Y Intercept Hong Kong Ltd Trims Holdings in The Charles Schwab Corporation $SCHW

Y Intercept Hong Kong Ltd lessened its stake in The Charles Schwab Corporation (NYSE:SCHW) by 44.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 49,441 shares of the financial services provider’s stock after selling 39,926 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Charles Schwab were worth $4,720,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Charles Schwab by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 151,182,081 shares of the financial services provider’s stock worth $13,793,853,000 after purchasing an additional 2,786,829 shares during the period. State Street Corp boosted its position in shares of Charles Schwab by 0.7% in the 2nd quarter. State Street Corp now owns 72,464,619 shares of the financial services provider’s stock worth $6,611,672,000 after purchasing an additional 531,329 shares in the last quarter. Geode Capital Management LLC grew its stake in Charles Schwab by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 37,381,183 shares of the financial services provider’s stock worth $3,399,181,000 after buying an additional 1,038,376 shares during the last quarter. Franklin Resources Inc. increased its position in Charles Schwab by 2.8% during the 2nd quarter. Franklin Resources Inc. now owns 30,035,937 shares of the financial services provider’s stock valued at $2,740,479,000 after buying an additional 815,625 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in Charles Schwab by 1.0% in the second quarter. Fisher Asset Management LLC now owns 21,376,690 shares of the financial services provider’s stock valued at $1,950,409,000 after buying an additional 211,527 shares during the last quarter. 84.38% of the stock is owned by institutional investors.

Insider Transactions at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,000 shares of the firm’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the sale, the insider owned 21,768 shares in the company, valued at approximately $2,285,640. This trade represents a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 7,072 shares of company stock worth $715,076 over the last quarter. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Stock Down 1.7%

Charles Schwab stock opened at $102.24 on Monday. The business’s 50-day moving average price is $97.83 and its 200 day moving average price is $95.92. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.47. The firm has a market cap of $181.68 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 0.83 and a beta of 0.94. The Charles Schwab Corporation has a 52 week low of $65.88 and a 52 week high of $105.81.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.32 by $0.07. The business had revenue of $6.34 billion for the quarter, compared to analyst estimates of $6.19 billion. Charles Schwab had a return on equity of 22.07% and a net margin of 37.01%.The business’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, sell-side analysts anticipate that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SCHW shares. BMO Capital Markets started coverage on shares of Charles Schwab in a report on Friday, October 3rd. They set an “outperform” rating and a $110.00 price objective on the stock. Wolfe Research set a $120.00 target price on shares of Charles Schwab in a research note on Monday, January 12th. UBS Group upped their price target on shares of Charles Schwab from $123.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday. Keefe, Bruyette & Woods lifted their price objective on shares of Charles Schwab from $109.00 to $111.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, JMP Securities reissued a “market outperform” rating and set a $110.00 price objective on shares of Charles Schwab in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $115.65.

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.