41,200 Shares in The Charles Schwab Corporation $SCHW Acquired by Park West Asset Management LLC

Park West Asset Management LLC purchased a new stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 41,200 shares of the financial services provider's stock, valued at approximately $9,344,000.

Several other institutional investors and hedge funds have also bought and sold shares of SCHW. ABS Investment Management LLC bought a new stake in Charles Schwab during the second quarter valued at approximately $181,432,000. Dogwood Wealth Management LLC boosted its position in Charles Schwab by 99.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider's stock valued at $25,000 after buying an additional 123 shares during the period. Compass Financial Management LLC purchased a new position in Charles Schwab during the 2nd quarter valued at about $27,000. Scarborough Advisors LLC bought a new position in shares of Charles Schwab during the first quarter valued at approximately $29,000. Finally, McIlrath & Eck LLC lifted its position in shares of Charles Schwab by 143.2% in the 4th quarter. McIlrath & Eck LLC now owns 321 shares of the financial services provider's stock worth $32,000 after purchasing an additional 189 shares during the period. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Trading Down 2.4%

SCHW stock opened at $109.55 on Thursday. The firm has a fifty day moving average price of $102.72 and a 200 day moving average price of $96.27. The Charles Schwab Corporation has a fifty-two week low of $83.96 and a fifty-two week high of $114.53. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market cap of $189.45 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 0.84 and a beta of 0.76.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.06. The company had revenue of $7.07 billion during the quarter, compared to the consensus estimate of $6.90 billion. Charles Schwab had a return on equity of 24.53% and a net margin of 38.79%.Charles Schwab's revenue was up 20.9% on a year-over-year basis. During the same period last year, the company earned $1.14 earnings per share. Sell-side analysts anticipate that The Charles Schwab Corporation will post 6.46 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Charles Schwab's dividend payout ratio (DPR) is currently 23.27%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Morgan Stanley upped their price target on Charles Schwab from $133.00 to $136.00 and gave the stock an "overweight" rating in a research note on Monday, July 27th. Argus increased their target price on Charles Schwab from $108.00 to $114.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Raymond James Financial restated an "outperform" rating and set a $145.00 price objective on shares of Charles Schwab in a research report on Wednesday, July 22nd. Piper Sandler set a $118.00 price target on Charles Schwab in a research note on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Charles Schwab in a research note on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $121.17.

Trending Headlines about Charles Schwab

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

• Positive Sentiment: OneVest launched on Schwab’s digital account-opening API, including a flexible “headless” option for wealth-management firms. The integration could expand Schwab’s advisor-services technology ecosystem and make its platform more attractive to fintech partners. OneVest Goes Live on Schwab's Digital Account Opening API
• Positive Sentiment: Recent brokerage-stock comparisons highlight Schwab’s scale, diversified revenue base and improving earnings profile. Its valuation is viewed as more reasonable than Interactive Brokers’ despite IBKR’s faster growth, reinforcing the potential appeal of SCHW to value-oriented investors. Schwab vs. Interactive Brokers: Which Brokerage Stock is a Better Buy?
• Neutral Sentiment: Commentary expects market volatility to rise later this year while the VIX remains historically subdued. Higher volatility could increase trading activity and options interest, but the articles primarily frame options as a trading strategy rather than a direct earnings catalyst for Schwab. Markets May Soon Turn Rocky. Time to Trade Schwab Stock.
• Negative Sentiment: Vanguard’s planned $4 billion acquisition of Altruist increases competitive pressure in digital wealth management, a market where Vanguard, Fidelity and Schwab are already competing for advisors and assets. Vanguard Takes On Fidelity, Charles Schwab With $4 Billion Altruist Deal
• Negative Sentiment: Investors appear to be taking profits after Schwab’s strong earnings, rally and recent one-year high. Because earnings and bank-sweep balances are sensitive to interest rates, changing rate expectations and bond-market moves are adding pressure. Heavy insider selling reported over the past six months may also weigh on sentiment, although CEO Richard Wurster was a buyer. Charles Schwab Shares Slip as Investors Weigh Rate Sensitivity and Recent Profit-Taking

Insider Activity

In related news, Chairman Walter W. Bettinger sold 176,210 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $113.49, for a total value of $19,998,072.90. Following the transaction, the chairman owned 610,360 shares of the company's stock, valued at $69,269,756.40. This represents a 22.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nigel J. Murtagh sold 24,778 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $109.01, for a total transaction of $2,701,049.78. Following the transaction, the insider owned 57,972 shares in the company, valued at approximately $6,319,527.72. This represents a 29.94% 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. In the last three months, insiders sold 575,194 shares of company stock valued at $61,697,642. Insiders own 6.30% of the company's stock.

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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