Thrivent Financial for Lutherans Grows Position in The Charles Schwab Corporation $SCHW

Thrivent Financial for Lutherans increased its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 5.6% in the fourth quarter, Holdings Channel reports. The fund owned 2,614,587 shares of the financial services provider’s stock after purchasing an additional 138,266 shares during the quarter. Charles Schwab accounts for approximately 0.5% of Thrivent Financial for Lutherans’ portfolio, making the stock its 27th largest position. Thrivent Financial for Lutherans’ holdings in Charles Schwab were worth $261,259,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Charles Schwab by 0.3% in the third quarter. Vanguard Group Inc. now owns 151,585,214 shares of the financial services provider’s stock worth $14,471,840,000 after acquiring an additional 403,133 shares during the period. State Street Corp lifted its stake in Charles Schwab by 1.0% in the third quarter. State Street Corp now owns 73,156,290 shares of the financial services provider’s stock worth $6,984,231,000 after acquiring an additional 691,671 shares during the period. Fisher Asset Management LLC lifted its stake in Charles Schwab by 1.3% in the third quarter. Fisher Asset Management LLC now owns 21,646,588 shares of the financial services provider’s stock worth $2,066,600,000 after acquiring an additional 269,898 shares during the period. Primecap Management Co. CA lifted its stake in Charles Schwab by 11.4% in the third quarter. Primecap Management Co. CA now owns 21,209,187 shares of the financial services provider’s stock worth $2,024,841,000 after acquiring an additional 2,174,381 shares during the period. Finally, Viking Global Investors LP lifted its stake in Charles Schwab by 5.1% in the third quarter. Viking Global Investors LP now owns 16,583,101 shares of the financial services provider’s stock worth $1,583,189,000 after acquiring an additional 809,876 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Charles Schwab news, insider Nigel J. Murtagh sold 41,297 shares of the stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $99.00, for a total transaction of $4,088,403.00. Following the completion of the sale, the insider directly owned 57,972 shares of the company’s stock, valued at approximately $5,739,228. This represents a 41.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank C. Herringer sold 2,520 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $90.60, for a total transaction of $228,312.00. Following the sale, the director directly owned 177,508 shares of the company’s stock, valued at approximately $16,082,224.80. The trade was a 1.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 126,924 shares of company stock valued at $12,268,634. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Stock Performance

SCHW stock opened at $89.47 on Friday. The firm has a market cap of $155.60 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 0.72 and a beta of 0.80. The firm has a 50-day simple moving average of $93.12 and a two-hundred day simple moving average of $96.00. The Charles Schwab Corporation has a one year low of $85.76 and a one year high of $107.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.62 and a current ratio of 0.62.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.39 by $0.04. The business had revenue of $6.48 billion during the quarter, compared to analyst estimates of $6.39 billion. Charles Schwab had a net margin of 37.99% and a return on equity of 23.05%. The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.04 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, equities analysts forecast that The Charles Schwab Corporation will post 5.99 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, May 8th. Charles Schwab’s dividend payout ratio is presently 25.40%.

Wall Street Analyst Weigh In

SCHW has been the subject of a number of research reports. Keefe, Bruyette & Woods initiated coverage on shares of Charles Schwab in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $110.00 price objective for the company. Morgan Stanley lowered their price objective on shares of Charles Schwab from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. UBS Group lowered their price objective on shares of Charles Schwab from $125.00 to $119.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. JPMorgan Chase & Co. upped their price objective on shares of Charles Schwab from $128.00 to $131.00 and gave the stock an “overweight” rating in a research note on Friday, April 17th. Finally, Jefferies Financial Group lowered 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 note on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Charles Schwab currently has an average rating of “Moderate Buy” and an average price target of $114.00.

Charles Schwab News Roundup

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

• Positive Sentiment: Schwab raised its 2026 revenue outlook to 14%-15% growth, above Wall Street’s expectation of about 11.5%, suggesting stronger-than-expected business momentum from active trading and wealth management inflows. Schwab Signals 15% Revenue Growth As Retail Investors Stay Active
• Positive Sentiment: The company said April activity hit records, including daily average trades and client margin loan balances, reinforcing that retail trading remains robust and may support near-term revenue. Charles Schwab daily average trades, client margin loan balances reach records in April
• Positive Sentiment: Schwab unveiled AI plans aimed at extending personalized advice to less-affluent clients, which could broaden its addressable market and improve operating efficiency over time. Schwab Will Use AI To Serve Less-Affluent Customers
• Positive Sentiment: Schwab launched direct retail Bitcoin and Ethereum trading, adding a new potential fee stream and giving clients another reason to keep assets within the Schwab platform. Charles Schwab Begins Retail Bitcoin and Ethereum Trading Rollout
• Neutral Sentiment: Investor-day coverage and research notes focused on Schwab’s AI strategy, workplace offerings, and long-term growth initiatives; these are constructive but mainly long-term in nature. Schwab emphasizes growth potential through AI at investor day event
• Neutral Sentiment: Unusually heavy call-option activity suggests traders are positioning for upside, but it does not by itself explain the stock move. Schwab Reports Monthly Activity Highlights

Charles Schwab Company 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.