The Charles Schwab Corporation $SCHW Holdings Reduced by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC lessened its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 81.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,357 shares of the financial services provider’s stock after selling 554,200 shares during the period. Clarkston Capital Partners LLC’s holdings in Charles Schwab were worth $11,499,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC lifted its holdings in Charles Schwab by 99.2% in the fourth quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 123 shares during the period. Piscataqua Savings Bank acquired a new stake in Charles Schwab in the fourth quarter worth approximately $26,000. Beacon Financial Strategies CORP bought a new position in Charles Schwab during the fourth quarter valued at about $29,000. Scarborough Advisors LLC bought a new position in shares of Charles Schwab during the 1st quarter valued at about $29,000. Finally, Optima Capital LLC bought a new stake in Charles Schwab during the fourth quarter worth approximately $30,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Charles Schwab in a research report on Wednesday. Wolfe Research reiterated an “outperform” rating and issued a $127.00 target price on shares of Charles Schwab in a research note on Tuesday. Zacks Research upgraded Charles Schwab from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Morgan Stanley raised their target price on shares of Charles Schwab from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Finally, Truist Financial lowered their target price on Charles Schwab from $122.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. One research analyst has 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $119.76.

Charles Schwab Trading Up 0.8%

SCHW opened at $101.62 on Friday. The firm has a 50 day simple moving average of $93.71 and a 200 day simple moving average of $95.35. The Charles Schwab Corporation has a fifty-two week low of $83.96 and a fifty-two week high of $107.50. The company has a market cap of $176.73 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 0.83 and a beta of 0.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.62 and a quick ratio of 0.62.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. The firm had revenue of $7.07 billion for the quarter, compared to analysts’ expectations of $6.90 billion. Charles Schwab had a net margin of 38.79% and a return on equity of 24.73%. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period last year, the firm earned $1.14 earnings per share. On average, sell-side analysts anticipate that The Charles Schwab Corporation will post 6.34 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, August 14th. Charles Schwab’s dividend payout ratio (DPR) is currently 25.40%.

Insider Activity at Charles Schwab

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

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

About Charles Schwab

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.