Lord Abbett & CO. LLC Has $335.84 Million Position in The Charles Schwab Corporation $SCHW

Lord Abbett & CO. LLC lessened its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 2.1% during the fourth quarter, Holdings Channel reports. The fund owned 3,361,384 shares of the financial services provider’s stock after selling 72,231 shares during the quarter. Charles Schwab comprises 1.0% of Lord Abbett & CO. LLC’s investment portfolio, making the stock its 15th largest position. Lord Abbett & CO. LLC’s holdings in Charles Schwab were worth $335,836,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Sumitomo Life Insurance Co. lifted its position in shares of Charles Schwab by 1.2% during the 4th quarter. Sumitomo Life Insurance Co. now owns 13,005 shares of the financial services provider’s stock valued at $1,299,000 after acquiring an additional 157 shares during the period. Circle Wealth Management LLC lifted its position in shares of Charles Schwab by 1.6% during the 4th quarter. Circle Wealth Management LLC now owns 10,339 shares of the financial services provider’s stock valued at $1,033,000 after acquiring an additional 160 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Charles Schwab by 0.4% during the 4th quarter. Quadrant Capital Group LLC now owns 41,406 shares of the financial services provider’s stock valued at $4,137,000 after acquiring an additional 145 shares during the period. Castleark Management LLC lifted its position in shares of Charles Schwab by 1.8% during the 4th quarter. Castleark Management LLC now owns 622,535 shares of the financial services provider’s stock valued at $62,197,000 after acquiring an additional 10,861 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in shares of Charles Schwab by 27.9% during the 4th quarter. Advisors Asset Management Inc. now owns 12,813 shares of the financial services provider’s stock valued at $1,280,000 after acquiring an additional 2,793 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab News Summary

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

• Positive Sentiment: Schwab reported monthly activity highlights for May, and the company said the month set records, reinforcing confidence in client growth and trading momentum. Schwab Reports Monthly Activity Highlights
• Positive Sentiment: Market commentary says the stock is also getting a lift from a broader rebound in financials and renewed investor focus on Schwab’s strong client and trading trends. Charles Schwab jumps as financials rebound and investors refocus on Schwab’s strong client/trading momentum
• Positive Sentiment: Recent analyst actions have been constructive, with firms raising earnings estimates and maintaining buy-style ratings, which supports the bullish setup for SCHW. Charles Schwab stock research page
• Neutral Sentiment: Schwab also announced the closure and liquidation of its Schwab Ariel Opportunities ETF, a fund-level action that appears unlikely to materially affect the parent company’s near-term stock performance. Schwab Asset Management Announces Closure and Liquidation of the Schwab Ariel Opportunities ETF (SAEF)
• Negative Sentiment: There is still some caution in the background from mixed institutional positioning and heavy insider selling over the past six months, which could limit upside if sentiment weakens. Charles Schwab jumps as financials rebound and investors refocus on Schwab’s strong client/trading momentum

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Charles Schwab from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Friday, April 17th. Weiss Ratings upgraded shares of Charles Schwab from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. Jefferies Financial Group dropped their target price on shares of Charles Schwab from $122.00 to $118.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. UBS Group dropped their target price on shares of Charles Schwab from $125.00 to $119.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Finally, Barclays boosted their target price on shares of Charles Schwab from $117.00 to $127.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $116.00.

Charles Schwab Stock Performance

SCHW opened at $91.04 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.48. The company’s fifty day moving average price is $91.05 and its two-hundred day moving average price is $95.25. The Charles Schwab Corporation has a 1-year low of $83.96 and a 1-year high of $107.50. The company has a market cap of $158.32 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 0.84 and a beta of 0.77.

Charles Schwab (NYSE:SCHW) last released 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. Charles Schwab had a net margin of 37.99% and a return on equity of 23.05%. The firm had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. The business’s 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. On average, analysts expect that The Charles Schwab Corporation will post 6.13 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

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

Insiders Place Their Bets

In other Charles Schwab news, insider Paul V. Woolway sold 7,942 shares of the company’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $98.00, for a total transaction of $778,316.00. Following the transaction, the insider owned 29,866 shares in the company, valued at approximately $2,926,868. This represents a 21.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank C. Herringer sold 2,520 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $90.60, for a total transaction of $228,312.00. Following the transaction, the director owned 177,508 shares in the company, valued at approximately $16,082,224.80. The trade was a 1.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 59,700 shares of company stock worth $5,889,131. 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.