Howard Financial Services LTD. Has $2.06 Million Stake in The Charles Schwab Corporation $SCHW

Howard Financial Services LTD. raised its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 27.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,309 shares of the financial services provider’s stock after buying an additional 4,822 shares during the period. Howard Financial Services LTD.’s holdings in Charles Schwab were worth $2,058,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Charles Schwab during the 4th quarter worth about $1,994,189,000. Bank of New York Mellon Corp raised its stake in shares of Charles Schwab by 22.9% in the 1st 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. Primecap Management Co. CA raised its stake in shares of Charles Schwab by 9.7% in the 4th 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. Focus Partners Wealth lifted its holdings in Charles Schwab by 716.5% in the 4th quarter. Focus Partners Wealth now owns 2,101,463 shares of the financial services provider’s stock worth $209,948,000 after purchasing an additional 1,844,095 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in Charles Schwab in the 1st quarter worth approximately $129,140,000. 84.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 192,488 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $103.90, for a total transaction of $19,999,503.20. Following the completion of the transaction, the chairman directly owned 529,346 shares in the company, valued at $54,999,049.40. This represents a 26.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Dennis Howard sold 28,000 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $105.01, for a total transaction of $2,940,280.00. Following the completion of the sale, the insider directly owned 10,470 shares of the company’s stock, valued at approximately $1,099,454.70. This trade represents a 72.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 363,848 shares of company stock valued at $37,874,706 in the last three months. 6.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. 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. UBS Group set a $135.00 price objective on shares of Charles Schwab in a research note on Monday. Citigroup reaffirmed a “market outperform” rating on shares of Charles Schwab in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Charles Schwab in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Charles Schwab from $128.00 to $131.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. Two research analysts have 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $121.17.

Key Stories Impacting Charles Schwab

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

• Positive Sentiment: Schwab’s latest quarterly results provided the primary catalyst: earnings per share of $1.62 exceeded the $1.56 consensus estimate, while revenue of $7.07 billion topped expectations of $6.90 billion. Revenue also grew sharply from the prior year, supporting optimism about continued operating momentum. Why Charles Schwab Stock Jumped in July
• Positive Sentiment: Compass Point upgraded Charles Schwab to “strong buy,” adding to bullish analyst sentiment. The firm also recently initiated coverage with a “buy” recommendation, potentially strengthening demand for the shares. Compass initiates coverage of Charles Schwab with Buy recommendation
• Positive Sentiment: Schwab’s third-quarter retail client sentiment report showed investors becoming notably more bullish on U.S. stocks. Stronger confidence could support trading activity and asset flows, although clients still expressed concern that the market may be overvalued. Schwab Q3 Retail Client Sentiment Report
• Positive Sentiment: Orion’s launch of fractional-share trading for advisors using Schwab Advisor Services should make portfolio implementation more efficient, reduce idle cash and improve the platform’s appeal to financial advisors. Orion Introduces Fractional Share Trading for Advisors Who Custody with Schwab Advisor Services
• Neutral Sentiment: Brokerages maintain a “moderate buy” average recommendation, but analysts remain only moderately optimistic after Schwab underperformed the broader market over the past year. Charles Schwab Receives Average Recommendation of Moderate Buy
• Neutral Sentiment: Schwab’s planned $11.7 million Scottsdale office renovation reflects ongoing investment in its operations but is unlikely to materially affect near-term earnings. Charles Schwab To Invest $11.7M In Scottsdale Office Renovations

Charles Schwab Stock Performance

SCHW opened at $106.35 on Wednesday. The firm has a market capitalization of $184.96 billion, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 0.81 and a beta of 0.76. The stock’s 50 day moving average price is $95.98 and its two-hundred day moving average price is $95.51. 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 Charles Schwab Corporation has a 12-month low of $83.96 and a 12-month high of $107.50.

Charles Schwab (NYSE:SCHW) last issued its quarterly 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 return on equity of 24.73% and a net margin of 38.79%.The company had revenue of $7.07 billion during the quarter, compared to analyst estimates of $6.90 billion. During the same period in the previous year, the company earned $1.14 earnings per share. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. On average, equities analysts forecast that The Charles Schwab Corporation will post 6.46 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors 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 payout ratio is 23.27%.

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.