Notis McConarty Edward Invests $3.37 Million in The Charles Schwab Corporation $SCHW

Notis McConarty Edward purchased a new position in shares of The Charles Schwab Corporation (NYSE:SCHW) in the 2nd quarter, Holdings Channel reports. The firm purchased 36,470 shares of the financial services provider’s stock, valued at approximately $3,365,000. Charles Schwab comprises approximately 1.5% of Notis McConarty Edward’s portfolio, making the stock its 26th largest holding.

Other hedge funds have also made changes to their positions in the company. Somerville Kurt F purchased a new position in Charles Schwab in the second quarter valued at approximately $5,219,000. Puzo Michael J acquired a new stake in shares of Charles Schwab in the second quarter valued at approximately $5,133,000. Madison Asset Management LLC acquired a new stake in shares of Charles Schwab in the second quarter valued at approximately $78,233,000. NewEdge Wealth LLC purchased a new position in shares of Charles Schwab during the second quarter worth approximately $247,000. Finally, Flossbach Von Storch SE acquired a new position in shares of Charles Schwab in the 2nd quarter valued at $987,930,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SCHW. UBS Group set a $135.00 price target on shares of Charles Schwab in a research note on Monday, August 3rd. Compass Point started coverage on shares of Charles Schwab in a research note on Monday, August 3rd. They set a “buy” rating and a $135.00 target price for the company. Weiss Ratings restated a “buy (b-)” rating on shares of Charles Schwab in a research report on Thursday, June 18th. Barclays upped their price objective on Charles Schwab from $122.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Finally, Wolfe Research reiterated an “outperform” rating and issued a $127.00 target price on shares of Charles Schwab in a research note on Tuesday, July 21st. Two equities research analysts have 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 has an average rating of “Moderate Buy” and a consensus price target of $121.17.

Charles Schwab Stock Down 0.8%

Charles Schwab stock opened at $110.78 on Thursday. The stock’s 50 day moving average price is $100.75 and its 200 day moving average price is $96.00. The Charles Schwab Corporation has a 1-year low of $83.96 and a 1-year high of $112.20. The company has a market cap of $191.57 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 0.85 and a beta of 0.76. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.64 and a quick ratio of 0.64.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.06. Charles Schwab had a return on equity of 24.53% and a net margin of 38.79%.The firm had revenue of $7.07 billion during the quarter, compared to analysts’ expectations of $6.90 billion. During the same quarter in the prior year, the business posted $1.14 earnings per share. Charles Schwab’s revenue was up 20.9% compared to the same quarter last year. On average, sell-side analysts predict 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. Stockholders of record on Friday, August 14th will be paid 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 dividend yield of 1.2%. Charles Schwab’s dividend payout ratio is 23.27%.

Key Stories Impacting 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

Insiders Place Their Bets

In related news, insider Dennis Howard sold 28,000 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $105.01, for a total value of $2,940,280.00. Following the completion of the sale, the insider owned 10,470 shares in the company, valued at $1,099,454.70. This trade represents a 72.78% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nigel J. Murtagh sold 32,947 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $104.01, for a total transaction of $3,426,817.47. Following the sale, the insider directly owned 57,972 shares in the company, valued at approximately $6,029,667.72. This represents a 36.24% 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. Over the last three months, insiders have sold 398,984 shares of company stock worth $41,699,569. Insiders own 6.30% of the company’s stock.

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.