Legal & General Group Plc Buys Shares of 102,433 The Charles Schwab Corporation $SCHW

Legal & General Group Plc bought a new position in shares of The Charles Schwab Corporation (NYSE:SCHW) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 102,433 shares of the financial services provider’s stock, valued at approximately $23,231,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dogwood Wealth Management LLC boosted its stake in shares of Charles Schwab by 99.2% in the fourth quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 123 shares during the period. Compass Financial Management LLC acquired a new stake in Charles Schwab during the 2nd quarter worth approximately $27,000. Scarborough Advisors LLC purchased a new position in Charles Schwab in the 1st quarter valued at approximately $29,000. McIlrath & Eck LLC boosted 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 buying an additional 189 shares during the period. Finally, Main Street Group LTD acquired a new position in shares of Charles Schwab in the first quarter worth $33,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $110.35 on Friday. The firm 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 Charles Schwab Corporation has a 52 week low of $83.96 and a 52 week high of $114.53. 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 firm’s 50 day moving average is $103.42 and its two-hundred day moving average is $96.39.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.06. The company had revenue of $7.07 billion for the quarter, compared to analysts’ expectations of $6.90 billion. Charles Schwab had a net margin of 38.79% and a return on equity of 24.53%. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter last year, the company earned $1.14 earnings per share. Research analysts forecast 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 was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a dividend of $0.32 per share. 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 (DPR) is currently 23.27%.

Insider Transactions at Charles Schwab

In other news, Director Paula A. Sneed sold 5,263 shares of Charles Schwab stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $107.15, for a total transaction of $563,930.45. Following the sale, the director owned 91,711 shares in the company, valued at approximately $9,826,833.65. The trade was a 5.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Walter W. Bettinger sold 176,210 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $113.49, for a total value of $19,998,072.90. Following the completion of the sale, the chairman directly owned 610,360 shares of the company’s stock, valued at $69,269,756.40. The trade was a 22.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 575,194 shares of company stock valued at $61,697,642 over the last quarter. 6.30% of the stock is owned by corporate 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

Analysts Set New Price Targets

Several research analysts recently commented on the company. Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a research note on Wednesday, July 22nd. BMO Capital Markets cut Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 price objective for the company. in a research note on Monday, July 20th. Wolfe Research reissued an “outperform” rating and set a $127.00 price objective on shares of Charles Schwab in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Charles Schwab in a research note on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Charles Schwab in a report on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $121.17.

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.