The Charles Schwab Corporation $SCHW Shares Sold by Frank Rimerman Advisors LLC

by · The Cerbat Gem

Frank Rimerman Advisors LLC lessened its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW – Free Report) by 20.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,784 shares of the financial services provider’s stock after selling 5,106 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Charles Schwab were worth $1,859,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Brookwood Investment Group LLC grew its holdings in Charles Schwab by 192.6% in the 4th quarter. Brookwood Investment Group LLC now owns 12,236 shares of the financial services provider’s stock valued at $1,222,000 after buying an additional 8,054 shares during the period. Juno Financial Group LLC acquired a new stake in shares of Charles Schwab in the fourth quarter worth approximately $2,591,000. Swiss Life Asset Management Ltd boosted its position in shares of Charles Schwab by 4.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 407,179 shares of the financial services provider’s stock worth $40,681,000 after acquiring an additional 16,482 shares during the last quarter. Geode Capital Management LLC grew its holdings in Charles Schwab by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 37,667,640 shares of the financial services provider’s stock valued at $3,747,646,000 after purchasing an additional 98,242 shares during the period. Finally, Nordea Investment Management AB grew its holdings in Charles Schwab by 13.0% in the fourth quarter. Nordea Investment Management AB now owns 3,437,222 shares of the financial services provider’s stock valued at $344,410,000 after purchasing an additional 396,358 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Trading Down 0.2%

Shares of SCHW opened at $101.75 on Thursday. The company has a market capitalization of $176.97 billion, a P/E ratio of 20.19, a P/E/G ratio of 0.93 and a beta of 0.77. The Charles Schwab Corporation has a one year low of $83.96 and a one year 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 stock has a 50-day moving average price of $91.18 and a 200 day moving average price of $95.27.

Charles Schwab (NYSE:SCHW – Get Free Report) last issued its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.04. Charles Schwab had a return on equity of 23.05% and a net margin of 37.99%.The firm had revenue of $6.48 billion during the quarter, compared to analyst estimates of $6.39 billion. During the same quarter last year, the firm earned $1.04 EPS. Charles Schwab’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. Sell-side analysts forecast that The Charles Schwab Corporation will post 6.14 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, May 8th. Charles Schwab’s payout ratio is 25.40%.

Insider Activity at Charles Schwab

In other news, Director Frank C. Herringer sold 2,520 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $90.60, for a total value of $228,312.00. Following the sale, the director owned 177,508 shares in the company, valued at approximately $16,082,224.80. This represents a 1.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 7,941 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $100.00, for a total transaction of $794,100.00. Following the transaction, the insider directly owned 29,866 shares in the company, valued at $2,986,600. The trade was a 21.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 63,700 shares of company stock valued at $6,283,211. Insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SCHW. JPMorgan Chase & Co. boosted their price objective 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. Truist Financial lowered their target price on Charles Schwab from $122.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Morgan Stanley dropped their target price on Charles Schwab from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $128.00 price target on shares of Charles Schwab in a research report on Friday, May 15th. Finally, UBS Group upped their price target on Charles Schwab from $119.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.16.

Get Our Latest Report on Charles Schwab

Charles Schwab Company Profile

(Free Report)

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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