December 22nd. Finally, Keefe, Bruyette & Woods lifted their price target on Charles Schwab from $109.00 to $111.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $115.65.

Charles Schwab Trading Down 1.3%

Charles Schwab stock opened at $103.76 on Wednesday. The Charles Schwab Corporation has a one year low of $65.88 and a one year high of $105.81. The business’s fifty day moving average is $99.58 and its 200 day moving average is $96.47. The stock has a market capitalization of $184.37 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 0.85 and a beta of 0.94. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.58.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.07. The business had revenue of $6.34 billion for the quarter, compared to analysts’ expectations of $6.19 billion. Charles Schwab had a net margin of 37.01% and a return on equity of 22.07%. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, sell-side analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

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

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.