New York State Common Retirement Fund Lowers Stock Holdings in The Charles Schwab Corporation $SCHW

New York State Common Retirement Fund lowered its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 18.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,972,536 shares of the financial services provider’s stock after selling 460,575 shares during the period. New York State Common Retirement Fund owned about 0.11% of Charles Schwab worth $188,318,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of SCHW. Federated Hermes Inc. lifted its stake in shares of Charles Schwab by 2,112.7% in the 2nd quarter. Federated Hermes Inc. now owns 181,793 shares of the financial services provider’s stock valued at $16,587,000 after purchasing an additional 173,577 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in Charles Schwab by 26.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 190,538 shares of the financial services provider’s stock worth $17,387,000 after purchasing an additional 40,275 shares in the last quarter. Figure 8 Investment Strategies LLC purchased a new position in Charles Schwab during the second quarter valued at $924,000. PFG Investments LLC boosted its holdings in shares of Charles Schwab by 10.2% during the 2nd quarter. PFG Investments LLC now owns 5,951 shares of the financial services provider’s stock valued at $543,000 after buying an additional 550 shares in the last quarter. Finally, W.H. Cornerstone Investments Inc. purchased a new stake in shares of Charles Schwab in the 2nd quarter worth about $246,000. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Stock Down 0.2%

Charles Schwab stock opened at $103.49 on Thursday. The Charles Schwab Corporation has a 12 month low of $65.88 and a 12 month high of $105.81. The stock has a fifty day simple moving average of $98.50 and a two-hundred day simple moving average of $96.13. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.47. The firm has a market cap of $183.90 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 0.84 and a beta of 0.94.

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

Insider Activity

In other news, insider Jonathan S. Beatty sold 2,000 shares of Charles Schwab 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 completion of the sale, the insider directly owned 21,768 shares in the company, valued at $2,285,640. The trade was a 8.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 7,072 shares of company stock worth $715,076. Company insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Citizens Jmp boosted their price objective on shares of Charles Schwab from $110.00 to $120.00 and gave the stock a “market outperform” rating in a research note on Monday, January 12th. Morgan Stanley boosted their price target on Charles Schwab from $139.00 to $148.00 and gave the stock an “overweight” rating in a research report on Monday, December 22nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $114.00 price objective on shares of Charles Schwab in a research report on Friday, October 17th. TD Cowen boosted their target price on Charles Schwab from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. raised their price target on Charles Schwab from $119.00 to $121.00 and gave the company an “overweight” rating in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Charles Schwab currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.65.

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.