North Star Asset Management Inc. Takes $44.16 Million Position in The Charles Schwab Corporation $SCHW

North Star Asset Management Inc. acquired a new position in shares of The Charles Schwab Corporation (NYSE:SCHW) during the 2nd quarter, Holdings Channel reports. The firm acquired 478,540 shares of the financial services provider’s stock, valued at approximately $44,155,000. Charles Schwab accounts for about 1.7% of North Star Asset Management Inc.’s investment portfolio, making the stock its 11th biggest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Bank of Nova Scotia bought a new stake in shares of Charles Schwab during the 2nd quarter worth about $3,780,000. Geode Capital Management LLC grew its stake in Charles Schwab by 0.3% in the 4th 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 buying an additional 98,242 shares during the last quarter. Swiss Life Asset Management Ltd grew its stake 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 during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in Charles Schwab in the 4th quarter valued at about $35,233,000. Finally, Norges Bank bought a new position in Charles Schwab in the 4th quarter valued at about $1,994,189,000. 84.38% of the stock is owned by institutional investors.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 176,210 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $113.49, for a total transaction of $19,998,072.90. Following the transaction, the chairman owned 610,360 shares in the company, valued at $69,269,756.40. This trade represents a 22.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan S. Beatty sold 1,000 shares of Charles Schwab stock in a transaction on Monday, August 17th. The shares were sold at an average price of $111.33, for a total value of $111,330.00. Following the completion of the transaction, the insider directly owned 10,738 shares of the company’s stock, valued at $1,195,461.54. This represents a 8.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 575,194 shares of company stock valued at $61,697,642 over the last ninety days. 6.30% of the stock is owned by corporate insiders.

Charles Schwab News Roundup

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.

Charles Schwab Stock Performance

NYSE SCHW opened at $108.09 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $186.93 billion, a P/E ratio of 19.65, a P/E/G ratio of 0.82 and a beta of 0.76. The Charles Schwab Corporation has a 12-month low of $83.96 and a 12-month high of $114.53. The firm has a 50-day moving average price of $103.05 and a two-hundred day moving average price of $96.29.

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

Charles Schwab Dividend Announcement

The business 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 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 is currently 23.27%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Argus boosted their price objective on Charles Schwab from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. UBS Group set a $135.00 target price on Charles Schwab in a research note on Monday, August 3rd. TD Cowen lifted their price target on Charles Schwab from $108.00 to $109.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Charles Schwab in a research note on Thursday, June 18th. Finally, Piper Sandler set a $118.00 price objective on Charles Schwab in a report on Tuesday, July 21st. Two equities 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $121.17.

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.