Bamco Inc. NY Sells 71,650 Shares of The Charles Schwab Corporation $SCHW

Bamco Inc. NY lowered its position in The Charles Schwab Corporation (NYSE:SCHW) by 1.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,060,309 shares of the financial services provider’s stock after selling 71,650 shares during the quarter. Charles Schwab makes up about 1.9% of Bamco Inc. NY’s investment portfolio, making the stock its 11th largest position. Bamco Inc. NY’s holdings in Charles Schwab were worth $705,395,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. BNB Wealth Management LLC bought a new position in Charles Schwab in the 4th quarter worth $275,000. Boothbay Fund Management LLC boosted its holdings in Charles Schwab by 47.6% in the 4th quarter. Boothbay Fund Management LLC now owns 19,572 shares of the financial services provider’s stock worth $1,955,000 after buying an additional 6,314 shares during the period. Advanced Portfolio Management LLC purchased a new stake in Charles Schwab in the 4th quarter worth $480,000. Align Financial LLC purchased a new stake in Charles Schwab in the 4th quarter worth $9,294,000. Finally, American Trust Investment Advisors LLC lifted its stake in Charles Schwab by 1.9% in the 4th quarter. American Trust Investment Advisors LLC now owns 50,913 shares of the financial services provider’s stock worth $5,087,000 after purchasing an additional 972 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Charles Schwab stock opened at $94.62 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.62 and a quick ratio of 0.62. The Charles Schwab Corporation has a 1-year low of $83.96 and a 1-year high of $107.50. The firm has a market capitalization of $164.56 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 0.88 and a beta of 0.77. The company’s 50-day moving average is $91.01 and its 200 day moving average is $95.32.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.04. Charles Schwab had a net margin of 37.99% and a return on equity of 23.05%. The company had revenue of $6.48 billion for the quarter, compared to analyst estimates of $6.39 billion. During the same period in the prior year, the company posted $1.04 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Research analysts forecast that The Charles Schwab Corporation will post 6.13 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. 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

Several brokerages have commented on SCHW. UBS Group decreased their price target on shares of Charles Schwab from $125.00 to $119.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $128.00 price target on shares of Charles Schwab in a research note on Friday, May 15th. Keefe, Bruyette & Woods began coverage on shares of Charles Schwab in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $110.00 price target on the stock. Weiss Ratings upgraded shares of Charles Schwab from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. Finally, Argus set a $108.00 price target on shares of Charles Schwab in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.00.

Insider Buying and Selling

In related news, Director Frank C. Herringer sold 2,520 shares of the 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 sale, the director directly owned 177,508 shares of the company’s stock, valued at $16,082,224.80. This represents a 1.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul V. Woolway sold 7,941 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $100.00, for a total transaction of $794,100.00. Following the completion of the sale, the insider directly owned 29,866 shares in the company, valued at $2,986,600. This trade represents a 21.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 59,700 shares of company stock valued at $5,889,131 in the last ninety days. 6.30% of the stock is owned by company insiders.

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.