Czech National Bank Grows Position in The Charles Schwab Corporation $SCHW

Czech National Bank grew its position in The Charles Schwab Corporation (NYSE:SCHW) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 440,439 shares of the financial services provider’s stock after acquiring an additional 7,073 shares during the quarter. Czech National Bank’s holdings in Charles Schwab were worth $44,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Charles Schwab by 0.3% in the third quarter. Vanguard Group Inc. now owns 151,585,214 shares of the financial services provider’s stock valued at $14,471,840,000 after purchasing an additional 403,133 shares in the last quarter. State Street Corp raised its stake in Charles Schwab by 1.0% during the third quarter. State Street Corp now owns 73,156,290 shares of the financial services provider’s stock valued at $6,984,231,000 after purchasing an additional 691,671 shares in the last quarter. Fisher Asset Management LLC raised its stake in Charles Schwab by 1.3% during the third quarter. Fisher Asset Management LLC now owns 21,646,588 shares of the financial services provider’s stock valued at $2,066,600,000 after purchasing an additional 269,898 shares in the last quarter. Primecap Management Co. CA lifted its position in Charles Schwab by 11.4% during the third 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 purchasing an additional 2,174,381 shares during the last quarter. Finally, Norges Bank bought a new position in Charles Schwab during the second quarter valued at $1,889,858,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Charles Schwab news, insider Nigel J. Murtagh sold 7,203 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $94.61, for a total value of $681,475.83. Following the sale, the insider owned 57,972 shares in the company, valued at $5,484,730.92. This trade represents a 11.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Dennis Howard sold 10,108 shares of Charles Schwab stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $94.60, for a total value of $956,216.80. Following the sale, the insider owned 10,470 shares of the company’s stock, valued at approximately $990,462. This trade represents a 49.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 413,568 shares of company stock worth $42,435,038 in the last three months. Corporate insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Truist Financial boosted their target price on shares of Charles Schwab from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Raymond James Financial reiterated an “outperform” rating and issued a $114.00 price target on shares of Charles Schwab in a research report on Monday, January 5th. Weiss Ratings raised Charles Schwab from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Piper Sandler upped their price objective on Charles Schwab from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Finally, Wolfe Research set a $120.00 price objective on Charles Schwab in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.95.

Charles Schwab Price Performance

Charles Schwab stock opened at $95.08 on Thursday. The Charles Schwab Corporation has a 12-month low of $65.88 and a 12-month high of $107.50. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $97.77 and a 200-day moving average price of $96.25. The firm has a market capitalization of $166.60 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 0.77 and a beta of 0.93.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data 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. The company had revenue of $6.34 billion for the quarter, compared to analyst estimates of $6.19 billion. Charles Schwab had a net margin of 37.01% and a return on equity of 21.97%. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, 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 declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a $0.32 dividend. The ex-dividend date was Friday, February 13th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.27. This represents a $1.28 annualized dividend and a dividend yield of 1.3%. Charles Schwab’s dividend payout ratio (DPR) is currently 27.47%.

Charles Schwab Company 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.