AMI Asset Management Corp Has $42.01 Million Holdings in The Charles Schwab Corporation $SCHW

AMI Asset Management Corp trimmed its position in The Charles Schwab Corporation (NYSE:SCHW) by 3.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 447,029 shares of the financial services provider’s stock after selling 13,995 shares during the period. Charles Schwab accounts for approximately 2.7% of AMI Asset Management Corp’s investment portfolio, making the stock its 15th biggest position. AMI Asset Management Corp’s holdings in Charles Schwab were worth $42,012,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Souders Financial Advisors increased its holdings in Charles Schwab by 2.3% in the 4th quarter. Souders Financial Advisors now owns 4,341 shares of the financial services provider’s stock worth $434,000 after purchasing an additional 98 shares in the last quarter. Lantz Financial LLC increased its stake in shares of Charles Schwab by 3.1% in the fourth quarter. Lantz Financial LLC now owns 3,243 shares of the financial services provider’s stock valued at $324,000 after buying an additional 99 shares during the period. Roberts Wealth Advisors LLC increased its stake in shares of Charles Schwab by 0.5% in the fourth quarter. Roberts Wealth Advisors LLC now owns 22,961 shares of the financial services provider’s stock valued at $2,294,000 after buying an additional 105 shares during the period. Essex Financial Services Inc. raised its holdings in Charles Schwab by 0.8% in the 4th quarter. Essex Financial Services Inc. now owns 12,833 shares of the financial services provider’s stock valued at $1,282,000 after buying an additional 105 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its holdings in Charles Schwab by 0.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 24,626 shares of the financial services provider’s stock valued at $2,460,000 after buying an additional 107 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of research reports. Keefe, Bruyette & Woods assumed coverage on shares of Charles Schwab in a report on Wednesday, April 8th. They set an “outperform” rating and a $110.00 target price on the stock. Piper Sandler raised their price target on shares of Charles Schwab from $103.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Argus set a $108.00 price target on shares of Charles Schwab in a report on Monday, April 20th. Jefferies Financial Group reduced their price objective on shares of Charles Schwab from $122.00 to $118.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Finally, Truist Financial decreased their price objective on Charles Schwab from $122.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Charles Schwab currently has a consensus rating of “Moderate Buy” and an average price target of $116.00.

Charles Schwab Stock Down 0.2%

Charles Schwab stock opened at $90.49 on Tuesday. The firm has a market cap of $157.37 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 0.83 and a beta of 0.78. The Charles Schwab Corporation has a 52-week low of $83.96 and a 52-week 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. The firm has a 50 day moving average price of $90.21 and a two-hundred day moving average price of $95.19.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data 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. The company had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $6.39 billion. Charles Schwab had a net margin of 37.99% and a return on equity of 23.05%. Charles Schwab’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Equities analysts predict that The Charles Schwab Corporation will post 6.14 EPS for the current year.

Charles Schwab Announces Dividend

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

Insider Activity

In related news, insider Paul V. Woolway sold 7,942 shares of the company’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $98.00, for a total transaction of $778,316.00. Following the sale, the insider owned 29,866 shares in the company, valued at $2,926,868. This represents a 21.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank C. Herringer sold 2,520 shares of the firm’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 value of $228,312.00. Following the sale, the director directly owned 177,508 shares of the company’s stock, valued at $16,082,224.80. This represents a 1.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 59,700 shares of company stock valued at $5,889,131 in the last ninety days. 6.30% of the stock is owned by company insiders.

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.