Glenmede Trust Co. NA Sells 17,388 Shares of The Charles Schwab Corporation $SCHW

Glenmede Trust Co. NA lowered its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 864,248 shares of the financial services provider’s stock after selling 17,388 shares during the quarter. Glenmede Trust Co. NA’s holdings in Charles Schwab were worth $81,222,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Summit Financial Wealth Advisors LLC increased its position in shares of Charles Schwab by 11.0% in the first quarter. Summit Financial Wealth Advisors LLC now owns 2,534 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 251 shares during the period. Axiom Investment Management LLC acquired a new position in Charles Schwab in the first quarter valued at about $303,000. WNY Asset Management LLC bought a new stake in Charles Schwab during the first quarter worth about $548,000. Wellington Grp LLC lifted its position in Charles Schwab by 600.0% during the first quarter. Wellington Grp LLC now owns 1,421 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 1,218 shares during the period. Finally, Argent Capital Management LLC acquired a new stake in Charles Schwab during the first quarter worth about $23,565,000. Institutional investors own 84.38% of the company’s stock.

More Charles Schwab News

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

• Positive Sentiment: Earnings and growth remain key catalysts: Schwab’s latest quarter produced EPS of $1.62 versus the $1.56 consensus, while revenue reached $7.07 billion, exceeding estimates of $6.90 billion and rising 20.9% year over year. The results support expectations for continued growth in brokerage, banking and wealth-management activity. Charles Schwab earnings, buybacks and dividends analysis
• Positive Sentiment: Buybacks and dividends support shareholder returns: Schwab reportedly plans to repurchase as much as $20 billion of stock, which could reduce the share count and boost future EPS. The company also confirmed a quarterly dividend of $0.32 per share, reinforcing the income appeal. Charles Schwab to buy back $20 billion of stock
• Positive Sentiment: Analyst outlook is favorable: Erste Group raised its FY2026 EPS estimate to $6.50 from $6.34, while multiple firms recently increased price targets. The consensus remains “Moderate Buy,” with an average target of $119.94, above recent trading levels.
• Neutral Sentiment: Strategic positioning has mixed implications: Schwab’s Austin-area office expansion may strengthen client service but is unlikely to materially affect near-term results. Its reported robo-adviser exit could lower costs and focus resources on core businesses, while potentially reducing appeal to younger digital investors. Schwab’s involvement in securities-tokenization initiatives also offers longer-term optionality, though the immediate financial impact is uncertain. Charles Schwab announces new Austin office
• Negative Sentiment: Large insider sales may temper enthusiasm: Chairman Walter Bettinger sold roughly $29.8 million of shares, while other executives sold millions more, including Dennis Howard’s $2.94 million transaction and Nigel Murtagh’s $3.43 million sale. The trades were made under pre-arranged Rule 10b5-1 plans, reducing their bearish significance, but the scale may encourage profit-taking after SCHW’s advance. Charles Schwab insider selling

Wall Street Analyst Weigh In

SCHW has been the subject of a number of recent analyst reports. BMO Capital Markets downgraded 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. Citigroup restated a “market outperform” rating on shares of Charles Schwab in a research report 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 research note on Wednesday, July 22nd. Jefferies Financial Group decreased their price target on Charles Schwab from $122.00 to $118.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Finally, Morgan Stanley upped their price objective on Charles Schwab from $133.00 to $136.00 and gave the stock an “overweight” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Charles Schwab currently has an average rating of “Moderate Buy” and an average target price of $119.94.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,000 shares of the company’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $104.21, for a total value of $208,420.00. Following the completion of the transaction, the insider owned 11,738 shares of the company’s stock, valued at $1,223,216.98. This represents a 14.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Peter J. Morgan III sold 6,952 shares of the stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $102.03, for a total value of $709,312.56. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 363,848 shares of company stock worth $37,874,706 over the last three months. 6.30% of the stock is owned by corporate insiders.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $105.39 on Friday. The Charles Schwab Corporation has a one year low of $83.96 and a one year high of $107.50. 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 company has a market cap of $183.30 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 0.80 and a beta of 0.77. The firm has a 50 day simple moving average of $95.33 and a 200 day simple moving average of $95.49.

Charles Schwab (NYSE:SCHW) last posted its earnings results 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 firm had revenue of $7.07 billion for 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%. The company’s revenue was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 earnings per share. Research analysts predict that The Charles Schwab Corporation will post 6.46 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

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

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.