55,627 Shares in The Charles Schwab Corporation $SCHW Acquired by Puzo Michael J

Puzo Michael J acquired a new stake in The Charles Schwab Corporation (NYSE:SCHW) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 55,627 shares of the financial services provider’s stock, valued at approximately $5,133,000. Charles Schwab comprises about 1.3% of Puzo Michael J’s investment portfolio, making the stock its 29th biggest position.

Several other large investors also recently modified their holdings of the company. Dogwood Wealth Management LLC lifted its position in 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 acquiring an additional 123 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in shares of Charles Schwab in the first quarter valued at about $29,000. McIlrath & Eck LLC lifted its position in shares of Charles Schwab by 143.2% during the fourth quarter. McIlrath & Eck LLC now owns 321 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 189 shares in the last quarter. Main Street Group LTD bought a new position in shares of Charles Schwab during the first quarter valued at about $33,000. Finally, Newbridge Financial Services Group Inc. boosted its holdings in Charles Schwab by 233.6% during the third quarter. Newbridge Financial Services Group Inc. now owns 357 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 250 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Jonathan S. Beatty sold 1,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $111.33, for a total value of $111,330.00. Following the sale, the insider directly owned 10,738 shares of the company’s stock, valued at $1,195,461.54. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nigel J. Murtagh sold 24,778 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $109.01, for a total transaction of $2,701,049.78. Following the completion of the transaction, the insider owned 57,972 shares of the company’s stock, valued at approximately $6,319,527.72. The trade was a 29.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 398,984 shares of company stock valued at $41,699,569 over the last quarter. 6.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. TD Cowen lifted their target price on Charles Schwab from $108.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Zacks Research upgraded shares of Charles Schwab from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Raymond James Financial restated an “outperform” rating and set a $145.00 price objective on shares of Charles Schwab in a report on Wednesday, July 22nd. Compass Point began coverage on shares of Charles Schwab in a research report on Monday, August 3rd. They issued a “buy” rating and a $135.00 price objective on the stock. Finally, Argus boosted their target price on shares of Charles Schwab from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.17.

Trending Headlines about Charles Schwab

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

• Positive Sentiment: Schwab opened its first India global capability centre in Hyderabad and plans to expand it to approximately 2,000 employees by the end of 2027. The technology and engineering hub could improve operating efficiency, support artificial-intelligence initiatives and help protect long-term margins. Charles Schwab India investment article
• Positive Sentiment: July client assets increased 19% year over year to $13.04 trillion. Higher net new assets and trading activity point to continued revenue growth and reinforce the momentum behind Schwab’s recent earnings performance. Schwab July client assets
• Positive Sentiment: The stock’s recent strength has been supported by record asset inflows, expanding margins and strong earnings momentum. Schwab’s latest quarterly results exceeded consensus, with $1.62 EPS and $7.07 billion of revenue, up 20.9% year over year. Schwab reaches 52-week high
• Neutral Sentiment: Schwab raised $2.6 billion through fixed-to-floating-rate notes and expanded its product lineup with cash-settled single-stock futures. The capital supports flexibility, while the new derivatives could increase engagement but face adoption and liquidity uncertainty. Schwab capital raise and product expansion
• Negative Sentiment: Two insiders sold shares recently: Jonathan Beatty sold 1,000 shares for about $111,330, and Dennis Howard sold 2,198 shares for approximately $241,780. The trades were small relative to Schwab’s market value and were conducted under pre-arranged plans, but they may add caution near record levels. Schwab insider sales
• Negative Sentiment: At roughly 20 times earnings, SCHW is no longer an obvious bargain after a 106% three-year advance. Investors may be taking profits while assessing whether future growth can justify the elevated valuation and continued expense growth. Schwab valuation analysis

Charles Schwab Trading Down 0.8%

NYSE SCHW opened at $110.78 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.52. The stock’s 50-day simple moving average is $100.75 and its two-hundred day simple moving average is $96.00. The Charles Schwab Corporation has a twelve month low of $83.96 and a twelve month high of $112.20. The company has a market capitalization of $191.57 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 0.85 and a beta of 0.76.

Charles Schwab (NYSE:SCHW) last issued its 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 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 24.53%. The firm’s revenue was up 20.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 EPS. 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 declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.32 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.28 annualized dividend and a yield of 1.2%. Charles Schwab’s payout ratio is 23.27%.

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.