Charles Schwab (NYSE:SCHW) Shares Acquired Rep. Rick W. Allen

Key Points

• Representative Rick W. Allen purchased shares of The Charles Schwab Corporation (NYSE:SCHW), investing between $15,001 and $50,000 on July 10th.
• Charles Schwab reported earnings of $1.14 EPS for the latest quarter, exceeding analysts' expectations and increasing revenue by 24.8% year-over-year.
• The company has initiated a $20 billion share buyback program, reflecting confidence in its stock value and aiming to repurchase up to 11.6% of its shares.

Representative Rick W. Allen (R-Georgia) recently bought shares of The Charles Schwab Corporation (NYSE:SCHW). In a filing disclosed on August 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in Charles Schwab stock on July 10th. The trade occurred in the Representative's "R.W. ALLEN & ASSOCIATES, INC. > RWA&A - SECURITIES" account.

Representative Rick W. Allen also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 6/20/2025.
• Sold $15,001 - $50,000 in shares of Thermo Fisher Scientific NYSE: TMO on 5/16/2025.
• Purchased $15,001 - $50,000 in shares of Netflix NASDAQ: NFLX on 5/16/2025.

Charles Schwab Trading Up 2.3%

Shares of NYSE SCHW traded up $2.21 during trading hours on Thursday, hitting $97.80. The company's stock had a trading volume of 11,310,032 shares, compared to its average volume of 9,257,840. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.53 and a current ratio of 0.55. The stock has a market cap of $177.53 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 0.92 and a beta of 0.96. The Charles Schwab Corporation has a 12 month low of $61.16 and a 12 month high of $99.59. The business has a 50-day simple moving average of $92.72 and a 200-day simple moving average of $84.69.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.04. The business had revenue of $5.85 billion during the quarter, compared to analysts' expectations of $5.64 billion. Charles Schwab had a return on equity of 19.30% and a net margin of 33.68%. The firm's quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 earnings per share. On average, analysts anticipate that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be issued a $0.27 dividend. The ex-dividend date is Friday, August 8th. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. Charles Schwab's payout ratio is currently 29.03%.

Charles Schwab announced that its board has initiated a stock buyback program on Thursday, July 24th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to purchase up to 11.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SCHW. Keefe, Bruyette & Woods increased their price target on shares of Charles Schwab from $102.00 to $108.00 and gave the company an "outperform" rating in a report on Monday, July 21st. TD Securities increased their price target on shares of Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Raymond James Financial reaffirmed an "outperform" rating and issued a $99.00 price target on shares of Charles Schwab in a report on Friday, July 18th. JPMorgan Chase & Co. increased their price target on shares of Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Finally, Truist Financial raised their price objective on shares of Charles Schwab from $100.00 to $107.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Charles Schwab presently has a consensus rating of "Moderate Buy" and an average price target of $99.35.

Insider Buying and Selling at Charles Schwab

In related news, insider Jonathan M. Craig sold 47,500 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total transaction of $4,201,850.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total transaction of $889,280.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 308,016 shares of company stock valued at $29,341,433. 6.30% of the stock is owned by corporate insiders.

Institutional Trading of Charles Schwab

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Atwood & Palmer Inc. acquired a new position in Charles Schwab during the first quarter worth about $25,000. Princeton Global Asset Management LLC purchased a new position in shares of Charles Schwab during the second quarter valued at approximately $25,000. Westside Investment Management Inc. lifted its stake in shares of Charles Schwab by 75.0% during the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock valued at $27,000 after buying an additional 150 shares during the period. RMG Wealth Management LLC purchased a new position in shares of Charles Schwab during the second quarter valued at approximately $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in shares of Charles Schwab by 97.9% during the first quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider's stock valued at $30,000 after buying an additional 191 shares during the period. Hedge funds and other institutional investors own 84.38% of the company's stock.

About Representative Allen

Rick Allen (Republican Party) is a member of the U.S. House, representing Georgia's 12th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Allen (Republican Party) ran for re-election to the U.S. House to represent Georgia's 12th Congressional District. He won in the general election on November 5, 2024. Allen was born in Augusta, Georgia, in 1951. He attended Auburn University in Alabama, graduating in 1973 with a B.S. in building construction. After earning his degree, Allen worked as an estimator, project administrator and assistant to the president with a construction firm in Augusta. In 1976, he founded his own construction business, R. W. Allen & Associates, Inc. The company operates in six states across the country. In 2008, Allen was presented with the Augusta Metro Chamber of Commerce’s Small Business Person of the Year award.

Charles Schwab Company Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.