The Charles Schwab Corporation $SCHW Shares Sold by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership lowered its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 2.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,725,669 shares of the financial services provider’s stock after selling 451,143 shares during the quarter. Charles Schwab accounts for 2.4% of Artisan Partners Limited Partnership’s holdings, making the stock its 3rd largest holding. Artisan Partners Limited Partnership’s holdings in Charles Schwab were worth $1,692,270,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SCHW. Federated Hermes Inc. raised its position in Charles Schwab by 2,112.7% in the second quarter. Federated Hermes Inc. now owns 181,793 shares of the financial services provider’s stock valued at $16,587,000 after purchasing an additional 173,577 shares during the period. First National Trust Co boosted its position in shares of Charles Schwab by 82.2% during the third quarter. First National Trust Co now owns 89,224 shares of the financial services provider’s stock worth $8,518,000 after buying an additional 40,257 shares during the period. AE Wealth Management LLC grew its stake in shares of Charles Schwab by 131.0% in the third quarter. AE Wealth Management LLC now owns 99,832 shares of the financial services provider’s stock valued at $9,531,000 after buying an additional 56,609 shares in the last quarter. W.H. Cornerstone Investments Inc. acquired a new stake in shares of Charles Schwab in the second quarter valued at $246,000. Finally, Optimize Financial Inc purchased a new stake in shares of Charles Schwab in the 3rd quarter valued at $467,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Price Performance

Charles Schwab stock opened at $97.52 on Friday. The firm’s 50-day moving average is $100.44 and its two-hundred day moving average is $96.51. 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 stock has a market capitalization of $173.29 billion, a P/E ratio of 20.93, a P/E/G ratio of 0.77 and a beta of 0.94. The Charles Schwab Corporation has a 12-month low of $65.88 and a 12-month high of $107.50.

Charles Schwab (NYSE:SCHW) 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 22.07% and a net margin of 37.01%.The firm’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 EPS. 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 declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.3%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, February 13th. Charles Schwab’s dividend payout ratio (DPR) is presently 27.47%.

Analyst Ratings Changes

A number of brokerages recently weighed in on SCHW. Piper Sandler lifted their price objective on shares of Charles Schwab from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Citigroup reiterated a “market outperform” rating on shares of Charles Schwab in a research note on Monday, January 12th. Truist Financial lifted their target price on shares of Charles Schwab from $120.00 to $122.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. TD Cowen lifted their target price on Charles Schwab from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, UBS Group lifted their price objective on Charles Schwab from $123.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.95.

Insider Buying and Selling at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 7,595 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $104.38, for a total value of $792,766.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Walter W. Bettinger sold 162,462 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $103.90, for a total transaction of $16,879,801.80. Following the completion of the sale, the chairman directly owned 529,346 shares of the company’s stock, valued at $54,999,049.40. This trade represents a 23.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 348,344 shares of company stock worth $36,259,555. 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.