Legal & General Group Plc bought a new position in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 102,433 shares of the financial services provider's stock, valued at approximately $23,231,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SCHW. Norges Bank acquired a new position in shares of Charles Schwab in the 4th quarter valued at about $1,994,189,000. Flossbach Von Storch SE acquired a new stake in Charles Schwab during the second quarter worth about $987,930,000. BlackRock Inc. acquired a new stake in Charles Schwab during the second quarter worth about $861,475,000. Bank of New York Mellon Corp raised its position in Charles Schwab by 22.9% during the first quarter. Bank of New York Mellon Corp now owns 16,162,082 shares of the financial services provider's stock valued at $1,518,913,000 after acquiring an additional 3,009,884 shares in the last quarter. Finally, Primecap Management Co. CA raised its position in Charles Schwab by 9.7% during the fourth quarter. Primecap Management Co. CA now owns 23,276,071 shares of the financial services provider's stock valued at $2,325,512,000 after acquiring an additional 2,066,884 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.
Key Charles Schwab News
Here are the key news stories impacting Charles Schwab this week:
- Positive Sentiment: Schwab plans to add Solana, Avalanche and Chainlink to its direct crypto-trading platform, expanding beyond Bitcoin and Ethereum across its 39.9 million accounts. The move could attract additional trading activity, younger investors and digital-asset revenue, although actual demand remains uncertain. Charles Schwab expands crypto access
- Positive Sentiment: Beginning next year, Schwab will refer clients with at least $5 million in investible assets to external financial advisors. The higher threshold reflects increasing use of the referral program by wealthy clients and may improve the quality and economics of Schwab’s advisor relationships. Schwab hikes minimum for client referrals
- Positive Sentiment: Analyst commentary continues to cite Schwab’s scale, active-trading exposure, technology investments and potential benefit from the Federal Reserve’s next rate move. The stock retains a consensus “Moderate Buy” rating, while recent quarterly results beat estimates on earnings and revenue. Financial stocks positioned for the Fed’s next move
- Positive Sentiment: Schwab’s Digital Account Opening API is now live through OneVest, broadening fintech and wealth-management integrations and potentially increasing adoption of Schwab’s custody and platform services. Charles Schwab opens Digital Account API
- Neutral Sentiment: Market volatility and interest-rate expectations remain important swing factors. Greater volatility could support trading and options activity, while falling or changing rates can affect Schwab’s bank-sweep balances and net interest revenue.
- Negative Sentiment: Vanguard’s planned acquisition of Altruist could intensify competition with Schwab for independent advisors and custody assets, potentially increasing technology spending and pricing pressure. Vanguard’s Altruist acquisition
- Negative Sentiment: Chairman Walter Bettinger sold 176,210 shares worth approximately $20 million, reducing his direct ownership by 22.4%. Although insider sales do not necessarily signal deteriorating fundamentals, the transaction may weigh on investor sentiment after SCHW’s strong rally. Charles Schwab chairman insider sale
Insiders Place Their Bets
In related news, Director Paula A. Sneed sold 5,263 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $107.15, for a total value of $563,930.45. Following the completion of the transaction, the director directly owned 91,711 shares of the company's stock, valued at approximately $9,826,833.65. This represents a 5.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Peter J. Morgan III sold 6,952 shares of the firm's stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $102.03, for a total value of $709,312.56. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 575,194 shares of company stock valued at $61,697,642. 6.30% of the stock is owned by corporate insiders.
Charles Schwab Stock Performance
NYSE:SCHW opened at $110.35 on Friday. 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 company has a fifty day moving average of $103.42 and a two-hundred day moving average of $96.39. The stock has a market capitalization of $190.83 billion, a PE ratio of 20.06, a P/E/G ratio of 0.83 and a beta of 0.76. The Charles Schwab Corporation has a fifty-two week low of $83.96 and a fifty-two week high of $114.53.
Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Tuesday, July 21st. The financial services provider reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $1.56 by $0.06. Charles Schwab had a net margin of 38.79% and a return on equity of 24.53%. The business had revenue of $7.07 billion during the quarter, compared to analysts' expectations of $6.90 billion. During the same quarter in the previous year, the company earned $1.14 earnings per share. The company's quarterly revenue was up 20.9% on a year-over-year basis. As a group, research analysts forecast that The Charles Schwab Corporation will post 6.46 earnings per share for the current fiscal year.
Charles Schwab Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.2%. Charles Schwab's dividend payout ratio is presently 23.27%.
Analyst Ratings Changes
SCHW has been the subject of a number of analyst reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Charles Schwab in a report on Thursday, June 18th. UBS Group set a $135.00 target price on shares of Charles Schwab in a report on Monday, August 3rd. Argus boosted their target price on shares of Charles Schwab from $108.00 to $114.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Wolfe Research reissued an "outperform" rating and set a $127.00 price target on shares of Charles Schwab in a report on Tuesday, July 21st. Finally, Morgan Stanley raised their price target on shares of Charles Schwab from $133.00 to $136.00 and gave the company an "overweight" rating in a research report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $121.17.
Check Out Our Latest Analysis on Charles Schwab
About Charles Schwab
(
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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