Provident Trust Co. Has $342.92 Million Stock Position in The Charles Schwab Corporation $SCHW

Provident Trust Co. increased its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 0.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,716,441 shares of the financial services provider’s stock after acquiring an additional 13,616 shares during the period. Charles Schwab accounts for about 7.2% of Provident Trust Co.’s holdings, making the stock its 6th largest position. Provident Trust Co. owned about 0.21% of Charles Schwab worth $342,916,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in SCHW. Souders Financial Advisors grew its holdings in Charles Schwab by 2.3% during the fourth quarter. Souders Financial Advisors now owns 4,341 shares of the financial services provider’s stock valued at $434,000 after purchasing an additional 98 shares during the last quarter. Essex Financial Services Inc. lifted its stake in shares of Charles Schwab by 0.8% in the fourth quarter. Essex Financial Services Inc. now owns 12,833 shares of the financial services provider’s stock worth $1,282,000 after buying an additional 105 shares during the last quarter. Sheets Smith Wealth Management lifted its stake in shares of Charles Schwab by 0.7% in the first quarter. Sheets Smith Wealth Management now owns 14,521 shares of the financial services provider’s stock worth $1,365,000 after buying an additional 108 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV boosted its holdings in shares of Charles Schwab by 4.5% during the 4th quarter. Acorn Financial Advisory Services Inc. ADV now owns 2,536 shares of the financial services provider’s stock worth $253,000 after buying an additional 110 shares during the period. Finally, Peoples Bank KS boosted its holdings in shares of Charles Schwab by 2.7% during the 2nd quarter. Peoples Bank KS now owns 4,331 shares of the financial services provider’s stock worth $400,000 after buying an additional 113 shares during the period. 84.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Chairman Walter W. Bettinger sold 192,488 shares of Charles Schwab stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $103.90, for a total transaction of $19,999,503.20. Following the sale, the chairman directly owned 529,346 shares in the company, valued at approximately $54,999,049.40. The trade was a 26.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Peter J. Morgan III sold 6,952 shares of the company’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $102.03, for a total transaction of $709,312.56. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 575,194 shares of company stock worth $61,697,642. Insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SCHW shares. Zacks Research upgraded shares of Charles Schwab from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. UBS Group set a $135.00 price target on Charles Schwab in a research report on Monday, August 3rd. Compass Point initiated coverage on Charles Schwab in a research report on Monday, August 3rd. They set a “buy” rating and a $135.00 price objective for the company. Piper Sandler set a $118.00 target price on Charles Schwab in a research note on Tuesday, July 21st. Finally, Barclays raised their target price on Charles Schwab from $122.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $121.17.

Trending Headlines about Charles Schwab

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

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $110.35 on Friday. The Charles Schwab Corporation has a 1-year low of $83.96 and a 1-year high of $114.53. The firm has a market capitalization of $190.83 billion, a PE ratio of 20.06, a PEG ratio of 0.83 and a beta of 0.76. The business’s 50 day moving average is $103.42 and its 200-day moving average is $96.39. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. The business had revenue of $7.07 billion during the quarter, compared to analyst estimates of $6.90 billion. Charles Schwab had a return on equity of 24.53% and a net margin of 38.79%.Charles Schwab’s revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 earnings per share. Sell-side analysts predict that The Charles Schwab Corporation will post 6.46 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 14th. Charles Schwab’s payout ratio is 23.27%.

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.