GAMMA Investing LLC Grows Stock Position in The Charles Schwab Corporation $SCHW

GAMMA Investing LLC grew its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 20.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 55,827 shares of the financial services provider’s stock after buying an additional 9,496 shares during the period. GAMMA Investing LLC’s holdings in Charles Schwab were worth $5,151,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Dogwood Wealth Management LLC increased its holdings in shares of Charles Schwab by 99.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 123 shares in the last quarter. Scarborough Advisors LLC purchased a new position in shares of Charles Schwab in the 1st quarter valued at approximately $29,000. Optima Capital LLC acquired a new stake in Charles Schwab in the 4th quarter worth approximately $30,000. McIlrath & Eck LLC boosted its stake 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 in the last quarter. Finally, Main Street Group LTD purchased a new stake in Charles Schwab during the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Charles Schwab from $128.00 to $131.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Compass Point began coverage on shares of Charles Schwab in a research note on Monday. They set a “buy” rating and a $135.00 price objective for the company. Argus boosted their price objective on shares of Charles Schwab from $108.00 to $114.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Charles Schwab in a research report on Wednesday, July 22nd. Finally, Zacks Research upgraded Charles Schwab from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Two equities research 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 stock. According to MarketBeat, Charles Schwab has an average rating of “Moderate Buy” and an average price target of $121.17.

Charles Schwab Price Performance

Shares of SCHW opened at $106.35 on Wednesday. The business’s 50-day moving average is $95.98 and its two-hundred day moving average is $95.51. The company has a market capitalization of $184.96 billion, a P/E ratio of 19.34, a P/E/G ratio of 0.81 and a beta of 0.76. 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 fifty-two week low of $83.96 and a fifty-two week high of $107.50.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. The business 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 24.73% and a net margin of 38.79%.The company’s revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the business posted $1.14 EPS. Research analysts predict that The Charles Schwab Corporation will post 6.46 earnings per share for the current year.

Charles Schwab Dividend Announcement

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 issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Charles Schwab’s dividend payout ratio (DPR) is 23.27%.

Key Headlines Impacting Charles Schwab

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

• Positive Sentiment: Schwab’s latest quarterly results provided the primary catalyst: earnings per share of $1.62 exceeded the $1.56 consensus estimate, while revenue of $7.07 billion topped expectations of $6.90 billion. Revenue also grew sharply from the prior year, supporting optimism about continued operating momentum. Why Charles Schwab Stock Jumped in July
• Positive Sentiment: Compass Point upgraded Charles Schwab to “strong buy,” adding to bullish analyst sentiment. The firm also recently initiated coverage with a “buy” recommendation, potentially strengthening demand for the shares. Compass initiates coverage of Charles Schwab with Buy recommendation
• Positive Sentiment: Schwab’s third-quarter retail client sentiment report showed investors becoming notably more bullish on U.S. stocks. Stronger confidence could support trading activity and asset flows, although clients still expressed concern that the market may be overvalued. Schwab Q3 Retail Client Sentiment Report
• Positive Sentiment: Orion’s launch of fractional-share trading for advisors using Schwab Advisor Services should make portfolio implementation more efficient, reduce idle cash and improve the platform’s appeal to financial advisors. Orion Introduces Fractional Share Trading for Advisors Who Custody with Schwab Advisor Services
• Neutral Sentiment: Brokerages maintain a “moderate buy” average recommendation, but analysts remain only moderately optimistic after Schwab underperformed the broader market over the past year. Charles Schwab Receives Average Recommendation of Moderate Buy
• Neutral Sentiment: Schwab’s planned $11.7 million Scottsdale office renovation reflects ongoing investment in its operations but is unlikely to materially affect near-term earnings. Charles Schwab To Invest $11.7M In Scottsdale Office Renovations

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $104.21, for a total value of $208,420.00. Following the sale, the insider owned 11,738 shares in the company, valued at approximately $1,223,216.98. This represents a 14.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dennis Howard sold 28,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $105.01, for a total transaction of $2,940,280.00. Following the sale, the insider directly owned 10,470 shares in the company, valued at $1,099,454.70. The trade was a 72.78% 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. Insiders sold 363,848 shares of company stock valued at $37,874,706 in the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

About Charles Schwab

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.