Equity Investment Corp Decreases Position in The Charles Schwab Corporation $SCHW

Equity Investment Corp reduced its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 2.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,005,861 shares of the financial services provider’s stock after selling 22,201 shares during the period. Charles Schwab makes up 2.0% of Equity Investment Corp’s holdings, making the stock its 29th biggest holding. Equity Investment Corp’s holdings in Charles Schwab were worth $96,030,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHW. Brighton Jones LLC raised its stake in shares of Charles Schwab by 380.5% during 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 period. Sivia Capital Partners LLC grew its holdings in 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 valued at $415,000 after purchasing an additional 809 shares in the last quarter. QRG Capital Management Inc. increased its stake in Charles Schwab by 9.5% during the 2nd quarter. QRG Capital Management Inc. now owns 29,654 shares of the financial services provider’s stock worth $2,706,000 after buying an additional 2,580 shares during the period. OLD National Bancorp IN lifted its holdings in Charles Schwab by 22.4% in the 2nd quarter. OLD National Bancorp IN now owns 20,358 shares of the financial services provider’s stock worth $1,857,000 after buying an additional 3,727 shares in the last quarter. Finally, Simplicity Wealth LLC boosted its position in Charles Schwab by 134.2% in the 2nd quarter. Simplicity Wealth LLC now owns 10,996 shares of the financial services provider’s stock valued at $1,003,000 after buying an additional 6,300 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SCHW shares. Citizens Jmp lifted their target price on Charles Schwab from $110.00 to $120.00 and gave the stock a “market outperform” rating in a research report on Monday, January 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $131.00 price objective on shares of Charles Schwab in a research note on Thursday, January 22nd. The Goldman Sachs Group restated a “buy” rating and set a $114.00 price objective on shares of Charles Schwab in a report on Friday, October 17th. JPMorgan Chase & Co. increased their target price on Charles Schwab from $119.00 to $121.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Morgan Stanley raised their price target on shares of Charles Schwab from $139.00 to $148.00 and gave the stock an “overweight” rating in a research report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Charles Schwab has a consensus rating of “Moderate Buy” and a consensus target price of $115.65.

Charles Schwab Stock Performance

Shares of SCHW opened at $103.76 on Wednesday. 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 business’s fifty day moving average price is $99.58 and its 200 day moving average price is $96.47. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.58. The Charles Schwab Corporation has a 12-month low of $65.88 and a 12-month high of $105.81.

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

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders 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 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, February 13th. Charles Schwab’s dividend payout ratio is 23.18%.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 3,072 shares of Charles Schwab stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $98.00, for a total value of $301,056.00. Following the completion of the transaction, the insider directly owned 11,923 shares in the company, valued at $1,168,454. The trade was a 20.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Peter J. Morgan III sold 7,595 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $104.38, for a total value of $792,766.10. The disclosure for this sale is available in the SEC filing. Insiders sold 14,667 shares of company stock worth $1,507,842 in the last three months. 6.30% of the stock is currently owned by corporate insiders.

About Charles Schwab

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.