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

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

Several other institutional investors have also recently modified their holdings of the stock. Bank of Nova Scotia acquired a new stake in shares of Charles Schwab during the second quarter valued at $3,780,000. Geode Capital Management LLC increased its position in Charles Schwab by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 37,667,640 shares of the financial services provider’s stock worth $3,747,646,000 after purchasing an additional 98,242 shares in the last quarter. Swiss Life Asset Management Ltd raised its stake in Charles Schwab by 4.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 407,179 shares of the financial services provider’s stock valued at $40,681,000 after purchasing an additional 16,482 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in Charles Schwab in the 4th quarter valued at about $35,233,000. Finally, Norges Bank purchased a new position in Charles Schwab in the 4th quarter valued at about $1,994,189,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SCHW shares. Barclays raised their price target on shares of Charles Schwab from $122.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Charles Schwab in a research note on Thursday, June 18th. Argus raised their target price on shares of Charles Schwab from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. UBS Group set a $135.00 target price on shares of Charles Schwab in a research note on Monday, August 3rd. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $145.00 price target on shares of Charles Schwab in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Charles Schwab presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.17.

Insider Activity at Charles Schwab

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

Charles Schwab Trading Down 1.2%

NYSE SCHW opened at $108.09 on Friday. The company has a market cap of $186.93 billion, a P/E ratio of 19.65, a P/E/G ratio of 0.82 and a beta of 0.76. The Charles Schwab Corporation has a 12 month low of $83.96 and a 12 month high of $114.53. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.64 and a quick ratio of 0.64. The company has a 50-day moving average of $103.05 and a 200-day moving average of $96.29.

Charles Schwab (NYSE:SCHW) last released its earnings results 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 net margin of 38.79% and a return on equity of 24.53%. The business had revenue of $7.07 billion for the quarter, compared to analysts’ expectations of $6.90 billion. During the same period last year, the company earned $1.14 earnings per share. The company’s quarterly revenue was up 20.9% on a year-over-year basis. As a group, equities analysts predict that The Charles Schwab Corporation will post 6.46 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders 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 dividend yield of 1.2%. The ex-dividend date is Friday, August 14th. Charles Schwab’s dividend payout ratio (DPR) is 23.27%.

More Charles Schwab News

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.

About Charles Schwab

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.