Sanders Morris Harris LLC Raises Position in The Charles Schwab Corporation $SCHW

Sanders Morris Harris LLC lifted its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 115.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,250 shares of the financial services provider’s stock after buying an additional 5,500 shares during the quarter. Charles Schwab accounts for approximately 0.5% of Sanders Morris Harris LLC’s holdings, making the stock its 28th largest holding. Sanders Morris Harris LLC’s holdings in Charles Schwab were worth $946,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brookwood Investment Group LLC grew its stake in Charles Schwab by 192.6% during the 4th quarter. Brookwood Investment Group LLC now owns 12,236 shares of the financial services provider’s stock worth $1,222,000 after buying an additional 8,054 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Charles Schwab by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 37,667,640 shares of the financial services provider’s stock valued at $3,747,646,000 after acquiring an additional 98,242 shares during the period. Juno Financial Group LLC acquired a new stake in shares of Charles Schwab in the 4th quarter worth about $2,591,000. Swiss Life Asset Management Ltd lifted its position in Charles Schwab by 4.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 407,179 shares of the financial services provider’s stock valued at $40,681,000 after purchasing an additional 16,482 shares during the last quarter. Finally, Busey Bank boosted its stake in Charles Schwab by 15.5% during the 4th quarter. Busey Bank now owns 258,962 shares of the financial services provider’s stock valued at $25,873,000 after purchasing an additional 34,745 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SCHW shares. Wolfe Research reissued an “outperform” rating and issued a $127.00 price target on shares of Charles Schwab in a research note on Tuesday, July 21st. Zacks Research upgraded shares of Charles Schwab from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Charles Schwab in a research report on Wednesday, July 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Charles Schwab in a research report on Thursday, June 18th. Finally, Morgan Stanley upped their price objective on Charles Schwab from $133.00 to $136.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.17.

Charles Schwab Stock Up 1.6%

SCHW opened at $108.05 on Thursday. The company has a market capitalization of $187.92 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 0.81 and a beta of 0.76. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.62 and a quick ratio of 0.62. The Charles Schwab Corporation has a fifty-two week low of $83.96 and a fifty-two week high of $108.55. The business has a 50-day moving average of $96.43 and a 200-day moving average of $95.55.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.06. The business had revenue of $7.07 billion during the quarter, compared to analysts’ expectations of $6.90 billion. Charles Schwab had a net margin of 38.79% and a return on equity of 24.73%. Charles Schwab’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.14 earnings per share. Equities research analysts forecast that The Charles Schwab Corporation will post 6.46 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.2%. Charles Schwab’s payout ratio is 23.27%.

Charles Schwab News Roundup

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

• Positive Sentiment: Analyst upgrade supports the shares. Compass Point initiated coverage with a “Buy” recommendation and later upgraded Schwab to “Strong Buy,” adding to the bullish research backdrop. Compass initiates coverage of Charles Schwab with Buy recommendation
• Positive Sentiment: Recent earnings remain a key catalyst. Schwab’s latest quarterly report exceeded expectations, with earnings per share of $1.62 versus the $1.56 consensus and revenue of $7.07 billion versus $6.90 billion expected. Revenue increased 20.9% year over year, reinforcing the company’s growth and profitability story. Why Charles Schwab Stock Jumped in July
• Positive Sentiment: Retail-client confidence is improving. Schwab’s Q3 sentiment report found that 47% of retail clients were bullish on U.S. stocks, while many active traders indicated they would buy market declines. Greater trading activity and investor confidence could support transaction-related revenue and asset flows. Schwab Q3 Retail Client Sentiment Report
• Positive Sentiment: Dividend and platform enhancements add shareholder appeal. Schwab declared a regular quarterly dividend of $0.32 per common share, while Orion’s fractional-share trading rollout for advisors using Schwab Advisor Services may improve the platform’s functionality and competitiveness. Charles Schwab Dividend and Retail Sentiment
• Neutral Sentiment: Valuation opinions are mixed. Some analysis suggests SCHW remains below estimated intrinsic value, but its roughly 69% three-year return and elevated earnings multiple mean investors may already be pricing in substantial improvement. Charles Schwab Stock Fair Value Analysis
• Negative Sentiment: Emerging crypto competition is a longer-term risk. Tokenized-stock exchanges are seeking to replicate Schwab’s brokerage model, though Wall Street and regulators remain skeptical. If the model gains traction, it could increase competitive pressure on traditional brokers. Crypto Exchanges Want to Be the Next Charles Schwab

Insider Buying and Selling at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 192,488 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $103.90, for a total transaction of $19,999,503.20. Following the completion of the transaction, the chairman directly owned 529,346 shares in the company, valued at $54,999,049.40. This represents a 26.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Dennis Howard sold 28,000 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $105.01, for a total transaction of $2,940,280.00. Following the completion of the sale, the insider directly owned 10,470 shares of the company’s stock, valued at approximately $1,099,454.70. This trade represents a 72.78% 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 a total of 363,848 shares of company stock valued at $37,874,706 in the last three months. 6.30% of the stock is owned by insiders.

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.