11,150 Shares in The Charles Schwab Corporation $SCHW Bought by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL bought a new position in shares of The Charles Schwab Corporation (NYSE:SCHW) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 11,150 shares of the financial services provider’s stock, valued at approximately $1,029,000.

Several other large investors also recently modified their holdings of SCHW. Pointe Capital Management LLC bought a new position in shares of Charles Schwab during the 2nd quarter valued at about $504,000. First Bancorp Inc ME bought a new stake in Charles Schwab during the 2nd quarter worth approximately $104,000. Jupiter Topco LLC bought a new stake in Charles Schwab during the 2nd quarter worth approximately $5,001,000. ABS Investment Management LLC acquired a new stake in Charles Schwab during the 2nd quarter worth approximately $181,432,000. Finally, Hsbc Holdings PLC acquired a new stake in Charles Schwab during the 2nd quarter worth approximately $15,358,000. 84.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 6,952 shares of the business’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $102.03, for a total transaction of $709,312.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Walter W. Bettinger sold 192,488 shares of the stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $103.90, for a total transaction of $19,999,503.20. Following the transaction, the chairman owned 529,346 shares of the company’s stock, valued at approximately $54,999,049.40. This represents a 26.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 575,194 shares of company stock valued at $61,697,642 in the last three months. 6.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SCHW. BMO Capital Markets cut shares of Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 price target for the company. in a report on Monday, July 20th. Zacks Research upgraded shares of Charles Schwab from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Piper Sandler set a $118.00 price objective on shares of Charles Schwab in a research report on Tuesday, July 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Charles Schwab in a research note on Thursday, June 18th. Finally, Compass Point initiated coverage on Charles Schwab in a report on Monday, August 3rd. They set a “buy” rating and a $135.00 target price for the company. Two investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $121.17.

Charles Schwab Trading Down 2.4%

NYSE SCHW opened at $109.55 on Thursday. The Charles Schwab Corporation has a 52 week low of $83.96 and a 52 week high of $114.53. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.64 and a current ratio of 0.64. The stock’s 50 day moving average price is $102.72 and its two-hundred day moving average price is $96.27. The stock has a market capitalization of $189.45 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 0.84 and a beta of 0.76.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share 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 during the quarter, compared to analysts’ expectations of $6.90 billion. During the same period last year, the business earned $1.14 EPS. The business’s quarterly revenue was up 20.9% on a year-over-year basis. As a group, analysts anticipate that The Charles Schwab Corporation will post 6.46 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently announced 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. The ex-dividend date is Friday, August 14th. This represents a $1.28 annualized dividend and a yield of 1.2%. Charles Schwab’s dividend payout ratio is presently 23.27%.

More Charles Schwab News

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 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.