Sanctuary Advisors LLC Buys Shares of 5,903 The Charles Schwab Corporation $SCHW

Sanctuary Advisors LLC purchased a new position in shares of The Charles Schwab Corporation (NYSE:SCHW) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,903 shares of the financial services provider’s stock, valued at approximately $1,339,000.

A number of other institutional investors have also modified their holdings of the company. Dogwood Wealth Management LLC raised its holdings in shares of 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 buying an additional 123 shares during the period. Compass Financial Management LLC purchased a new position in Charles Schwab during the 2nd quarter valued at about $27,000. Scarborough Advisors LLC acquired a new position in Charles Schwab in the 1st quarter valued at about $29,000. McIlrath & Eck LLC grew its position in Charles Schwab by 143.2% in the 4th quarter. McIlrath & Eck LLC now owns 321 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 189 shares in the last quarter. Finally, Allworth Financial LP purchased a new stake in Charles Schwab during the second quarter worth about $75,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SCHW. Morgan Stanley increased their price target on shares of Charles Schwab from $133.00 to $136.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Citigroup restated a “market outperform” rating on shares of Charles Schwab in a report on Wednesday, July 22nd. Raymond James Financial reaffirmed an “outperform” rating and set a $145.00 price objective on shares of Charles Schwab in a research report on Wednesday, July 22nd. Wolfe Research reissued an “outperform” rating and set a $127.00 target price on shares of Charles Schwab in a research report on Tuesday, July 21st. Finally, Piper Sandler set a $118.00 target price on shares of Charles Schwab in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $121.17.

Insiders Place Their Bets

In other Charles Schwab 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 owned 10,738 shares of the company’s stock, valued at approximately $1,195,461.54. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nigel J. Murtagh sold 24,778 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $109.01, for a total value 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. This represents a 29.94% 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 quarter, insiders have sold 575,194 shares of company stock worth $61,697,642. 6.30% of the stock is owned by insiders.

Key Headlines Impacting Charles Schwab

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

• Positive Sentiment: Schwab plans to expand Schwab Crypto beyond Bitcoin and Ethereum by adding Solana, Avalanche and Chainlink in the coming months. The broader digital-asset lineup could attract new clients, increase engagement and create additional trading-related revenue opportunities. Charles Schwab to add Solana, Avalanche and Chainlink to crypto platform
• Positive Sentiment: OneVest has gone live on Schwab’s Digital Account Opening API, including a headless integration option. The partnership broadens Schwab’s fintech connectivity and could strengthen its custody and advisor-technology platform. OneVest Goes Live on Schwab’s Digital Account Opening API
• Neutral Sentiment: Schwab is publishing guidance on retirement withdrawals and other savings “money traps.” The content may support customer trust and financial education, but it is unlikely to materially affect near-term earnings. Schwab says one common 401(k) withdrawal habit raises taxes
• Negative Sentiment: Vanguard’s $4 billion Altruist acquisition could intensify competition for independent advisors and custody assets, potentially increasing Schwab’s technology spending and pricing pressure. Vanguard Takes On Fidelity, Charles Schwab With $4 Billion Altruist Deal
• Negative Sentiment: Chairman Walter Bettinger sold 176,210 SCHW shares for approximately $20 million, reducing his ownership by 22.4%. The sizable disclosed sale may reinforce investor caution, particularly after the stock’s strong rally and recent high. SEC insider transaction filing
• Negative Sentiment: Schwab remains sensitive to interest-rate expectations and bank-sweep balances. Recent macro uncertainty and profit-taking after strong earnings appear to be outweighing the potential near-term benefit from its crypto expansion.

Charles Schwab Stock Down 1.2%

Shares of NYSE SCHW opened at $108.09 on Friday. 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 Charles Schwab Corporation has a 52 week low of $83.96 and a 52 week high of $114.53. The firm has a 50-day moving average price of $103.05 and a 200 day moving average price of $96.29. The stock has a market capitalization of $186.93 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 0.82 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 earnings per share for the quarter, topping 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 period in the prior year, the business posted $1.14 earnings per share. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. Equities research analysts anticipate that The Charles Schwab Corporation will post 6.46 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 1.2%. Charles Schwab’s dividend payout ratio 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.