First Bank & Trust Purchases 7,044 Shares of The Charles Schwab Corporation $SCHW

First Bank & Trust grew its position in The Charles Schwab Corporation (NYSE:SCHW) by 258.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,774 shares of the financial services provider’s stock after acquiring an additional 7,044 shares during the period. First Bank & Trust’s holdings in Charles Schwab were worth $977,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Federated Hermes Inc. lifted its position in Charles Schwab by 2,112.7% in the 2nd quarter. Federated Hermes Inc. now owns 181,793 shares of the financial services provider’s stock valued at $16,587,000 after acquiring an additional 173,577 shares in the last quarter. First National Trust Co boosted its stake in Charles Schwab by 82.2% in the 3rd quarter. First National Trust Co now owns 89,224 shares of the financial services provider’s stock worth $8,518,000 after purchasing an additional 40,257 shares during the period. AE Wealth Management LLC increased its holdings in Charles Schwab by 131.0% during the 3rd quarter. AE Wealth Management LLC now owns 99,832 shares of the financial services provider’s stock worth $9,531,000 after purchasing an additional 56,609 shares in the last quarter. Optimize Financial Inc bought a new position in Charles Schwab during the 3rd quarter worth about $467,000. Finally, Nordea Investment Management AB raised its stake in shares of Charles Schwab by 11.2% in the 3rd quarter. Nordea Investment Management AB now owns 3,040,864 shares of the financial services provider’s stock valued at $291,436,000 after purchasing an additional 305,904 shares during the period. Institutional investors own 84.38% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Walter W. Bettinger sold 162,462 shares of the business’s stock in a transaction 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 transaction, the chairman directly owned 529,346 shares in the company, valued at approximately $54,999,049.40. The trade was a 23.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dennis Howard sold 27,903 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $95.02, for a total transaction of $2,651,343.06. Following the sale, the insider directly owned 10,470 shares in the company, valued at $994,859.40. This trade represents a 72.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 413,568 shares of company stock valued at $42,435,038 in the last ninety days. 6.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SCHW has been the topic of a number of research reports. Truist Financial upped their price objective on Charles Schwab from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. UBS Group lifted their target price on Charles Schwab from $123.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Bank of America boosted their target price on Charles Schwab from $88.00 to $91.00 and gave the company an “underperform” rating in a research note on Wednesday, December 10th. Citigroup reaffirmed a “market outperform” rating on shares of Charles Schwab in a research report on Monday, January 12th. Finally, Weiss Ratings upgraded shares of Charles Schwab from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Charles Schwab currently has a consensus rating of “Moderate Buy” and an average price target of $115.95.

Charles Schwab Price Performance

NYSE:SCHW opened at $95.08 on Thursday. The Charles Schwab Corporation has a 52-week low of $65.88 and a 52-week high of $107.50. The company has a market cap of $166.60 billion, a P/E ratio of 20.40, a P/E/G ratio of 0.77 and a beta of 0.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.62 and a current ratio of 0.62. The stock’s 50-day simple moving average is $97.77 and its 200 day simple moving average is $96.25.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.32 by $0.07. The firm had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $6.19 billion. Charles Schwab had a return on equity of 21.97% and a net margin of 37.01%.The business’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, sell-side analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, February 13th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.27. Charles Schwab’s payout ratio is currently 27.47%.

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.