Oak Associates Ltd. OH Decreases Stock Position in The Charles Schwab Corporation $SCHW

Oak Associates Ltd. OH trimmed its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 4.5% in the 1st quarter, HoldingsChannel reports. The firm owned 427,975 shares of the financial services provider’s stock after selling 19,950 shares during the period. Charles Schwab makes up 2.7% of Oak Associates Ltd. OH’s investment portfolio, making the stock its 11th biggest position. Oak Associates Ltd. OH’s holdings in Charles Schwab were worth $40,221,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Dogwood Wealth Management LLC increased its stake in shares of Charles Schwab by 99.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock worth $25,000 after buying an additional 123 shares during the period. Piscataqua Savings Bank purchased a new position in Charles Schwab in the fourth quarter worth approximately $26,000. Beacon Financial Strategies CORP purchased a new position in Charles Schwab in the fourth quarter worth approximately $29,000. Optima Capital LLC acquired a new position in Charles Schwab during the 4th quarter worth approximately $30,000. Finally, Scarborough Advisors LLC acquired a new position in Charles Schwab during the 1st quarter worth approximately $29,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Key Headlines Impacting Charles Schwab

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

• Positive Sentiment: Schwab beat Q2 estimates, with record daily average revenue trades, a 20%+ revenue increase, and management raising full-year guidance, signaling strong operating momentum. Schwab Beats 2Q Estimates as Retail Traders Pile Into Market
• Positive Sentiment: Analysts turned more bullish, with Argus lifting its price target to $114 and Barclays raising its target to $125, both with positive ratings. Analyst price target increases
• Positive Sentiment: Schwab was added to Zacks’ Rank #1 “Strong Buy” income stocks list, which can support investor sentiment around the name. Best Income Stocks to Buy for July 23rd
• Neutral Sentiment: Schwab declared its regular quarterly common stock dividend and preferred dividends, reinforcing its shareholder-return profile but not changing the core growth story. Schwab Declares Quarterly Common Stock Dividend and Declares Preferred Stock Dividends
• Negative Sentiment: Some coverage noted that SCHW shares fell despite the earnings surge, suggesting traders may be taking profits after the run-up or focusing on valuation near recent highs. Interactive Brokers, Charles Schwab Slide Despite Earnings Surge

Analyst Upgrades and Downgrades

A number of brokerages have commented on SCHW. Morgan Stanley increased their price objective on shares of Charles Schwab from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Zacks Research raised shares of Charles Schwab from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Truist Financial lowered their target price on shares of Charles Schwab from $122.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Barclays increased their target price on Charles Schwab from $122.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on Charles Schwab from $128.00 to $131.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $119.76.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $101.62 on Friday. The firm has a market capitalization of $176.73 billion, a P/E ratio of 18.48, a P/E/G ratio of 0.83 and a beta of 0.77. The Charles Schwab Corporation has a 52 week low of $83.96 and a 52 week high of $107.50. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.48. The firm’s 50 day moving average is $93.71 and its two-hundred day moving average is $95.35.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.06. The business had revenue of $7.07 billion during the quarter, compared to the consensus estimate of $6.90 billion. Charles Schwab had a net margin of 38.79% and a return on equity of 24.73%. The company’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 EPS. Research analysts forecast that The Charles Schwab Corporation will post 6.34 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business 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 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, August 14th. Charles Schwab’s dividend payout ratio (DPR) is currently 25.40%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Director Frank C. Herringer sold 2,520 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $90.60, for a total transaction of $228,312.00. Following the transaction, the director owned 177,508 shares of the company’s stock, valued at approximately $16,082,224.80. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan S. Beatty sold 2,000 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $100.01, for a total value of $200,020.00. Following the transaction, the insider directly owned 13,738 shares in the company, valued at approximately $1,373,937.38. The trade was a 12.71% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,520 shares of company stock worth $622,392 over the last quarter. 6.30% of the stock is owned by company insiders.

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.