Castleark Management LLC Boosts Stake in The Charles Schwab Corporation $SCHW

Castleark Management LLC grew its stake in The Charles Schwab Corporation (NYSE:SCHW) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 622,535 shares of the financial services provider’s stock after buying an additional 10,861 shares during the period. Charles Schwab accounts for 1.8% of Castleark Management LLC’s holdings, making the stock its 13th biggest position. Castleark Management LLC’s holdings in Charles Schwab were worth $62,197,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Advisors Asset Management Inc. increased its holdings in Charles Schwab by 27.9% in the fourth quarter. Advisors Asset Management Inc. now owns 12,813 shares of the financial services provider’s stock valued at $1,280,000 after buying an additional 2,793 shares in the last quarter. CI Investments Inc. increased its holdings in Charles Schwab by 38.2% in the fourth quarter. CI Investments Inc. now owns 60,547 shares of the financial services provider’s stock valued at $6,049,000 after buying an additional 16,741 shares in the last quarter. Douglass Winthrop Advisors LLC increased its holdings in Charles Schwab by 12.9% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 6,294 shares of the financial services provider’s stock valued at $629,000 after buying an additional 720 shares in the last quarter. Rossby Financial LCC increased its holdings in Charles Schwab by 420.2% in the fourth quarter. Rossby Financial LCC now owns 874 shares of the financial services provider’s stock valued at $87,000 after buying an additional 706 shares in the last quarter. Finally, Elevation Wealth Management LLC purchased a new position in Charles Schwab in the fourth quarter valued at $225,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In related news, insider Nigel J. Murtagh sold 41,297 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $99.00, for a total transaction of $4,088,403.00. Following the sale, the insider directly owned 57,972 shares of the company’s stock, valued at $5,739,228. This represents a 41.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank C. Herringer sold 2,520 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $90.60, for a total transaction of $228,312.00. Following the sale, the director directly owned 177,508 shares in the company, valued at approximately $16,082,224.80. The trade was a 1.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 59,700 shares of company stock valued at $5,889,131 in the last ninety days. Company insiders own 6.30% of the company’s stock.

More Charles Schwab News

Here are the key news stories impacting Charles Schwab this week:

• Positive Sentiment: Schwab reported monthly activity highlights for May, and the company said the month set records, reinforcing confidence in client growth and trading momentum. Schwab Reports Monthly Activity Highlights
• Positive Sentiment: Market commentary says the stock is also getting a lift from a broader rebound in financials and renewed investor focus on Schwab’s strong client and trading trends. Charles Schwab jumps as financials rebound and investors refocus on Schwab’s strong client/trading momentum
• Positive Sentiment: Recent analyst actions have been constructive, with firms raising earnings estimates and maintaining buy-style ratings, which supports the bullish setup for SCHW. Charles Schwab stock research page
• Neutral Sentiment: Schwab also announced the closure and liquidation of its Schwab Ariel Opportunities ETF, a fund-level action that appears unlikely to materially affect the parent company’s near-term stock performance. Schwab Asset Management Announces Closure and Liquidation of the Schwab Ariel Opportunities ETF (SAEF)
• Negative Sentiment: There is still some caution in the background from mixed institutional positioning and heavy insider selling over the past six months, which could limit upside if sentiment weakens. Charles Schwab jumps as financials rebound and investors refocus on Schwab’s strong client/trading momentum

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Raymond James Financial lifted their price objective on shares of Charles Schwab from $126.00 to $137.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Truist Financial cut their price objective on shares of Charles Schwab from $122.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. UBS Group cut their price objective on shares of Charles Schwab from $125.00 to $119.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. JPMorgan Chase & Co. lifted their price objective on shares of Charles Schwab from $128.00 to $131.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Finally, Piper Sandler lifted their price objective on shares of Charles Schwab from $103.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.00.

Charles Schwab Price Performance

Charles Schwab stock opened at $91.04 on Friday. The company’s 50 day simple moving average is $91.05 and its 200-day simple moving average is $95.25. The company has a market capitalization of $158.32 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 0.84 and a beta of 0.77. The Charles Schwab Corporation has a 1 year low of $83.96 and a 1 year high of $107.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.62 and a current ratio of 0.62.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Thursday, April 16th. The financial services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.04. Charles Schwab had a net margin of 37.99% and a return on equity of 23.05%. The firm had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same period in the prior year, the firm earned $1.04 EPS. The firm’s revenue for the quarter 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, equities research analysts expect that The Charles Schwab Corporation will post 6.13 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, May 8th. Charles Schwab’s dividend payout ratio is presently 25.40%.

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.