Goodman Financial Corp Sells 30,085 Shares of The Charles Schwab Corporation $SCHW

Goodman Financial Corp reduced its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 15.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,066 shares of the financial services provider’s stock after selling 30,085 shares during the period. Charles Schwab makes up about 2.7% of Goodman Financial Corp’s portfolio, making the stock its 14th biggest holding. Goodman Financial Corp’s holdings in Charles Schwab were worth $15,795,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SCHW. Bessemer Group Inc. grew its holdings in Charles Schwab by 1.2% in the 1st quarter. Bessemer Group Inc. now owns 273,453 shares of the financial services provider’s stock valued at $25,698,000 after buying an additional 3,262 shares in the last quarter. Gerald Baker Financial Group LLC acquired a new stake in shares of Charles Schwab during the first quarter worth $394,000. SteelPeak Wealth LLC lifted its holdings in shares of Charles Schwab by 10.6% during the first quarter. SteelPeak Wealth LLC now owns 2,924 shares of the financial services provider’s stock worth $275,000 after buying an additional 281 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Charles Schwab by 0.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 746,230 shares of the financial services provider’s stock valued at $68,922,000 after acquiring an additional 3,227 shares during the period. Finally, Independent Financial Group LLC bought a new stake in shares of Charles Schwab in the first quarter valued at about $634,000. 84.38% of the stock is currently owned by institutional investors.

Key Charles Schwab News

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

• Positive Sentiment: Analysts have become more upbeat on Schwab’s upcoming Q2 results, with the most accurate earnings estimate now above the consensus ahead of the July 21 report, suggesting a better-than-expected quarter may be possible.
• Positive Sentiment: Coverage around the earnings preview points to stronger trading revenue, higher net interest revenue, and rising asset management fees, all of which could support earnings growth if client activity remains firm.
• Positive Sentiment: A separate valuation-focused article said SCHW still looks reasonably cheap versus its estimated intrinsic value, with some models implying upside if earnings continue to improve.
• Neutral Sentiment: Schwab’s annual RIA survey highlighted that client firms still face organic growth and hiring challenges, which is useful context for the wealth-management backdrop but not a direct near-term catalyst for the stock.
• Neutral Sentiment: One article revisited the company’s Q2 performance expectations and key metrics, keeping focus on the upcoming earnings release rather than introducing a new business development.
• Neutral Sentiment: A Bloomberg piece about the drop in microcap IPOs after regulatory crackdowns reflects a broader market and regulatory trend, but it does not appear to materially affect Schwab’s fundamentals directly.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Raymond James Financial raised their price target on shares of Charles Schwab from $126.00 to $137.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. UBS Group boosted their price objective on shares of Charles Schwab from $119.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. TD Cowen increased their target price on shares of Charles Schwab from $108.00 to $109.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Morgan Stanley raised their target price on shares of Charles Schwab from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Charles Schwab in a research report on Wednesday, April 8th. They issued an “outperform” rating and a $110.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Charles Schwab currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.68.

Insider Activity at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $100.01, for a total value of $200,020.00. Following the completion of the transaction, the insider directly owned 13,738 shares in the company, valued at approximately $1,373,937.38. The trade was a 12.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 that occurred on Tuesday, April 28th. The stock was sold at an average price of $90.60, for a total transaction of $228,312.00. Following the sale, the director directly owned 177,508 shares of the company’s stock, valued at approximately $16,082,224.80. This trade represents a 1.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,520 shares of company stock valued at $622,392 over the last 90 days. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Stock Down 0.0%

Shares of NYSE SCHW opened at $102.75 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.62 and a current ratio of 0.62. The Charles Schwab Corporation has a 52 week low of $83.96 and a 52 week high of $107.50. The stock has a market capitalization of $178.70 billion, a P/E ratio of 20.39, a PEG ratio of 0.86 and a beta of 0.77. The stock’s fifty day moving average is $92.51 and its 200 day moving average is $95.32.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.04. Charles Schwab had a net margin of 37.99% and a return on equity of 23.05%. The business had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $6.39 billion. During the same quarter in the prior year, the business posted $1.04 earnings per share. Charles Schwab’s revenue was up 15.8% compared to the same quarter last year. Sell-side analysts forecast that The Charles Schwab Corporation will post 6.24 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, May 8th. Charles Schwab’s dividend payout ratio (DPR) is currently 25.40%.

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.