Maltese Capital Management LLC cut its holdings in The Charles Schwab Corporation (NYSE:SCHW – Free Report) by 20.0% during the fourth quarter, HoldingsChannel reports. The firm owned 50,000 shares of the financial services provider’s stock after selling 12,500 shares during the period. Maltese Capital Management LLC’s holdings in Charles Schwab were worth $4,996,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in SCHW. Brighton Jones LLC lifted its holdings in shares of Charles Schwab by 380.5% during the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock worth $1,794,000 after buying an additional 19,195 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Charles Schwab by 21.6% in 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 during the last quarter. United Bank grew its stake in shares of Charles Schwab by 7.1% in the second quarter. United Bank now owns 16,053 shares of the financial services provider’s stock worth $1,465,000 after acquiring an additional 1,070 shares during the last quarter. Nebula Research & Development LLC bought a new position in Charles Schwab during the second quarter worth $552,000. Finally, Main Street Financial Solutions LLC raised its stake in Charles Schwab by 4.7% during the 2nd 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 during 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 sale, the insider directly owned 57,972 shares in the company, valued at $5,739,228. This represents a 41.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul V. Woolway sold 7,941 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $100.00, for a total value of $794,100.00. Following the transaction, the insider owned 29,866 shares of the company’s stock, valued at $2,986,600. This represents a 21.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 59,700 shares of company stock valued at $5,889,131 in the last 90 days. 6.30% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Read Our Latest Report on Charles Schwab
Key Headlines Impacting Charles Schwab
Here are the key news stories impacting Charles Schwab this week:
- Positive Sentiment: May client assets rose to $13.14 trillion, while core net new assets jumped 43% and new brokerage accounts increased, signaling healthy demand and stronger asset inflows. Schwab Stock Gains 2.7% as Client Assets, NNA Surge in May
- Positive Sentiment: Another update noted core net new assets rose 49% year over year in May, reinforcing the view that Schwab’s growth engine is recovering. Charles Schwab’s core net new assets rise 49% Y/Y in May
- Positive Sentiment: Analyst commentary continues to frame SCHW as an attractive value stock, which may be helping sentiment around the shares. Here’s Why The Charles Schwab (SCHW) Is One of the Best Bargain Stocks to Buy in June
- Neutral Sentiment: Charles Schwab’s Liz Ann Sonders appeared in a CNBC interview, but the item is media coverage rather than a material company update. Watch CNBC’s full interview with Neuberger Berman’s Jeff Blazek and Charles Schwab’s Liz Ann Sonders
- Neutral Sentiment: Reports that Schwab is expanding office space in Maitland, Florida point to ongoing investment in operations, but the stock impact is likely limited in the near term. Charles Schwab Keeps Gobbling Up Maitland Campus in Big Orlando Expansion Play
- Neutral Sentiment: Schwab is also preparing expansion plans in Maitland, which suggests continued growth investment but does not directly change earnings expectations right away. Charles Schwab preps expansion plans in Maitland
- Negative Sentiment: One valuation-focused article noted the stock’s recent momentum has cooled and that SCHW remains down year to date, which may temper some enthusiasm despite the recent bounce. Charles Schwab (SCHW) Stock Valuation Check After Recent Momentum Cooldown
Charles Schwab Stock Performance
NYSE SCHW opened at $90.94 on Tuesday. The Charles Schwab Corporation has a twelve month low of $83.96 and a twelve month high of $107.50. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.48. The stock has a market cap of $158.16 billion, a P/E ratio of 18.04, a PEG ratio of 0.86 and a beta of 0.78. The company’s 50-day simple moving average is $90.99 and its 200 day simple moving average is $95.29.
Charles Schwab (NYSE:SCHW – Get Free Report) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.04. The firm had revenue of $6.48 billion during 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 company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, research analysts forecast that The Charles Schwab Corporation will post 6.13 earnings per share for the current fiscal year.
Charles Schwab Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, May 8th. Charles Schwab’s dividend payout ratio (DPR) is 25.40%.
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.
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Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Corporation (NYSE:SCHW – Free Report).
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