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 Stock Performance

Charles Schwab stock traded down $1.75 during mid-day trading on Friday, reaching $96.03. The company's stock had a trading volume of 9,535,466 shares, compared to its average volume of 9,194,136. The firm has a market cap of $174.32 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 0.92 and a beta of 0.96. The business has a 50 day moving average price of $93.09 and a 200-day moving average price of $84.91. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.47. The Charles Schwab Corporation has a twelve month low of $61.16 and a twelve month high of $99.59.

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

Charles Schwab Announces Dividend

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

Charles Schwab declared that its board has approved a share repurchase program on Thursday, July 24th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 11.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Activity

In other Charles Schwab news, Director Paula A. Sneed sold 8,647 shares of Charles Schwab stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $88.06, for a total transaction of $761,454.82. Following the transaction, the director owned 105,654 shares of the company's stock, valued at $9,303,891.24. The trade was a 7.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 2,850 shares of Charles Schwab stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $87.57, for a total value of $249,574.50. Following the transaction, the insider directly owned 15,219 shares in the company, valued at approximately $1,332,727.83. This trade represents a 15.77% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 308,016 shares of company stock worth $29,341,433. 6.30% of the stock is owned by company insiders.

Institutional Trading of Charles Schwab

Several institutional investors and hedge funds have recently bought and sold shares of SCHW. Atwood & Palmer Inc. acquired a new stake in Charles Schwab during the 1st quarter worth about $25,000. Princeton Global Asset Management LLC acquired a new stake in Charles Schwab during the 2nd quarter worth about $25,000. Westside Investment Management Inc. raised its holdings in Charles Schwab by 75.0% during the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock worth $27,000 after buying an additional 150 shares during the period. RMG Wealth Management LLC acquired a new stake in Charles Schwab during the 2nd quarter worth about $27,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings in Charles Schwab by 97.9% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the financial services provider's stock worth $30,000 after buying an additional 191 shares during the period. Institutional investors and hedge funds own 84.38% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SCHW shares. Morgan Stanley boosted their price target on shares of Charles Schwab from $117.00 to $131.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Keefe, Bruyette & Woods boosted 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. William Blair downgraded shares of Charles Schwab from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. Cowen reissued a "buy" rating on shares of Charles Schwab in a report on Tuesday, May 20th. Finally, The Goldman Sachs Group raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a report on Friday, April 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $99.60.

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.