Opal Capital LLC Has $960,000 Stock Position in The Charles Schwab Corporation $SCHW

Opal Capital LLC increased its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 419.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,211 shares of the financial services provider’s stock after acquiring an additional 8,244 shares during the period. Opal Capital LLC’s holdings in Charles Schwab were worth $960,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. grew its stake in shares of Charles Schwab by 1.4% in the first quarter. Sunbelt Securities Inc. now owns 21,505 shares of the financial services provider’s stock valued at $2,021,000 after buying an additional 295 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Charles Schwab by 8.2% during the first quarter. EverSource Wealth Advisors LLC now owns 17,843 shares of the financial services provider’s stock worth $1,677,000 after acquiring an additional 1,351 shares in the last quarter. Empire Financial Management Company LLC bought a new stake in Charles Schwab during the first quarter worth $470,000. Regal Partners Ltd acquired a new stake in Charles Schwab in the first quarter valued at $33,412,000. Finally, Empowered Funds LLC lifted its stake in Charles Schwab by 145.2% in the first quarter. Empowered Funds LLC now owns 205,719 shares of the financial services provider’s stock valued at $19,333,000 after acquiring an additional 121,837 shares during the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Charles Schwab

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

• Positive Sentiment: Planned $20 billion share repurchase: Charles Schwab reportedly plans to buy back $20 billion of its stock, a substantial capital-allocation commitment that could reduce shares outstanding, support earnings per share and signal management’s confidence in the company’s valuation and cash-generation outlook. Charles Schwab to buy back $20 billion of stock
• Positive Sentiment: Analysts continue to favor SCHW as a growth stock: Charles Schwab was included among analysts’ preferred growth names, reflecting confidence in demand trends and longer-term catalysts. The view is consistent with the company’s latest quarterly performance, which included earnings and revenue above consensus and 20.9% year-over-year revenue growth. Best Growth Stocks to Buy This Week
• Positive Sentiment: Retail investor sentiment is improving: Schwab executive James Kostulias said bullishness among retail traders is rising. Greater investor participation and trading activity could support Schwab’s brokerage-related revenue and asset-gathering trends. Charles Schwab executive discusses rising retail bullishness
• Positive Sentiment: Potential cryptocurrency-regulation tailwind: Schwab reportedly backed the CLARITY Act ahead of an August deadline. Clearer digital-asset rules could help established financial firms expand crypto-related products and services, although the legislation remains subject to the legislative process. Charles Schwab backs the CLARITY Act
• Neutral Sentiment: Commentary highlighting “three big reasons” to favor SCHW and a report on billionaire investor Andreas Halvorsen’s holdings add to positive market attention, but these opinions are not new company fundamentals or formal analyst actions. Three big reasons to favor Charles Schwab Andreas Halvorsen’s top picks
• Negative Sentiment: Several insiders sold shares, including General Counsel Peter J. Morgan III and executives Jonathan S. Beatty and Nigel J. Murtagh. The transactions were made under pre-arranged Rule 10b5-1 plans, reducing their significance as a bearish signal, but they may still create limited investor caution.

Analyst Ratings Changes

A number of research firms recently commented on SCHW. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Charles Schwab in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods initiated coverage on Charles Schwab in a research report on Wednesday, April 8th. They issued an “outperform” rating and a $110.00 price objective for the company. Barclays lifted their target price on Charles Schwab from $122.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Zacks Research raised Charles Schwab from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Finally, Argus increased their price target on Charles Schwab from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $119.94.

Charles Schwab Stock Performance

Shares of NYSE:SCHW opened at $106.17 on Wednesday. The company’s 50 day moving average price is $94.46 and its two-hundred day moving average price is $95.37. 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 cap of $184.65 billion, a PE ratio of 19.30, a PEG ratio of 0.84 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.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $6.90 billion. During the same quarter in the prior year, the business posted $1.14 earnings per share. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. Equities research analysts predict that The Charles Schwab Corporation will post 6.45 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Charles Schwab’s dividend payout ratio is 23.27%.

Insider Buying and Selling

In other Charles Schwab news, insider Nigel J. Murtagh sold 4,053 shares of the company’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $104.14, for a total transaction of $422,079.42. Following the completion of the sale, the insider directly owned 57,972 shares in the company, valued at $6,037,204.08. This represents a 6.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonathan S. Beatty sold 2,000 shares of the firm’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $104.21, for a total value of $208,420.00. Following the completion of the sale, the insider directly owned 11,738 shares in the company, valued at approximately $1,223,216.98. This represents a 14.56% 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. In the last 90 days, insiders have sold 17,005 shares of company stock worth $1,733,892. Corporate insiders own 6.30% of the company’s stock.

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.