Employees Retirement System of Texas Lowers Holdings in The Charles Schwab Corporation $SCHW

Employees Retirement System of Texas trimmed its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 890,067 shares of the financial services provider’s stock after selling 27,283 shares during the quarter. Employees Retirement System of Texas’ holdings in Charles Schwab were worth $88,927,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Charles Schwab by 0.3% during 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 last quarter. State Street Corp increased its holdings in Charles Schwab by 1.0% in the 3rd quarter. State Street Corp now owns 73,156,290 shares of the financial services provider’s stock valued at $6,984,231,000 after acquiring an additional 691,671 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Charles Schwab by 0.8% in the 4th quarter. Fisher Asset Management LLC now owns 21,818,514 shares of the financial services provider’s stock worth $2,179,888,000 after purchasing an additional 171,926 shares in the last quarter. Primecap Management Co. CA lifted its stake in Charles Schwab by 11.4% in the 3rd quarter. Primecap Management Co. CA now owns 21,209,187 shares of the financial services provider’s stock worth $2,024,841,000 after purchasing an additional 2,174,381 shares in the last quarter. Finally, Viking Global Investors LP boosted its holdings in shares of Charles Schwab by 5.1% during the 3rd quarter. Viking Global Investors LP now owns 16,583,101 shares of the financial services provider’s stock valued at $1,583,189,000 after purchasing an additional 809,876 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Frank C. Herringer sold 2,520 shares of the business’s stock in a transaction that occurred 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 transaction, the director 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul V. Woolway sold 15,884 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $95.12, for a total value of $1,510,886.08. Following the sale, the insider owned 35,992 shares in the company, valued at $3,423,559.04. The trade was a 30.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 99,021 shares of company stock worth $9,617,291 in the last 90 days. Company insiders own 6.30% of the company’s stock.

Charles Schwab Stock Down 0.8%

Shares of NYSE SCHW opened at $89.43 on Wednesday. The firm’s 50-day moving average price is $92.60 and its 200-day moving average price is $95.80. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $155.53 billion, a price-to-earnings ratio of 17.74, a P/E/G ratio of 0.61 and a beta of 0.80. The Charles Schwab Corporation has a 12-month low of $85.76 and a 12-month high of $107.50.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.04. The firm had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $6.39 billion. Charles Schwab had a net margin of 37.99% and a return on equity of 23.05%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.04 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, equities research analysts anticipate that The Charles Schwab Corporation will post 6.12 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

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

More Charles Schwab News

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

• Positive Sentiment: Schwab CEO Rick Wurster said the company wants to win new customers by focusing on wealth building rather than chasing meme coins or prediction markets, reinforcing a disciplined long-term growth strategy and suggesting the stock could deserve a higher valuation. Article Title
• Positive Sentiment: Another interview with CEO Rick Wurster highlighted plans to expand access to investing, which may support investor confidence in Schwab’s growth initiatives. Article Title
• Neutral Sentiment: A new article reviewed Charles Schwab’s valuation after its recent mixed share price performance, flagging short-term weakness but noting the stock remains reasonably valued on longer-term measures. Article Title
• Neutral Sentiment: Several golf-related stories used the Charles Schwab name for the Charles Schwab Challenge, which boosts brand visibility but does not directly change the company’s financial outlook. Article Title
• Negative Sentiment: No major earnings or deal news was reported in these articles, so the recent pullback appears more tied to broader trading pressure and valuation concerns than to a specific company setback.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SCHW. Weiss Ratings upgraded Charles Schwab from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. Piper Sandler increased their price target on Charles Schwab from $103.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Keefe, Bruyette & Woods started coverage on Charles Schwab in a report on Wednesday, April 8th. They set an “outperform” rating and a $110.00 price target for the company. TD Cowen lifted their price objective on Charles Schwab from $108.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, Raymond James Financial upped their price objective on Charles Schwab from $126.00 to $137.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $114.30.

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.