Pine Ridge Advisers LLC Acquires New Position in The Charles Schwab Corporation $SCHW

Pine Ridge Advisers LLC bought a new position in The Charles Schwab Corporation (NYSE:SCHW) in the second quarter, Holdings Channel reports. The institutional investor bought 34,000 shares of the financial services provider’s stock, valued at approximately $7,711,000. Charles Schwab makes up about 0.5% of Pine Ridge Advisers LLC’s holdings, making the stock its 23rd biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ABS Investment Management LLC purchased a new position in shares of Charles Schwab during the second quarter worth approximately $181,432,000. Dogwood Wealth Management LLC boosted its stake 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. Compass Financial Management LLC bought a new position in shares of Charles Schwab during the 2nd quarter valued at $27,000. Scarborough Advisors LLC bought a new position in shares of Charles Schwab during the 1st quarter valued at $29,000. Finally, McIlrath & Eck LLC raised its position in Charles Schwab by 143.2% in the 4th quarter. McIlrath & Eck LLC now owns 321 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 189 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

SCHW has been the subject of several recent research reports. UBS Group set a $135.00 price target on shares of Charles Schwab in a research note on Monday, August 3rd. Zacks Research upgraded Charles Schwab from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a research note on Wednesday, July 22nd. Raymond James Financial restated an “outperform” rating and set a $145.00 target price on shares of Charles Schwab in a report on Wednesday, July 22nd. Finally, Wolfe Research restated an “outperform” rating and set a $127.00 price target on shares of Charles Schwab in a research report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $121.17.

Charles Schwab Price Performance

SCHW opened at $109.55 on Thursday. 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 Charles Schwab Corporation has a 52-week low of $83.96 and a 52-week high of $114.53. The stock has a market capitalization of $189.45 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 0.84 and a beta of 0.76. The stock’s 50 day moving average price is $102.72 and its 200-day moving average price is $96.27.

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

Charles Schwab Dividend Announcement

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

Key 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

Insider Transactions at Charles Schwab

In other news, insider Dennis Howard sold 2,198 shares of Charles Schwab stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $110.00, for a total transaction of $241,780.00. Following the sale, the insider owned 6,980 shares of the company’s stock, valued at approximately $767,800. The trade was a 23.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nigel J. Murtagh sold 24,778 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $109.01, for a total transaction of $2,701,049.78. Following the transaction, the insider owned 57,972 shares in the company, valued at $6,319,527.72. This represents a 29.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 575,194 shares of company stock worth $61,697,642. 6.30% of the stock is owned by corporate insiders.

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.