Lederer & Associates Investment Counsel CA Purchases Shares of 17,601 The Charles Schwab Corporation $SCHW

Lederer & Associates Investment Counsel CA purchased a new position in shares of The Charles Schwab Corporation (NYSE:SCHW) in the second quarter, according to its most recent filing with the SEC. The firm purchased 17,601 shares of the financial services provider’s stock, valued at approximately $1,624,000.

Several other hedge funds have also recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in Charles Schwab by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 37,667,640 shares of the financial services provider’s stock valued at $3,747,646,000 after purchasing an additional 98,242 shares in the last quarter. Juno Financial Group LLC acquired a new stake in shares of Charles Schwab in the 4th quarter valued at about $2,591,000. Swiss Life Asset Management Ltd increased its position in Charles Schwab by 4.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 407,179 shares of the financial services provider’s stock valued at $40,681,000 after buying an additional 16,482 shares in the last quarter. Busey Bank raised its stake in Charles Schwab by 15.5% during the 4th quarter. Busey Bank now owns 258,962 shares of the financial services provider’s stock worth $25,873,000 after buying an additional 34,745 shares during the period. Finally, Directional Asset Management bought a new position in Charles Schwab in the fourth quarter worth approximately $1,409,000. 84.38% of the stock is owned by institutional investors.

Insider Activity

In other news, Chairman Walter W. Bettinger sold 192,488 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $103.90, for a total value of $19,999,503.20. Following the transaction, the chairman owned 529,346 shares in the company, valued at $54,999,049.40. The trade was a 26.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paula A. Sneed sold 5,263 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 395,786 shares of company stock worth $41,346,459. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab News Roundup

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

• Positive Sentiment: Schwab’s Trading Activity Index rose modestly in July, while company data showed retail investors were net buyers during market volatility, including purchases of discounted artificial-intelligence stocks. Continued trading and client engagement could support transaction-related revenue and reinforce Schwab’s growth outlook. Schwab Trading Activity Index up modestly in July Schwab retail investor activity
• Neutral Sentiment: Director Paula Sneed sold 5,263 shares, while insider Nigel Murtagh sold a combined 26,675 shares for approximately $2.91 million. Murtagh’s transactions were conducted under a pre-arranged Rule 10b5-1 plan, making the sales less conclusive as a signal of management sentiment, although the activity may encourage some caution. SEC insider trading filing
• Negative Sentiment: Linqto said it is continuing litigation against Forge Global and Schwab and seeking damages and legal-fee reimbursement related to more than 13,000 customers. The claims could create legal, reputational, and financial uncertainty, though liability has not been established. Linqto litigation announcement
• Negative Sentiment: A report highlighted Schwab’s disclosed risks involving client cryptocurrency assets and possible delays in returning assets. The report describes a potential risk rather than evidence of imminent insolvency, but it may weigh on sentiment surrounding custody and operational controls. Schwab crypto-asset risk report

Charles Schwab Price Performance

SCHW opened at $107.65 on Wednesday. The Charles Schwab Corporation has a 1 year low of $83.96 and a 1 year high of $109.32. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market capitalization of $187.21 billion, a price-to-earnings ratio of 19.57, a P/E/G ratio of 0.82 and a beta of 0.76. The firm’s fifty day moving average price is $98.07 and its two-hundred day moving average price is $95.69.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. Charles Schwab had a net margin of 38.79% and a return on equity of 24.73%. The company had revenue of $7.07 billion for the quarter, compared to analyst estimates of $6.90 billion. During the same period last year, the firm earned $1.14 earnings per share. The firm’s revenue was up 20.9% on a year-over-year basis. As a group, analysts anticipate that The Charles Schwab Corporation will post 6.46 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.32 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.28 annualized dividend and a yield of 1.2%. Charles Schwab’s dividend payout ratio (DPR) is 23.27%.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of research reports. Morgan Stanley upped their target price on Charles Schwab from $133.00 to $136.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Raymond James Financial restated an “outperform” rating and set a $145.00 price target on shares of Charles Schwab in a research note on Wednesday, July 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Charles Schwab in a report on Thursday, June 18th. UBS Group set a $135.00 price objective on shares of Charles Schwab in a research note on Monday, August 3rd. Finally, Argus lifted their price objective on shares of Charles Schwab from $108.00 to $114.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Two investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $121.17.

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.