Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Position in The Charles Schwab Corporation $SCHW

by · The Cerbat Gem

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of The Charles Schwab Corporation (NYSE:SCHW – Free Report) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,030,995 shares of the financial services provider’s stock after buying an additional 15,698 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Charles Schwab were worth $103,007,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Krilogy Financial LLC grew its position in Charles Schwab by 75.8% during the fourth quarter. Krilogy Financial LLC now owns 54,690 shares of the financial services provider’s stock valued at $5,630,000 after acquiring an additional 23,589 shares during the period. Earned Wealth Advisors LLC raised its holdings in shares of Charles Schwab by 103.5% in the 4th quarter. Earned Wealth Advisors LLC now owns 6,866 shares of the financial services provider’s stock worth $686,000 after purchasing an additional 3,492 shares during the period. Sterling Investment Counsel LLC acquired a new position in shares of Charles Schwab in the 4th quarter valued at about $473,000. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Charles Schwab by 1.2% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 58,306 shares of the financial services provider’s stock valued at $5,825,000 after purchasing an additional 669 shares in the last quarter. Finally, Tributary Capital Management LLC purchased a new stake in shares of Charles Schwab during the 4th quarter worth about $572,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 162,462 shares of Charles Schwab stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $103.90, for a total transaction of $16,879,801.80. Following the sale, the chairman directly owned 529,346 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher V. Dodds sold 11,825 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $104.55, for a total value of $1,236,303.75. Following the completion of the transaction, the director owned 449,406 shares in the company, valued at approximately $46,985,397.30. This trade represents a 2.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 470,748 shares of company stock worth $48,095,857 over the last three months. Insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on SCHW. Morgan Stanley dropped their target price on shares of Charles Schwab from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday. Keefe, Bruyette & Woods began coverage on shares of Charles Schwab in a research note on Wednesday, April 8th. They set an “outperform” rating and a $110.00 price objective for the company. Wolfe Research set a $120.00 price objective on shares of Charles Schwab in a research report on Monday, January 12th. Citizens Jmp raised their target price on shares of Charles Schwab from $110.00 to $120.00 and gave the company a “market outperform” rating in a research note on Monday, January 12th. Finally, Jefferies Financial Group reduced their target price on shares of Charles Schwab from $122.00 to $118.00 and set a “buy” rating on the stock in a report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $114.30.

Check Out Our Latest Report on Charles Schwab

Charles Schwab Stock Up 0.1%

NYSE SCHW opened at $92.40 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.52. The Charles Schwab Corporation has a fifty-two week low of $73.76 and a fifty-two week high of $107.50. The business has a 50 day moving average price of $94.83 and a two-hundred day moving average price of $96.40. The stock has a market cap of $160.60 billion, a PE ratio of 18.33, a P/E/G ratio of 0.75 and a beta of 0.90.

Charles Schwab (NYSE:SCHW – Get Free Report) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.04. Charles Schwab had a net margin of 37.99% and a return on equity of 23.03%. The company had revenue of $6.48 billion for the quarter, compared to analyst estimates of $6.39 billion. During the same quarter last year, the firm posted $1.04 earnings per share. The business’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, sell-side analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a dividend of $0.32 per share. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.28 annualized dividend and a yield of 1.4%. Charles Schwab’s payout ratio is presently 25.40%.

Charles Schwab Company Profile

(Free Report)

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.

See Also

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