State Street Corp Reduces Stock Position in The Charles Schwab Corporation $SCHW

State Street Corp cut its stake in The Charles Schwab Corporation (NYSE:SCHW) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,626,508 shares of the financial services provider’s stock after selling 529,782 shares during the period. State Street Corp’s holdings in Charles Schwab were worth $7,256,114,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Royal London Asset Management Ltd. increased its stake in shares of Charles Schwab by 0.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 1,332,537 shares of the financial services provider’s stock worth $133,134,000 after purchasing an additional 11,317 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Charles Schwab by 15.6% during the 4th quarter. Victory Capital Management Inc. now owns 952,125 shares of the financial services provider’s stock worth $95,127,000 after purchasing an additional 128,712 shares in the last quarter. Vontobel Holding Ltd. increased its stake in shares of Charles Schwab by 6.9% during the 4th quarter. Vontobel Holding Ltd. now owns 39,874 shares of the financial services provider’s stock worth $3,984,000 after purchasing an additional 2,588 shares in the last quarter. First National Bank of Omaha increased its stake in shares of Charles Schwab by 2,373.1% during the 4th quarter. First National Bank of Omaha now owns 137,033 shares of the financial services provider’s stock worth $13,748,000 after purchasing an additional 131,492 shares in the last quarter. Finally, Boston Partners increased its stake in shares of Charles Schwab by 6.0% during the 4th quarter. Boston Partners now owns 4,658,266 shares of the financial services provider’s stock worth $465,723,000 after purchasing an additional 264,415 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Charles Schwab

In related news, insider Nigel J. Murtagh sold 41,297 shares of the business’s 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 owned 57,972 shares of the company’s stock, valued at $5,739,228. This represents a 41.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $16,082,224.80. This trade represents a 1.40% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 59,700 shares of company stock valued at $5,889,131. Insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

SCHW has been the subject of a number of recent research reports. Argus set a $108.00 price objective on shares of Charles Schwab in a research note on Monday, April 20th. Barclays raised their target price on shares of Charles Schwab from $117.00 to $127.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Morgan Stanley decreased their target price on shares of Charles Schwab from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Friday, April 17th. Truist Financial decreased their target price on shares of Charles Schwab from $122.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $128.00 target price on shares of Charles Schwab in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Charles Schwab has an average rating of “Moderate Buy” and an average price target of $116.00.

Key Headlines Impacting Charles Schwab

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

• Positive Sentiment: Schwab reported monthly activity highlights for May, and the company said the month set records, reinforcing confidence in client growth and trading momentum. Schwab Reports Monthly Activity Highlights
• Positive Sentiment: Market commentary says the stock is also getting a lift from a broader rebound in financials and renewed investor focus on Schwab’s strong client and trading trends. Charles Schwab jumps as financials rebound and investors refocus on Schwab’s strong client/trading momentum
• Positive Sentiment: Recent analyst actions have been constructive, with firms raising earnings estimates and maintaining buy-style ratings, which supports the bullish setup for SCHW. Charles Schwab stock research page
• Neutral Sentiment: Schwab also announced the closure and liquidation of its Schwab Ariel Opportunities ETF, a fund-level action that appears unlikely to materially affect the parent company’s near-term stock performance. Schwab Asset Management Announces Closure and Liquidation of the Schwab Ariel Opportunities ETF (SAEF)
• Negative Sentiment: There is still some caution in the background from mixed institutional positioning and heavy insider selling over the past six months, which could limit upside if sentiment weakens. Charles Schwab jumps as financials rebound and investors refocus on Schwab’s strong client/trading momentum

Charles Schwab Stock Up 2.6%

Shares of NYSE SCHW opened at $91.04 on Friday. The Charles Schwab Corporation has a 52-week low of $83.96 and a 52-week high of $107.50. The firm has a fifty day moving average of $91.05 and a 200-day moving average of $95.25. The stock has a market capitalization of $158.32 billion, a PE ratio of 18.06, a P/E/G ratio of 0.84 and a beta of 0.77. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.48.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.04. Charles Schwab had a net margin of 37.99% and a return on equity of 23.05%. The company had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $6.39 billion. During the same period in the previous year, the company earned $1.04 EPS. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, analysts anticipate that The Charles Schwab Corporation will post 6.13 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. Charles Schwab’s payout ratio is presently 25.40%.

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.