Coronation Fund Managers Ltd. Acquires 66,960 Shares of The Charles Schwab Corporation $SCHW

Coronation Fund Managers Ltd. boosted its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 14.4% during the first quarter, Holdings Channel reports. The firm owned 530,439 shares of the financial services provider’s stock after acquiring an additional 66,960 shares during the quarter. Charles Schwab makes up about 2.3% of Coronation Fund Managers Ltd.’s investment portfolio, making the stock its 13th biggest position. Coronation Fund Managers Ltd.’s holdings in Charles Schwab were worth $49,851,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brookwood Investment Group LLC raised its stake in Charles Schwab by 192.6% in the fourth quarter. Brookwood Investment Group LLC now owns 12,236 shares of the financial services provider’s stock worth $1,222,000 after buying an additional 8,054 shares in the last quarter. Juno Financial Group LLC bought a new stake in Charles Schwab during the 4th quarter valued at approximately $2,591,000. Swiss Life Asset Management Ltd boosted its position in Charles Schwab by 4.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 407,179 shares of the financial services provider’s stock valued at $40,681,000 after acquiring an additional 16,482 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Charles Schwab by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 37,667,640 shares of the financial services provider’s stock worth $3,747,646,000 after acquiring an additional 98,242 shares during the period. Finally, Busey Bank grew its holdings in shares of Charles Schwab by 15.5% during the 4th quarter. Busey Bank now owns 258,962 shares of the financial services provider’s stock worth $25,873,000 after acquiring an additional 34,745 shares during the period. Institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SCHW shares. Jefferies Financial Group decreased their target price on Charles Schwab from $122.00 to $118.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Keefe, Bruyette & Woods initiated coverage on Charles Schwab in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $110.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on Charles Schwab from $128.00 to $131.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. UBS Group increased their price objective on Charles Schwab from $122.00 to $128.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, BMO Capital Markets cut shares of Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 target price on the stock. in a report on Monday. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $119.41.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $100.93 on Thursday. The company has a 50 day simple moving average of $93.47 and a two-hundred day simple moving average of $95.34. The Charles Schwab Corporation has a fifty-two week low of $83.96 and a fifty-two week high of $107.50. The company has a market capitalization of $175.53 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 0.83 and a beta of 0.77. 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 issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.06. The firm had revenue of $7.07 billion for the quarter, compared to analysts’ expectations of $6.90 billion. Charles Schwab had a return on equity of 24.73% and a net margin of 38.79%.The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 EPS. Analysts expect that The Charles Schwab Corporation will post 6.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Charles Schwab news, Director Frank C. Herringer sold 2,520 shares of Charles Schwab stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $90.60, for a total transaction of $228,312.00. Following the completion of the transaction, the director owned 177,508 shares in the company, valued at approximately $16,082,224.80. The trade was a 1.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan S. Beatty sold 2,000 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $100.01, for a total value of $200,020.00. Following the completion of the sale, the insider directly owned 13,738 shares in the company, valued at $1,373,937.38. This trade represents a 12.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,520 shares of company stock valued at $622,392 in the last quarter. 6.30% of the stock is owned by company insiders.

More Charles Schwab News

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

• Positive Sentiment: Charles Schwab reported record quarterly revenue and earnings, beating estimates with EPS of $1.62 on revenue of $7.07 billion, helped by a 57% jump in daily average revenue trades and a 21% rise in revenue year over year. Schwab Beats 2Q Estimates as Retail Traders Pile Into Market
• Positive Sentiment: The company added 1.4 million brokerage accounts and raised its 2026 outlook, signaling continued client growth and stronger revenue momentum from trading activity, lending growth, and AI-related investments. Schwab Q2 Earnings Call Highlights Growth & AI-Led Expansion
• Positive Sentiment: Barclays raised its price target on SCHW to $125 from $122 and kept an overweight rating, reflecting optimism about further upside. Benzinga
• Neutral Sentiment: Despite the strong earnings beat, some reports say SCHW slipped as investors locked in gains and focused on higher expenses and near-term valuation after the results. Schwab Stock Slides Despite Q2 Earnings Beat on Robust Trading & NIR

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.