Chase Investment Counsel Corp Invests $4.47 Million in The Charles Schwab Corporation $SCHW

Chase Investment Counsel Corp bought a new position in shares of The Charles Schwab Corporation (NYSE:SCHW) during the first quarter, Holdings Channel.com reports. The fund bought 47,626 shares of the financial services provider’s stock, valued at approximately $4,475,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC raised its holdings in shares of Charles Schwab by 99.2% in the 4th 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 in the last quarter. Piscataqua Savings Bank acquired a new position in shares of Charles Schwab during the fourth quarter worth $26,000. Beacon Financial Strategies CORP acquired a new position in shares of Charles Schwab during the fourth quarter worth $29,000. Optima Capital LLC acquired a new stake in Charles Schwab in the fourth quarter valued at $30,000. Finally, Scarborough Advisors LLC acquired a new stake in Charles Schwab in the first quarter valued at $29,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Trading Down 2.3%

NYSE:SCHW opened at $100.19 on Wednesday. The company has a market capitalization of $174.25 billion, a PE ratio of 19.88, a P/E/G ratio of 0.85 and a beta of 0.77. The Charles Schwab Corporation has a 52-week low of $83.96 and a 52-week high of $107.50. The stock’s 50 day moving average price is $93.27 and its 200 day moving average price is $95.34. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.48.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.56 by $0.06. Charles Schwab had a net margin of 37.99% and a return on equity of 23.05%. The firm 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 revenue for the quarter was up 20.9% on a year-over-year basis. On average, research analysts anticipate that The Charles Schwab Corporation will post 6.27 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.3%. Charles Schwab’s payout ratio is currently 25.40%.

Charles Schwab News Roundup

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

• Positive Sentiment: SCHW beat Q2 expectations, posting $1.62 EPS versus $1.53 expected and $7.07 billion in revenue versus $6.90 billion expected, with revenue up 20.9% year over year. Article Title
• Positive Sentiment: The quarter benefited from robust trading activity, strong net interest revenue, and record revenue, reinforcing the view that Schwab is gaining from active retail markets. Article Title
• Positive Sentiment: The company raised its FY2026 outlook, guiding revenue to $28.1 billion to $28.3 billion, above the Street’s $27.3 billion estimate, which supports the case for continued growth. Article Title
• Neutral Sentiment: Some commentary said the stock’s recent rally and stronger-than-expected earnings may have left less upside near term, suggesting investors are reassessing valuation after the results. Article Title
• Negative Sentiment: Despite the earnings beat, several reports noted that rising expenses disappointed some investors, which may be limiting enthusiasm for the stock. Article Title
• Negative Sentiment: BMO downgraded Charles Schwab to Market Perform after the recent stock rally, signaling that some analysts see less immediate upside despite the strong quarter. Article Title

Insider Activity

In related news, Director Frank C. Herringer sold 2,520 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $90.60, for a total value of $228,312.00. Following the sale, the director directly owned 177,508 shares in the company, valued at $16,082,224.80. The trade was a 1.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan S. Beatty sold 2,000 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were 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 $1,373,937.38. This trade represents a 12.71% 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 6,520 shares of company stock worth $622,392 over the last 90 days. 6.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Raymond James Financial upped their price objective on Charles Schwab from $126.00 to $137.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Morgan Stanley boosted their target price on Charles Schwab from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. Barclays lowered their price target on Charles Schwab from $127.00 to $122.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $128.00 price target on shares of Charles Schwab in a research note on Friday, May 15th. Finally, Truist Financial cut their price objective on shares of Charles Schwab from $122.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Charles Schwab has an average rating of “Moderate Buy” and an average target price of $118.41.

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.