Provident Trust Co. Has $342.92 Million Stock Position in The Charles Schwab Corporation $SCHW

Provident Trust Co. grew its position in The Charles Schwab Corporation (NYSE:SCHW) by 0.4% during the 2nd quarter, Holdings Channel reports. The firm owned 3,716,441 shares of the financial services provider’s stock after purchasing an additional 13,616 shares during the quarter. Charles Schwab makes up about 7.2% of Provident Trust Co.’s investment portfolio, making the stock its 6th biggest position. Provident Trust Co.’s holdings in Charles Schwab were worth $342,916,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. New Mexico Educational Retirement Board increased its position in shares of Charles Schwab by 5.6% during the 2nd quarter. New Mexico Educational Retirement Board now owns 83,087 shares of the financial services provider’s stock worth $7,666,000 after purchasing an additional 4,400 shares in the last quarter. Mufg Securities Americas Inc. boosted its position in Charles Schwab by 6.5% in the second quarter. Mufg Securities Americas Inc. now owns 49,238 shares of the financial services provider’s stock valued at $4,543,000 after buying an additional 3,020 shares in the last quarter. Navellier & Associates Inc. grew its stake in Charles Schwab by 47.0% during the second quarter. Navellier & Associates Inc. now owns 9,555 shares of the financial services provider’s stock worth $882,000 after buying an additional 3,055 shares during the last quarter. Glenview Trust Co bought a new stake in Charles Schwab during the second quarter worth about $10,914,000. Finally, North Star Asset Management Inc. acquired a new stake in shares of Charles Schwab during the second quarter worth approximately $44,155,000. Institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 6,952 shares of the company’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $102.03, for a total transaction of $709,312.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Walter W. Bettinger sold 192,488 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $103.90, for a total value of $19,999,503.20. Following the completion of the transaction, the chairman directly owned 529,346 shares in the company, valued at approximately $54,999,049.40. This trade represents a 26.67% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 575,194 shares of company stock valued at $61,697,642. 6.30% of the stock is currently owned by company insiders.

Charles Schwab News Summary

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

• Positive Sentiment: Schwab plans to add Solana, Avalanche and Chainlink to its direct crypto-trading platform, expanding beyond Bitcoin and Ethereum across its 39.9 million accounts. The move could attract additional trading activity, younger investors and digital-asset revenue, although actual demand remains uncertain. Charles Schwab expands crypto access
• Positive Sentiment: Beginning next year, Schwab will refer clients with at least $5 million in investible assets to external financial advisors. The higher threshold reflects increasing use of the referral program by wealthy clients and may improve the quality and economics of Schwab’s advisor relationships. Schwab hikes minimum for client referrals
• Positive Sentiment: Analyst commentary continues to cite Schwab’s scale, active-trading exposure, technology investments and potential benefit from the Federal Reserve’s next rate move. The stock retains a consensus “Moderate Buy” rating, while recent quarterly results beat estimates on earnings and revenue. Financial stocks positioned for the Fed’s next move
• Positive Sentiment: Schwab’s Digital Account Opening API is now live through OneVest, broadening fintech and wealth-management integrations and potentially increasing adoption of Schwab’s custody and platform services. Charles Schwab opens Digital Account API
• Neutral Sentiment: Market volatility and interest-rate expectations remain important swing factors. Greater volatility could support trading and options activity, while falling or changing rates can affect Schwab’s bank-sweep balances and net interest revenue.
• Negative Sentiment: Vanguard’s planned acquisition of Altruist could intensify competition with Schwab for independent advisors and custody assets, potentially increasing technology spending and pricing pressure. Vanguard’s Altruist acquisition
• Negative Sentiment: Chairman Walter Bettinger sold 176,210 shares worth approximately $20 million, reducing his direct ownership by 22.4%. Although insider sales do not necessarily signal deteriorating fundamentals, the transaction may weigh on investor sentiment after SCHW’s strong rally. Charles Schwab chairman insider sale

Charles Schwab Stock Performance

Shares of NYSE:SCHW opened at $110.35 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52. The Charles Schwab Corporation has a 1-year low of $83.96 and a 1-year high of $114.53. The stock has a market capitalization of $190.83 billion, a P/E ratio of 20.06, a P/E/G ratio of 0.83 and a beta of 0.76. The business has a 50-day moving average price of $103.42 and a two-hundred day moving average price of $96.39.

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

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, August 14th. Charles Schwab’s dividend payout ratio is currently 23.27%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SCHW shares. Morgan Stanley lifted their target price on shares of Charles Schwab from $133.00 to $136.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Weiss Ratings restated a “buy (b-)” rating on shares of Charles Schwab in a research report on Thursday, June 18th. Barclays raised their price target on Charles Schwab from $122.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Zacks Research raised Charles Schwab from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $121.17.

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.