118,279 Shares in The Charles Schwab Corporation $SCHW Purchased by Glenview Trust Co

Glenview Trust Co purchased a new stake in shares of The Charles Schwab Corporation (NYSE:SCHW) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 118,279 shares of the financial services provider’s stock, valued at approximately $10,914,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Souders Financial Advisors boosted its position in shares of Charles Schwab by 2.3% during the fourth quarter. Souders Financial Advisors now owns 4,341 shares of the financial services provider’s stock valued at $434,000 after buying an additional 98 shares during the period. Essex Financial Services Inc. raised its holdings in shares of Charles Schwab by 0.8% in the fourth quarter. Essex Financial Services Inc. now owns 12,833 shares of the financial services provider’s stock worth $1,282,000 after buying an additional 105 shares during the period. Sheets Smith Wealth Management raised its holdings in shares of Charles Schwab by 0.7% in the first quarter. Sheets Smith Wealth Management now owns 14,521 shares of the financial services provider’s stock worth $1,365,000 after buying an additional 108 shares during the period. Acorn Financial Advisory Services Inc. ADV lifted its stake in shares of Charles Schwab by 4.5% during the 4th quarter. Acorn Financial Advisory Services Inc. ADV now owns 2,536 shares of the financial services provider’s stock worth $253,000 after acquiring an additional 110 shares during the last quarter. Finally, Interchange Capital Partners LLC lifted its stake in shares of Charles Schwab by 2.8% during the 4th quarter. Interchange Capital Partners LLC now owns 4,104 shares of the financial services provider’s stock worth $410,000 after acquiring an additional 112 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Charles Schwab

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

• Positive Sentiment: Schwab plans to expand Schwab Crypto beyond Bitcoin and Ethereum by adding Solana, Avalanche and Chainlink in the coming months. The broader digital-asset lineup could attract new clients, increase engagement and create additional trading-related revenue opportunities. Charles Schwab to add Solana, Avalanche and Chainlink to crypto platform
• Positive Sentiment: OneVest has gone live on Schwab’s Digital Account Opening API, including a headless integration option. The partnership broadens Schwab’s fintech connectivity and could strengthen its custody and advisor-technology platform. OneVest Goes Live on Schwab’s Digital Account Opening API
• Neutral Sentiment: Schwab is publishing guidance on retirement withdrawals and other savings “money traps.” The content may support customer trust and financial education, but it is unlikely to materially affect near-term earnings. Schwab says one common 401(k) withdrawal habit raises taxes
• Negative Sentiment: Vanguard’s $4 billion Altruist acquisition could intensify competition for independent advisors and custody assets, potentially increasing Schwab’s technology spending and pricing pressure. Vanguard Takes On Fidelity, Charles Schwab With $4 Billion Altruist Deal
• Negative Sentiment: Chairman Walter Bettinger sold 176,210 SCHW shares for approximately $20 million, reducing his ownership by 22.4%. The sizable disclosed sale may reinforce investor caution, particularly after the stock’s strong rally and recent high. SEC insider transaction filing
• Negative Sentiment: Schwab remains sensitive to interest-rate expectations and bank-sweep balances. Recent macro uncertainty and profit-taking after strong earnings appear to be outweighing the potential near-term benefit from its crypto expansion.

Analysts Set New Price Targets

SCHW has been the topic of several research analyst reports. Piper Sandler set a $118.00 price objective on Charles Schwab in a research report on Tuesday, July 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Charles Schwab in a research report on Thursday, June 18th. UBS Group set a $135.00 target price on shares of Charles Schwab in a research note on Monday, August 3rd. Compass Point started coverage on shares of Charles Schwab in a report on Monday, August 3rd. They issued a “buy” rating and a $135.00 price target on the stock. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $145.00 price target on shares of Charles Schwab in a research note on Wednesday, July 22nd. Two research 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.

Charles Schwab Price Performance

SCHW opened at $108.09 on Friday. The company has a market capitalization of $186.93 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 0.82 and a beta of 0.76. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52. The Charles Schwab Corporation has a 12-month low of $83.96 and a 12-month high of $114.53. The business’s fifty day simple moving average is $103.05 and its 200-day simple moving average is $96.29.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.06. Charles Schwab had a return on equity of 24.53% and a net margin of 38.79%.The firm had revenue of $7.07 billion during the quarter, compared to the consensus estimate of $6.90 billion. During the same period in the previous year, the company posted $1.14 earnings per share. The firm’s quarterly revenue was up 20.9% on a year-over-year basis. On average, equities research analysts anticipate that The Charles Schwab Corporation will post 6.46 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Nigel J. Murtagh sold 24,778 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $109.01, for a total value of $2,701,049.78. Following the completion of the sale, the insider owned 57,972 shares in the company, valued at approximately $6,319,527.72. The trade was a 29.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Walter W. Bettinger sold 176,210 shares of the company’s stock in a transaction 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 sale, the chairman owned 610,360 shares of the company’s stock, valued at approximately $69,269,756.40. This represents a 22.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 575,194 shares of company stock worth $61,697,642. 6.30% of the stock is owned by corporate insiders.

Charles Schwab 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.