The Charles Schwab Corporation (NYSE:SCHW) Stake Boosted by Spire Wealth Management

25 Jun 2025, 10:38 by Doug Wharley · The Cerbat Gem

Spire Wealth Management raised its position in shares of The Charles Schwab Corporation (NYSE:SCHW – Free Report) by 53.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 137,589 shares of the financial services provider’s stock after buying an additional 47,939 shares during the quarter. Spire Wealth Management’s holdings in Charles Schwab were worth $10,771,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SCHW. Cary Street Partners Financial LLC acquired a new position in Charles Schwab in the 4th quarter worth approximately $1,455,000. Banco Santander S.A. boosted its position in shares of Charles Schwab by 49.6% in the fourth quarter. Banco Santander S.A. now owns 16,316 shares of the financial services provider’s stock worth $1,208,000 after buying an additional 5,413 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Charles Schwab by 0.6% in the fourth quarter. Bank of New York Mellon Corp now owns 10,438,852 shares of the financial services provider’s stock worth $772,579,000 after buying an additional 60,683 shares during the period. Graham Capital Management L.P. grew its holdings in shares of Charles Schwab by 248.3% during the fourth quarter. Graham Capital Management L.P. now owns 112,376 shares of the financial services provider’s stock valued at $8,317,000 after buying an additional 80,112 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in Charles Schwab by 17.2% during the first quarter. State of Alaska Department of Revenue now owns 199,687 shares of the financial services provider’s stock valued at $15,631,000 after buying an additional 29,255 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SCHW has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their price objective on Charles Schwab from $90.00 to $93.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 22nd. Cowen reissued a “buy” rating on shares of Charles Schwab in a research report on Tuesday, May 20th. UBS Group boosted their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, April 22nd. TD Securities increased their target price on shares of Charles Schwab from $95.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Charles Schwab from $92.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $89.40.

Read Our Latest Analysis on SCHW

Insider Activity at Charles Schwab

In other news, insider Paul V. Woolway sold 10,129 shares of the company’s stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total transaction of $911,711.29. Following the completion of the transaction, the insider now directly owns 39,154 shares in the company, valued at $3,524,251.54. The trade was a 20.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nigel J. Murtagh sold 20,872 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total value of $1,878,688.72. Following the completion of the sale, the insider now directly owns 58,999 shares of the company’s stock, valued at $5,310,499.99. This represents a 26.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,995 shares of company stock worth $10,493,320. 6.30% of the stock is owned by insiders.

Charles Schwab Stock Performance

SCHW opened at $89.31 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market cap of $162.27 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 0.95 and a beta of 0.94. The stock has a 50-day moving average of $85.28 and a 200-day moving average of $80.21. The Charles Schwab Corporation has a 52-week low of $61.01 and a 52-week high of $90.60.

Charles Schwab (NYSE:SCHW – Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. The firm had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. As a group, equities research analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.21%. Charles Schwab’s payout ratio is presently 32.73%.

Charles Schwab Company Profile

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