8,358 Shares in The Charles Schwab Corporation $SCHW Acquired by Inceptionr LLC

Inceptionr LLC purchased a new stake in shares of The Charles Schwab Corporation (NYSE:SCHW) in the first quarter, HoldingsChannel reports. The institutional investor purchased 8,358 shares of the financial services provider’s stock, valued at approximately $785,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHW. Bowen Hanes & Co. Inc. increased its position in shares of Charles Schwab by 20.8% during the 1st quarter. Bowen Hanes & Co. Inc. now owns 740,788 shares of the financial services provider’s stock valued at $69,619,000 after purchasing an additional 127,495 shares during the period. Gibbs Wealth Management lifted its holdings in shares of Charles Schwab by 42.0% in the first quarter. Gibbs Wealth Management now owns 5,594 shares of the financial services provider’s stock valued at $526,000 after buying an additional 1,655 shares during the period. Sei Investments Co. lifted its holdings in shares of Charles Schwab by 29.0% in the first quarter. Sei Investments Co. now owns 1,924,005 shares of the financial services provider’s stock valued at $180,820,000 after buying an additional 432,187 shares during the period. State of Wyoming bought a new position in Charles Schwab during the first quarter valued at about $207,000. Finally, Cetera Investment Advisers boosted its stake in Charles Schwab by 15.7% during the first quarter. Cetera Investment Advisers now owns 620,584 shares of the financial services provider’s stock valued at $58,322,000 after buying an additional 84,413 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Key Stories Impacting Charles Schwab

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

• Positive Sentiment: Schwab announced a quarterly common stock dividend of $0.32 per share, along with preferred stock dividends, reinforcing its capital-return story for income-focused investors. Schwab Declares Quarterly Common Stock Dividend and Declares Preferred Stock Dividends
• Positive Sentiment: Argus raised its price target on SCHW to $114 from $108 and kept a buy rating, signaling confidence in further upside. Argus raises Charles Schwab price target
• Positive Sentiment: Schwab was added to Zacks’ “Best Income Stocks to Buy” list, suggesting investors continue to view the company as an attractive income and quality financial-services name. Best Income Stocks to Buy for July 23rd
• Positive Sentiment: Recent coverage highlighted Schwab’s “dual beats” in its latest quarter, with earnings and revenue both coming in above expectations, adding to the bullish case after the July 21 report. Charles Schwab: Dual Beats And Attractive Preferreds
• Neutral Sentiment: Schwab also received media attention for its call for the CLARITY Act to pass, framing crypto regulation as a potential long-term industry catalyst, though the timing remains uncertain. Charles Schwab Calls CLARITY Act a Fundamental Catalyst

Charles Schwab Stock Up 0.3%

Shares of Charles Schwab stock opened at $101.92 on Friday. The Charles Schwab Corporation has a 12-month low of $83.96 and a 12-month high of $107.50. The firm has a market capitalization of $177.25 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 0.82 and a beta of 0.77. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average is $93.93 and its 200-day moving average is $95.39.

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, beating analysts’ consensus estimates of $1.56 by $0.06. Charles Schwab had a return on equity of 24.73% and a net margin of 38.79%.The business had revenue of $7.07 billion during the quarter, compared to analyst estimates of $6.90 billion. During the same quarter last year, the company posted $1.14 EPS. Charles Schwab’s revenue for the quarter was up 20.9% on a year-over-year basis. Equities analysts anticipate that The Charles Schwab Corporation will post 6.43 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.3%. Charles Schwab’s dividend payout ratio is currently 23.27%.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Director Frank C. Herringer sold 2,520 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $90.60, for a total value of $228,312.00. Following the completion of the transaction, the director directly owned 177,508 shares in the company, valued at $16,082,224.80. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jonathan S. Beatty sold 2,000 shares of Charles Schwab stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $100.01, for a total transaction of $200,020.00. Following the completion of the transaction, the insider directly owned 13,738 shares in the company, valued at approximately $1,373,937.38. This trade represents a 12.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,520 shares of company stock valued at $622,392 over the last ninety days. Insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Charles Schwab in a report on Wednesday. Jefferies Financial Group reduced their price objective on shares of Charles Schwab from $122.00 to $118.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Charles Schwab in a research report on Thursday, June 18th. Truist Financial lowered their price objective on shares of Charles Schwab from $122.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Finally, Wolfe Research reiterated an “outperform” rating and issued a $127.00 target price on shares of Charles Schwab in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $119.76.

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.