Truist Financial Corp Lowers Position in The Charles Schwab Corporation $SCHW

Truist Financial Corp trimmed its position in The Charles Schwab Corporation (NYSE:SCHW) by 15.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,492,813 shares of the financial services provider’s stock after selling 281,613 shares during the period. Truist Financial Corp’s holdings in Charles Schwab were worth $142,519,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SCHW. Princeton Global Asset Management LLC bought a new position in shares of Charles Schwab in the 2nd quarter worth about $25,000. RMG Wealth Management LLC purchased a new stake in Charles Schwab in the second quarter worth about $27,000. West Branch Capital LLC bought a new position in shares of Charles Schwab during the third quarter valued at approximately $27,000. Hoese & Co LLP increased its stake in shares of Charles Schwab by 131.6% during the second quarter. Hoese & Co LLP now owns 352 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 200 shares in the last quarter. Finally, Mid American Wealth Advisory Group Inc. purchased a new position in shares of Charles Schwab during the second quarter valued at approximately $32,000. Institutional investors own 84.38% of the company’s stock.

Insider Activity at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,000 shares of the stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the transaction, the insider owned 21,768 shares in the company, valued at $2,285,640. This represents a 8.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 7,072 shares of company stock worth $715,076. 6.30% of the stock is owned by corporate insiders.

Charles Schwab Price Performance

NYSE SCHW opened at $103.77 on Wednesday. The stock has a market capitalization of $184.40 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 0.83 and a beta of 0.94. The Charles Schwab Corporation has a 1-year low of $65.88 and a 1-year high of $105.81. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.58. The business’s fifty day moving average price is $98.28 and its 200-day moving average price is $96.08.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SCHW. Barclays upped their price target on Charles Schwab from $125.00 to $126.00 and gave the stock an “overweight” rating in a research note on Monday. Citigroup reissued a “market outperform” rating on shares of Charles Schwab in a research note on Monday, January 12th. JMP Securities restated a “market outperform” rating and set a $110.00 price target on shares of Charles Schwab in a report on Friday, October 17th. Morgan Stanley upped their price target on shares of Charles Schwab from $139.00 to $148.00 and gave the stock an “overweight” rating in a research note on Monday, December 22nd. Finally, Wolfe Research set a $120.00 price objective on shares of Charles Schwab in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently 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.