Banco Bilbao Vizcaya Argentaria S.A. Reduces Position in The Charles Schwab Corporation $SCHW

Banco Bilbao Vizcaya Argentaria S.A. lowered its stake in The Charles Schwab Corporation (NYSE:SCHW) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 358,554 shares of the financial services provider’s stock after selling 8,727 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Charles Schwab were worth $35,832,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. BNB Wealth Management LLC acquired a new position in shares of Charles Schwab in the 4th quarter valued at $275,000. Boothbay Fund Management LLC raised its stake in shares of Charles Schwab by 47.6% in the fourth quarter. Boothbay Fund Management LLC now owns 19,572 shares of the financial services provider’s stock worth $1,955,000 after purchasing an additional 6,314 shares during the last quarter. Advanced Portfolio Management LLC acquired a new stake in shares of Charles Schwab during the fourth quarter worth about $480,000. Align Financial LLC purchased a new stake in Charles Schwab in the fourth quarter valued at approximately $9,294,000. Finally, American Trust Investment Advisors LLC increased its holdings in Charles Schwab by 1.9% in the 4th quarter. American Trust Investment Advisors LLC now owns 50,913 shares of the financial services provider’s stock worth $5,087,000 after buying an additional 972 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Stock Up 1.0%

SCHW stock opened at $94.62 on Thursday. The Charles Schwab Corporation has a 12 month low of $83.96 and a 12 month high of $107.50. The company has a market cap of $164.56 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 0.88 and a beta of 0.77. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average of $91.01 and a two-hundred day moving average of $95.32.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, April 16th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.04. Charles Schwab had a return on equity of 23.05% and a net margin of 37.99%.The company had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $6.39 billion. During the same period in the prior year, the business earned $1.04 EPS. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. 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 6.13 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were issued a dividend of $0.32 per share. The ex-dividend date was Friday, May 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. Charles Schwab’s dividend payout ratio (DPR) is currently 25.40%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Argus set a $108.00 target price on shares of Charles Schwab in a research report on Monday, April 20th. TD Cowen boosted their price objective on Charles Schwab from $108.00 to $109.00 and gave the company a “buy” rating in a report on Friday, May 15th. Barclays raised their target price on Charles Schwab from $117.00 to $127.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Truist Financial reduced their price target on Charles Schwab from $122.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Finally, Piper Sandler boosted their price target on Charles Schwab from $103.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $116.00.

Insider Activity

In other news, insider Nigel J. Murtagh sold 41,297 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $99.00, for a total transaction of $4,088,403.00. Following the completion of the transaction, the insider directly owned 57,972 shares in the company, valued at approximately $5,739,228. This represents a 41.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul V. Woolway sold 7,941 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $100.00, for a total transaction of $794,100.00. Following the completion of the transaction, the insider directly owned 29,866 shares in the company, valued at $2,986,600. The trade was a 21.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 59,700 shares of company stock valued at $5,889,131. 6.30% of the stock is currently owned by company 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.