Central Pacific Bank Trust Division Has $7.05 Million Stock Holdings in The Charles Schwab Corporation $SCHW

Central Pacific Bank Trust Division decreased its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 11.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,553 shares of the financial services provider’s stock after selling 9,033 shares during the quarter. Charles Schwab accounts for approximately 0.9% of Central Pacific Bank Trust Division’s holdings, making the stock its 17th biggest position. Central Pacific Bank Trust Division’s holdings in Charles Schwab were worth $7,049,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SCHW. Norges Bank acquired a new stake in Charles Schwab during the 2nd quarter worth about $1,889,858,000. Brown Advisory Inc. grew its stake in Charles Schwab by 88.4% during the 2nd quarter. Brown Advisory Inc. now owns 12,162,260 shares of the financial services provider’s stock valued at $1,109,687,000 after acquiring an additional 5,708,208 shares in the last quarter. Primecap Management Co. CA grew its stake in Charles Schwab by 11.4% during the 3rd quarter. Primecap Management Co. CA now owns 21,209,187 shares of the financial services provider’s stock valued at $2,024,841,000 after acquiring an additional 2,174,381 shares in the last quarter. Mondrian Investment Partners LTD acquired a new position in shares of Charles Schwab in the 3rd quarter valued at about $169,104,000. Finally, First Trust Advisors LP increased its holdings in shares of Charles Schwab by 292.7% in the 3rd quarter. First Trust Advisors LP now owns 2,206,320 shares of the financial services provider’s stock valued at $210,637,000 after purchasing an additional 1,644,503 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Stock Up 0.7%

Charles Schwab stock opened at $94.66 on Friday. 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 Charles Schwab Corporation has a fifty-two week low of $65.88 and a fifty-two week high of $107.50. The firm has a fifty day moving average price of $98.15 and a two-hundred day moving average price of $96.25. The firm has a market cap of $165.86 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 0.76 and a beta of 0.93.

Charles Schwab (NYSE:SCHW) last issued its quarterly 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 company had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $6.19 billion. Charles Schwab had a return on equity of 21.97% 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 period last year, the business posted $1.01 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a $0.32 dividend. This is an increase from Charles Schwab’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. Charles Schwab’s payout ratio is 27.47%.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Director Christopher V. Dodds sold 11,825 shares of Charles Schwab stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $104.55, for a total value of $1,236,303.75. Following the transaction, the director directly owned 449,406 shares of the company’s stock, valued at $46,985,397.30. The trade was a 2.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Dennis Howard sold 10,108 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $94.60, for a total value of $956,216.80. Following the completion of the sale, the insider directly owned 10,470 shares of the company’s stock, valued at $990,462. This represents a 49.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 415,568 shares of company stock worth $42,639,058. Insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

SCHW has been the subject of several research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $131.00 price target on shares of Charles Schwab in a report on Thursday, January 22nd. Morgan Stanley upped their price objective on shares of Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, December 22nd. Piper Sandler increased their target price on shares of Charles Schwab from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Raymond James Financial reissued an “outperform” rating and set a $114.00 target price on shares of Charles Schwab in a research note on Monday, January 5th. Finally, Bank of America boosted their price target on shares of Charles Schwab from $88.00 to $91.00 and gave the company an “underperform” rating in a report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $115.95.

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.