Puzo Michael J Acquires New Shares in The Charles Schwab Corporation $SCHW

Puzo Michael J acquired a new position in The Charles Schwab Corporation (NYSE:SCHW) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 55,627 shares of the financial services provider’s stock, valued at approximately $5,133,000. Charles Schwab makes up approximately 1.3% of Puzo Michael J’s holdings, making the stock its 29th biggest position.

A number of other hedge funds have also bought and sold shares of SCHW. Dogwood Wealth Management LLC lifted its stake in Charles Schwab by 99.2% during 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 during the period. Scarborough Advisors LLC bought a new stake in shares of Charles Schwab in the first quarter worth approximately $29,000. McIlrath & Eck LLC grew its stake in shares of Charles Schwab by 143.2% in the fourth quarter. McIlrath & Eck LLC now owns 321 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 189 shares during the period. Main Street Group LTD purchased a new position in shares of Charles Schwab during the first quarter valued at approximately $33,000. Finally, Newbridge Financial Services Group Inc. lifted its position 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 valued at $34,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SCHW. Raymond James Financial restated an “outperform” rating and issued a $145.00 target price on shares of Charles Schwab in a report on Wednesday, July 22nd. Morgan Stanley boosted 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. Piper Sandler set a $118.00 price target on Charles Schwab in a report on Tuesday, July 21st. Argus raised their price target on Charles Schwab from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $127.00 price objective on shares of Charles Schwab in a report 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.17.

Insider Buying and Selling

In related news, General Counsel Peter J. Morgan III sold 6,952 shares of Charles Schwab stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $102.03, for a total transaction of $709,312.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Walter W. Bettinger sold 192,488 shares of the company’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $103.90, for a total value of $19,999,503.20. Following the completion of the sale, the chairman owned 529,346 shares of the company’s stock, valued at approximately $54,999,049.40. The trade was a 26.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 398,984 shares of company stock worth $41,699,569 in the last quarter. Company insiders own 6.30% of the company’s stock.

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

Charles Schwab Stock Performance

SCHW opened at $110.78 on Thursday. The company’s 50 day moving average is $100.75 and its 200 day moving average is $96.00. 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 company has a market cap of $191.57 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 0.85 and a beta of 0.76. The Charles Schwab Corporation has a 12-month low of $83.96 and a 12-month high of $112.20.

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

Charles Schwab Announces Dividend

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 $0.32 dividend. This represents a $1.28 dividend on an annualized basis 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 currently 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.