SVB Wealth LLC Sells 5,604 Shares of The Charles Schwab Corporation $SCHW

SVB Wealth LLC cut its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 23.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,972 shares of the financial services provider’s stock after selling 5,604 shares during the period. SVB Wealth LLC’s holdings in Charles Schwab were worth $1,689,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC grew its holdings in shares of Charles Schwab by 380.5% in the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock valued at $1,794,000 after acquiring an additional 19,195 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in Charles Schwab by 21.6% during the second quarter. Sivia Capital Partners LLC now owns 4,553 shares of the financial services provider’s stock worth $415,000 after acquiring an additional 809 shares in the last quarter. United Bank boosted its position in Charles Schwab by 7.1% during the second quarter. United Bank now owns 16,053 shares of the financial services provider’s stock valued at $1,465,000 after purchasing an additional 1,070 shares during the last quarter. Nebula Research & Development LLC acquired a new position in Charles Schwab during the second quarter valued at approximately $552,000. Finally, Main Street Financial Solutions LLC grew its stake in Charles Schwab by 4.7% in the second quarter. Main Street Financial Solutions LLC now owns 6,828 shares of the financial services provider’s stock valued at $623,000 after purchasing an additional 305 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Nigel J. Murtagh sold 41,297 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $99.00, for a total value of $4,088,403.00. Following the transaction, the insider directly owned 57,972 shares of the company’s stock, valued at $5,739,228. This represents a 41.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 shares were sold at an average price of $90.60, for a total value of $228,312.00. Following the completion of the transaction, the director directly owned 177,508 shares in the company, valued at approximately $16,082,224.80. This represents a 1.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 59,700 shares of company stock worth $5,889,131 in the last ninety days. 6.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Jefferies Financial Group lowered their price target on Charles Schwab from $122.00 to $118.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Charles Schwab in a research note on Thursday, June 18th. JPMorgan Chase & Co. raised their target price on shares of Charles Schwab from $128.00 to $131.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Morgan Stanley lowered their target price on shares of Charles Schwab from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. Finally, Barclays increased their price target on shares of Charles Schwab from $117.00 to $127.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Charles Schwab currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.00.

Trending Headlines about Charles Schwab

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

• Positive Sentiment: Schwab reported record May core net new assets of $49.9 billion, up 43% from a year ago, while total client assets reached $13.14 trillion, underscoring strong inflows and healthy client growth. Charles Schwab (SCHW) Reports Record May Core Net New Assets
• Positive Sentiment: Schwab is reportedly partnering with Cboe to launch S&P 500-linked prediction market contracts, a new offering that could attract retail traders and expand platform engagement. Charles Schwab enters prediction markets with S&P 500 options
• Positive Sentiment: Analyst coverage highlighted SCHW as a high-ROE, cash-rich stock as markets recovered, reinforcing the view that Schwab remains a quality name in a shaky macro backdrop. 5 High ROE Stocks to Buy as Markets Recover After Fed-Induced Sell-Off
• Neutral Sentiment: Schwab was also recognized among The Civic 50 for community-minded companies for the 10th straight year, a reputational positive but not a direct earnings driver. Charles Schwab Recognized Among Nation’s Most Community-Minded Companies for 10th Consecutive Year

Charles Schwab Stock Performance

Shares of SCHW stock opened at $93.09 on Wednesday. The Charles Schwab Corporation has a 52 week low of $83.96 and a 52 week high of $107.50. The company has a market capitalization of $161.90 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 0.84 and a beta of 0.77. The company has a 50-day simple moving average of $90.74 and a 200 day simple moving average of $95.30. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.62 and a current ratio of 0.62.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.04. The firm had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $6.39 billion. Charles Schwab had a net margin of 37.99% and a return on equity of 23.05%. The business’s revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.04 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, sell-side analysts predict that The Charles Schwab Corporation will post 6.14 earnings per share for the current year.

Charles Schwab Dividend Announcement

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

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.