Great Lakes Advisors LLC Sells 12,988 Shares of The Charles Schwab Corporation $SCHW

Great Lakes Advisors LLC lessened its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 12.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,293 shares of the financial services provider’s stock after selling 12,988 shares during the period. Great Lakes Advisors LLC’s holdings in Charles Schwab were worth $9,098,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHW. Princeton Global Asset Management LLC purchased a new stake in Charles Schwab during the second quarter valued at approximately $25,000. RMG Wealth Management LLC bought a new stake in shares of Charles Schwab during the second quarter worth $27,000. West Branch Capital LLC bought a new stake in Charles Schwab during the 3rd quarter valued at about $27,000. Hoese & Co LLP boosted its holdings in shares of Charles Schwab by 131.6% in the second quarter. Hoese & Co LLP now owns 352 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 200 shares during the period. Finally, Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Charles Schwab in the 2nd quarter worth $32,000. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Stock Performance

NYSE:SCHW opened at $103.42 on Friday. The Charles Schwab Corporation has a fifty-two week low of $65.88 and a fifty-two week high of $105.81. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.58 and a current ratio of 0.58. The company has a 50 day moving average price of $98.76 and a 200 day moving average price of $96.18. The stock has a market capitalization of $183.77 billion, a P/E ratio of 22.19, a PEG ratio of 0.84 and a beta of 0.94.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.07. The firm had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $6.19 billion. Charles Schwab had a net margin of 37.01% and a return on equity of 22.07%. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Equities research analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, February 13th. This represents a $1.28 dividend on an annualized basis and a yield of 1.2%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.27. Charles Schwab’s dividend payout ratio (DPR) is 23.18%.

Analyst Ratings Changes

SCHW has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Charles Schwab from $139.00 to $148.00 and gave the company an “overweight” rating in a report on Monday, December 22nd. TD Cowen lifted their price objective on shares of Charles Schwab from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Wolfe Research set a $120.00 target price on Charles Schwab in a research report on Monday, January 12th. UBS Group upped their price target on shares of Charles Schwab from $123.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, Citizens Jmp boosted their target price on shares of 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, sixteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.65.

Insider Activity

In other Charles Schwab news, insider Jonathan S. Beatty sold 3,072 shares of Charles Schwab stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $98.00, for a total value of $301,056.00. Following the transaction, the insider directly owned 11,923 shares in the company, valued at approximately $1,168,454. The trade was a 20.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 7,072 shares of company stock worth $715,076 in the last 90 days. Company 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.