Healthcare of Ontario Pension Plan Trust Fund Increases Stock Holdings in The Charles Schwab Corporation $SCHW

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in The Charles Schwab Corporation (NYSE:SCHW) by 63.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,786,512 shares of the financial services provider’s stock after acquiring an additional 1,081,382 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Charles Schwab were worth $261,876,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SCHW. Gabelli Funds LLC raised its position in Charles Schwab by 184.6% during the first quarter. Gabelli Funds LLC now owns 133,437 shares of the financial services provider’s stock worth $12,540,000 after acquiring an additional 86,557 shares during the period. Gamco Investors INC. ET AL grew its position in shares of Charles Schwab by 10.6% in the first quarter. Gamco Investors INC. ET AL now owns 30,719 shares of the financial services provider’s stock valued at $2,887,000 after purchasing an additional 2,956 shares during the period. Morningstar Investment Management LLC grew its position in shares of Charles Schwab by 4.2% in the first quarter. Morningstar Investment Management LLC now owns 102,422 shares of the financial services provider’s stock valued at $9,626,000 after purchasing an additional 4,144 shares during the period. Klingman & Associates LLC increased its stake in shares of Charles Schwab by 1.5% during the first quarter. Klingman & Associates LLC now owns 8,417 shares of the financial services provider’s stock worth $791,000 after purchasing an additional 125 shares in the last quarter. Finally, Keebeck Wealth Management increased its stake in shares of Charles Schwab by 15.3% during the first quarter. Keebeck Wealth Management now owns 10,487 shares of the financial services provider’s stock worth $986,000 after purchasing an additional 1,388 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

More Charles Schwab News

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

• Positive Sentiment: Schwab announced a quarterly common stock dividend of $0.32 per share, along with preferred stock dividends, reinforcing its capital-return story for income-focused investors. Schwab Declares Quarterly Common Stock Dividend and Declares Preferred Stock Dividends
• Positive Sentiment: Argus raised its price target on SCHW to $114 from $108 and kept a buy rating, signaling confidence in further upside. Argus raises Charles Schwab price target
• Positive Sentiment: Schwab was added to Zacks’ “Best Income Stocks to Buy” list, suggesting investors continue to view the company as an attractive income and quality financial-services name. Best Income Stocks to Buy for July 23rd
• Positive Sentiment: Recent coverage highlighted Schwab’s “dual beats” in its latest quarter, with earnings and revenue both coming in above expectations, adding to the bullish case after the July 21 report. Charles Schwab: Dual Beats And Attractive Preferreds
• Neutral Sentiment: Schwab also received media attention for its call for the CLARITY Act to pass, framing crypto regulation as a potential long-term industry catalyst, though the timing remains uncertain. Charles Schwab Calls CLARITY Act a Fundamental Catalyst

Charles Schwab Stock Performance

SCHW opened at $101.92 on Friday. The Charles Schwab Corporation has a twelve month low of $83.96 and a twelve month high of $107.50. The firm has a market capitalization of $177.25 billion, a PE ratio of 18.53, a PEG ratio of 0.82 and a beta of 0.77. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average price is $93.93 and its 200 day moving average price is $95.39.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.62 EPS 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 during the quarter, compared to the consensus estimate of $6.90 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. Charles Schwab’s quarterly revenue was up 20.9% on a year-over-year basis. As a group, sell-side analysts expect that The Charles Schwab Corporation will post 6.43 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $0.32 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.3%. Charles Schwab’s dividend payout ratio is 23.27%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SCHW shares. Truist Financial decreased their price target on shares of Charles Schwab from $122.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Barclays boosted their price objective on Charles Schwab from $122.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Charles Schwab in a report on Thursday, June 18th. UBS Group raised their target price on Charles Schwab from $122.00 to $128.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Zacks Research raised Charles Schwab from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $119.76.

Insider Buying and Selling

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,000 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $100.01, for a total transaction of $200,020.00. Following the transaction, the insider owned 13,738 shares of the company’s stock, valued at approximately $1,373,937.38. The trade was a 12.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank C. Herringer sold 2,520 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $90.60, for a total value of $228,312.00. Following the completion of the sale, the director owned 177,508 shares of the company’s stock, valued at approximately $16,082,224.80. The trade was a 1.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 6,520 shares of company stock valued at $622,392 over the last 90 days. Company insiders own 6.30% of the company’s stock.

About Charles Schwab

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.