CORDA Investment Management LLC. Sells 14,303 Shares of The Charles Schwab Corporation $SCHW

CORDA Investment Management LLC. lessened its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 2.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 569,635 shares of the financial services provider’s stock after selling 14,303 shares during the period. Charles Schwab accounts for 4.1% of CORDA Investment Management LLC.’s investment portfolio, making the stock its 4th biggest holding. CORDA Investment Management LLC.’s holdings in Charles Schwab were worth $56,912,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SCHW. Piscataqua Savings Bank acquired a new stake in shares of Charles Schwab during the 4th quarter worth about $26,000. GoalVest Advisory LLC acquired a new stake in shares of Charles Schwab during the 4th quarter worth about $28,000. Beacon Financial Strategies CORP acquired a new stake in shares of Charles Schwab during the 4th quarter worth about $29,000. Optima Capital LLC acquired a new stake in shares of Charles Schwab during the 4th quarter worth about $30,000. Finally, McIlrath & Eck LLC raised its position in shares of Charles Schwab by 143.2% during the 4th quarter. McIlrath & Eck LLC now owns 321 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 189 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Performance

NYSE SCHW opened at $89.31 on Friday. The firm has a market cap of $155.22 billion, a P/E ratio of 17.72, a P/E/G ratio of 0.72 and a beta of 0.80. The Charles Schwab Corporation has a 52-week low of $83.62 and a 52-week high of $107.50. The business’s 50-day moving average price is $93.75 and its 200 day moving average price is $96.18. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.52.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.39 by $0.04. Charles Schwab had a return on equity of 23.03% and a net margin of 37.99%.The firm had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $6.39 billion. During the same period in the prior year, the business earned $1.04 EPS. The firm’s revenue was up 15.8% compared to the same quarter last year. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, equities research analysts expect that The Charles Schwab Corporation will post 5.99 earnings per share for the current year.

Charles Schwab Dividend Announcement

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

Insider Buying and Selling

In related 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 sale, the insider directly owned 57,972 shares of the company’s stock, valued at $5,739,228. This trade represents a 41.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul V. Woolway sold 7,941 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $100.00, for a total value of $794,100.00. Following the sale, the insider directly owned 29,866 shares of the company’s stock, valued at approximately $2,986,600. This represents a 21.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 126,924 shares of company stock valued at $12,268,634 in the last ninety days. Company insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. TD Cowen reissued a “buy” rating on shares of Charles Schwab in a research report on Thursday, April 9th. Barclays cut their target price on Charles Schwab from $126.00 to $117.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Morgan Stanley cut their target price on Charles Schwab from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $127.00 price target on shares of Charles Schwab in a research report on Friday, April 17th. Finally, Citizens Jmp boosted their price objective on Charles Schwab from $110.00 to $120.00 and gave the company a “market outperform” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $114.00.

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.