Bowen Hanes & Co. Inc. Reduces Stock Position in The Charles Schwab Corporation $SCHW

Bowen Hanes & Co. Inc. cut its stake in The Charles Schwab Corporation (NYSE:SCHW) by 3.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 613,293 shares of the financial services provider’s stock after selling 23,878 shares during the quarter. Charles Schwab makes up approximately 1.5% of Bowen Hanes & Co. Inc.’s portfolio, making the stock its 29th biggest holding. Bowen Hanes & Co. Inc.’s holdings in Charles Schwab were worth $61,274,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC increased its holdings in Charles Schwab by 99.2% in the fourth quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock valued at $25,000 after buying an additional 123 shares in the last quarter. Piscataqua Savings Bank purchased a new position in Charles Schwab in the fourth quarter valued at about $26,000. GoalVest Advisory LLC purchased a new position in Charles Schwab in the fourth quarter valued at about $28,000. Beacon Financial Strategies CORP purchased a new position in Charles Schwab in the fourth quarter valued at about $29,000. Finally, Optima Capital LLC purchased a new position in Charles Schwab in the fourth quarter valued at about $30,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Charles Schwab

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

• Positive Sentiment: Schwab is launching 24/7 crypto futures, $1 fractional trading, and smarter platform tools, a move aimed at attracting active traders and defending market share. Schwab Upgrades Trading Features: A Catalyst for Market Share Gains?
• Positive Sentiment: The company has also announced 24/7 Bitcoin, Ether, Solana, and Ripple futures, with plans to offer spot crypto trading and custody for advisors next year, which could deepen its footprint in digital assets. Charles Schwab debuts 24/7 Bitcoin, Ether, Solana and Ripple futures, targets spot crypto for advisors next year
• Neutral Sentiment: Schwab shareholders kept the current staggered board structure after voting down a proposal to declassify the board; the governance result is notable, but it is unlikely to be a major near-term driver of earnings. Charles Schwab Keeps Staggered Board As Stock Trades Below Analyst Targets
• Negative Sentiment: Unusual options activity leaned bearish, with traders buying a much larger-than-normal number of put options, suggesting some market participants are hedging against downside.

Charles Schwab Price Performance

SCHW stock opened at $86.74 on Thursday. The Charles Schwab Corporation has a 52-week low of $83.96 and a 52-week high of $107.50. The stock’s fifty day simple moving average is $91.73 and its 200-day simple moving average is $95.43. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $150.86 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 0.83 and a beta of 0.77.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.04. The business had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $6.39 billion. Charles Schwab had a return on equity of 23.05% and a net margin of 37.99%.The business’s revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Equities research analysts expect that The Charles Schwab Corporation will post 6.12 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 8th. Charles Schwab’s dividend payout ratio is 25.40%.

Analysts Set New Price Targets

A number of brokerages have issued reports on SCHW. Weiss Ratings raised shares of Charles Schwab from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. Jefferies Financial Group dropped their price objective on shares of Charles Schwab from $122.00 to $118.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Barclays raised their price objective on shares of Charles Schwab from $117.00 to $127.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Morgan Stanley dropped their price objective on shares of Charles Schwab from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Finally, Raymond James Financial raised their price objective on shares of Charles Schwab from $126.00 to $137.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab currently has an average rating of “Moderate Buy” and an average target price of $114.30.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Director Frank C. Herringer sold 2,520 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $90.60, for a total value of $228,312.00. Following the transaction, the director owned 177,508 shares of the company’s stock, valued at $16,082,224.80. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul V. Woolway sold 7,942 shares of the firm’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 completion of the transaction, the insider directly owned 29,866 shares in the company, valued at $2,926,868. This represents a 21.01% decrease in their position. 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 a total of 59,700 shares of company stock valued at $5,889,131 in the last ninety days. Insiders own 6.30% of the company’s stock.

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.