Principal Financial Group Inc. Sells 332,933 Shares of The Charles Schwab Corporation $SCHW

Principal Financial Group Inc. decreased its position in The Charles Schwab Corporation (NYSE:SCHW) by 10.5% in the 1st quarter, HoldingsChannel reports. The fund owned 2,851,720 shares of the financial services provider’s stock after selling 332,933 shares during the period. Principal Financial Group Inc.’s holdings in Charles Schwab were worth $268,006,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of SCHW. Dogwood Wealth Management LLC boosted its stake in Charles Schwab by 99.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock worth $25,000 after buying an additional 123 shares in the last quarter. Piscataqua Savings Bank acquired a new position in shares of Charles Schwab in the 4th quarter valued at $26,000. GoalVest Advisory LLC acquired a new position in shares of Charles Schwab in the 4th quarter valued at $28,000. Beacon Financial Strategies CORP acquired a new position in shares of Charles Schwab in the 4th quarter valued at $29,000. Finally, Optima Capital LLC bought a new position in shares of Charles Schwab during the 4th quarter worth about $30,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Down 1.2%

SCHW opened at $101.15 on Wednesday. The firm’s 50-day simple moving average is $92.02 and its 200-day simple moving average is $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. The Charles Schwab Corporation has a twelve month low of $83.96 and a twelve month high of $107.50. The firm has a market cap of $175.91 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 0.90 and a beta of 0.77.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $6.39 billion. During the same period last year, the firm posted $1.04 EPS. The firm’s quarterly 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. Equities research analysts anticipate that The Charles Schwab Corporation will post 6.23 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.28 annualized dividend and a dividend yield of 1.3%. Charles Schwab’s dividend payout ratio (DPR) is presently 25.40%.

Analyst Upgrades and Downgrades

SCHW has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Charles Schwab from $128.00 to $131.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. TD Cowen increased their price target on shares of Charles Schwab from $108.00 to $109.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Charles Schwab in a research note on Thursday, June 18th. Piper Sandler lifted their price objective on Charles Schwab from $103.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Finally, Truist Financial lowered their price objective on Charles Schwab from $122.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $116.32.

Insider Activity at Charles Schwab

In other news, Director Frank C. Herringer sold 2,520 shares of Charles Schwab stock in a transaction that occurred 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 owned 177,508 shares in the company, valued at approximately $16,082,224.80. The trade was a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jonathan S. Beatty sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $100.01, for a total value of $200,020.00. Following the completion of the transaction, the insider directly owned 13,738 shares in the company, valued at $1,373,937.38. The trade was a 12.71% 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. In the last ninety days, insiders have sold 6,520 shares of company stock valued at $622,392. Company insiders own 6.30% of the company’s stock.

Charles Schwab Company 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.