Park West Asset Management LLC Purchases Shares of 41,200 The Charles Schwab Corporation $SCHW

Park West Asset Management LLC bought a new position in The Charles Schwab Corporation (NYSE:SCHW) in the second quarter, Holdings Channel reports. The firm bought 41,200 shares of the financial services provider’s stock, valued at approximately $9,344,000.

A number of other hedge funds have also modified their holdings of the company. Dogwood Wealth Management LLC lifted its position in Charles Schwab by 99.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 123 shares during the period. Compass Financial Management LLC acquired a new stake in shares of Charles Schwab in the second quarter valued at about $27,000. Scarborough Advisors LLC purchased a new stake in Charles Schwab during the 1st quarter worth approximately $29,000. McIlrath & Eck LLC raised its stake in Charles Schwab by 143.2% in the 4th quarter. McIlrath & Eck LLC now owns 321 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 189 shares during the last quarter. Finally, Main Street Group LTD acquired a new stake in shares of Charles Schwab in the first quarter valued at about $33,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Dennis Howard sold 2,198 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $110.00, for a total value of $241,780.00. Following the completion of the sale, the insider owned 6,980 shares in the company, valued at $767,800. This trade represents a 23.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 that occurred 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 completion of the sale, the chairman owned 610,360 shares in the company, valued at approximately $69,269,756.40. This represents a 22.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 575,194 shares of company stock worth $61,697,642 in the last three months. Company insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SCHW shares. Barclays lifted their price objective on Charles Schwab from $122.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. UBS Group set a $135.00 price target on Charles Schwab in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Charles Schwab in a research note on Wednesday, July 22nd. TD Cowen boosted their target price on Charles Schwab from $108.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, Zacks Research raised shares of Charles Schwab from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.17.

Charles Schwab Stock Down 2.4%

Shares of NYSE:SCHW opened at $109.55 on Thursday. The stock has a market cap of $189.45 billion, a P/E ratio of 19.92, a P/E/G ratio of 0.84 and a beta of 0.76. The Charles Schwab Corporation has a 1-year low of $83.96 and a 1-year high of $114.53. The firm has a fifty day moving average price of $102.72 and a 200 day moving average price of $96.27. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.64 and a quick ratio of 0.64.

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

Charles Schwab Announces Dividend

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 issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Charles Schwab’s dividend payout ratio is currently 23.27%.

Charles Schwab News Summary

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

• Positive Sentiment: OneVest launched on Schwab’s digital account-opening API, including a flexible “headless” option for wealth-management firms. The integration could expand Schwab’s advisor-services technology ecosystem and make its platform more attractive to fintech partners. OneVest Goes Live on Schwab’s Digital Account Opening API
• Positive Sentiment: Recent brokerage-stock comparisons highlight Schwab’s scale, diversified revenue base and improving earnings profile. Its valuation is viewed as more reasonable than Interactive Brokers’ despite IBKR’s faster growth, reinforcing the potential appeal of SCHW to value-oriented investors. Schwab vs. Interactive Brokers: Which Brokerage Stock is a Better Buy?
• Neutral Sentiment: Commentary expects market volatility to rise later this year while the VIX remains historically subdued. Higher volatility could increase trading activity and options interest, but the articles primarily frame options as a trading strategy rather than a direct earnings catalyst for Schwab. Markets May Soon Turn Rocky. Time to Trade Schwab Stock.
• Negative Sentiment: Vanguard’s planned $4 billion acquisition of Altruist increases competitive pressure in digital wealth management, a market where Vanguard, Fidelity and Schwab are already competing for advisors and assets. Vanguard Takes On Fidelity, Charles Schwab With $4 Billion Altruist Deal
• Negative Sentiment: Investors appear to be taking profits after Schwab’s strong earnings, rally and recent one-year high. Because earnings and bank-sweep balances are sensitive to interest rates, changing rate expectations and bond-market moves are adding pressure. Heavy insider selling reported over the past six months may also weigh on sentiment, although CEO Richard Wurster was a buyer. Charles Schwab Shares Slip as Investors Weigh Rate Sensitivity and Recent Profit-Taking

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.