Seneca House Advisors Sells 16,630 Shares of The Charles Schwab Corporation $SCHW

Seneca House Advisors decreased its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 35.7% in the first quarter, Holdings Channel reports. The fund owned 29,965 shares of the financial services provider’s stock after selling 16,630 shares during the period. Charles Schwab accounts for 1.1% of Seneca House Advisors’ investment portfolio, making the stock its 28th biggest holding. Seneca House Advisors’ holdings in Charles Schwab were worth $2,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Ferguson Wellman Capital Management Inc. grew its position in shares of Charles Schwab by 17.9% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 389,361 shares of the financial services provider’s stock valued at $36,592,000 after purchasing an additional 59,078 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in Charles Schwab by 1.4% during the 1st quarter. Citizens Financial Group Inc. RI now owns 108,408 shares of the financial services provider’s stock valued at $10,188,000 after purchasing an additional 1,500 shares during the period. Fifth Third Bancorp boosted its stake in Charles Schwab by 238.8% during the 1st quarter. Fifth Third Bancorp now owns 479,557 shares of the financial services provider’s stock valued at $45,069,000 after purchasing an additional 337,999 shares during the period. Sovran Advisors LLC grew its holdings in Charles Schwab by 6.5% in the 1st quarter. Sovran Advisors LLC now owns 15,543 shares of the financial services provider’s stock valued at $1,424,000 after buying an additional 954 shares during the last quarter. Finally, Markel Group Inc. grew its holdings in Charles Schwab by 0.6% in the 1st quarter. Markel Group Inc. now owns 1,383,800 shares of the financial services provider’s stock valued at $130,050,000 after buying an additional 8,000 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors.

Key Stories Impacting Charles Schwab

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

• Positive Sentiment: Charles Schwab was upgraded to a Zacks Rank #1 (Strong Buy), signaling improving earnings outlooks and potentially boosting near-term investor sentiment. Article Title
• Positive Sentiment: Morgan Stanley raised its price target on SCHW to $133 from $125 and kept an overweight rating, reinforcing expectations for more upside.
• Positive Sentiment: Brokerage sentiment remains constructive overall, with another report citing an average Moderate Buy rating from analysts.
• Positive Sentiment: Schwab’s push into digital assets and crypto trading could be an additional long-term growth driver, as the company reportedly hires for its blockchain and crypto team ahead of a rollout. Article Title
• Neutral Sentiment: Schwab strategists warned that the era of easy index gains may be ending, reflecting a more volatile market backdrop that could affect trading and client behavior in either direction. Article Title
• Neutral Sentiment: Media coverage about Trump-related trading activity through a Schwab account is likely more of a headline risk than a direct business driver unless it leads to regulatory or reputational issues. Article Title
• Negative Sentiment: Barclays lowered its price target on SCHW to $122 from $127, which is a modest negative, though the firm still rates the stock overweight.

Charles Schwab Stock Performance

Shares of NYSE:SCHW traded up $1.11 during trading on Friday, hitting $103.02. 5,677,657 shares of the stock were exchanged, compared to its average volume of 10,709,114. The company has a market capitalization of $179.17 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 0.94 and a beta of 0.77. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.62 and a current ratio of 0.62. The Charles Schwab Corporation has a 1-year low of $83.96 and a 1-year high of $107.50. The company’s fifty day simple moving average is $91.64 and its 200-day simple moving average is $95.34.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, April 16th. The financial services provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.04. Charles Schwab had a return on equity of 23.05% and a net margin of 37.99%.The business had revenue of $6.48 billion during the quarter, compared to analyst estimates of $6.39 billion. During the same period in the prior year, the company posted $1.04 earnings per share. Charles Schwab’s revenue was up 15.8% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Sell-side analysts expect that The Charles Schwab Corporation will post 6.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were paid a dividend of $0.32 per share. The ex-dividend date was Friday, May 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.2%. Charles Schwab’s dividend payout ratio (DPR) is currently 25.40%.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $100.01, for a total value of $200,020.00. Following the sale, the insider directly owned 13,738 shares in the company, valued at approximately $1,373,937.38. This represents a 12.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul V. Woolway sold 7,942 shares of the stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $98.00, for a total value of $778,316.00. Following the completion of the transaction, the insider directly owned 29,866 shares of the company’s stock, valued at approximately $2,926,868. The trade was a 21.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 63,700 shares of company stock worth $6,283,211 in the last three months. 6.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays dropped their price target on Charles Schwab from $127.00 to $122.00 and set an “overweight” rating on the stock in a research report on Thursday. Raymond James Financial raised their price objective on shares of Charles Schwab from $126.00 to $137.00 and gave the stock an “outperform” 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 note on Thursday. Argus set a $108.00 target price on shares of Charles Schwab in a research note on Monday, April 20th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Charles Schwab in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.32.

Charles Schwab 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.