CIBC Asset Management Inc Grows Stock Holdings in The Charles Schwab Corporation $SCHW

CIBC Asset Management Inc boosted its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 60.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 414,813 shares of the financial services provider’s stock after acquiring an additional 156,229 shares during the quarter. CIBC Asset Management Inc’s holdings in Charles Schwab were worth $41,444,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Marble Wealth LLC purchased a new position in Charles Schwab in the 4th quarter valued at approximately $4,136,000. Bank of New York Mellon Corp grew its stake in Charles Schwab by 10.7% in the 4th quarter. Bank of New York Mellon Corp now owns 13,152,198 shares of the financial services provider’s stock valued at $1,314,036,000 after buying an additional 1,271,471 shares in the last quarter. Rational Advisors Inc. grew its stake in Charles Schwab by 528.6% in the 4th quarter. Rational Advisors Inc. now owns 22,000 shares of the financial services provider’s stock valued at $2,198,000 after buying an additional 18,500 shares in the last quarter. Kesler Norman & Wride LLC purchased a new position in shares of Charles Schwab during the 4th quarter valued at $617,000. Finally, Bridges Investment Management Inc. grew its position in shares of Charles Schwab by 0.7% during the 4th quarter. Bridges Investment Management Inc. now owns 20,316 shares of the financial services provider’s stock valued at $2,030,000 after purchasing an additional 138 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Charles Schwab

In other news, insider Paul V. Woolway sold 7,941 shares of Charles Schwab stock in a transaction on Wednesday, April 15th. The shares were 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 of the company’s stock, valued at approximately $2,986,600. The trade was a 21.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank C. Herringer sold 2,520 shares of Charles Schwab stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $90.60, for a total transaction 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 59,700 shares of company stock valued at $5,889,131. Insiders own 6.30% of the company’s stock.

Charles Schwab Stock Performance

NYSE SCHW opened at $86.74 on Thursday. The Charles Schwab Corporation has a 52-week low of $83.96 and a 52-week high of $107.50. 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 company has a market capitalization of $150.86 billion, a P/E ratio of 17.21, a P/E/G ratio of 0.83 and a beta of 0.77. The company has a fifty day moving average of $91.73 and a 200-day moving average of $95.43.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.43 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $6.39 billion. During the same period in the previous year, the firm posted $1.04 EPS. The firm’s revenue was up 15.8% compared to the same quarter last year. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, equities research analysts predict that The Charles Schwab Corporation will post 6.12 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, May 8th. Charles Schwab’s payout ratio is currently 25.40%.

Wall Street Analysts Forecast Growth

SCHW has been the subject of a number of recent analyst reports. Jefferies Financial Group reduced their price target on shares of Charles Schwab from $122.00 to $118.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Barclays boosted their price target on shares of Charles Schwab from $117.00 to $127.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Weiss Ratings upgraded shares of Charles Schwab from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. Raymond James Financial boosted their price target on shares of Charles Schwab from $126.00 to $137.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Finally, Piper Sandler boosted their price target on shares of Charles Schwab from $103.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $114.30.

More Charles Schwab News

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

• Positive Sentiment: Schwab is launching 24/7 crypto futures, $1 fractional trading, and smarter platform tools, a move aimed at attracting active traders and defending market share. Schwab Upgrades Trading Features: A Catalyst for Market Share Gains?
• Positive Sentiment: The company has also announced 24/7 Bitcoin, Ether, Solana, and Ripple futures, with plans to offer spot crypto trading and custody for advisors next year, which could deepen its footprint in digital assets. Charles Schwab debuts 24/7 Bitcoin, Ether, Solana and Ripple futures, targets spot crypto for advisors next year
• Neutral Sentiment: Schwab shareholders kept the current staggered board structure after voting down a proposal to declassify the board; the governance result is notable, but it is unlikely to be a major near-term driver of earnings. Charles Schwab Keeps Staggered Board As Stock Trades Below Analyst Targets
• Negative Sentiment: Unusual options activity leaned bearish, with traders buying a much larger-than-normal number of put options, suggesting some market participants are hedging against downside.

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.