Louisiana State Employees Retirement System Acquires New Shares in The Charles Schwab Corporation $SCHW

Louisiana State Employees Retirement System bought a new position in shares of The Charles Schwab Corporation (NYSE:SCHW) during the 1st quarter, Holdings Channel.com reports. The firm bought 85,100 shares of the financial services provider’s stock, valued at approximately $7,998,000.

Several other institutional investors also recently bought and sold shares of SCHW. Dogwood Wealth Management LLC increased its holdings in shares of Charles Schwab by 99.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 123 shares during the last quarter. Piscataqua Savings Bank acquired a new stake in Charles Schwab in the 4th quarter worth approximately $26,000. GoalVest Advisory LLC acquired a new stake in Charles Schwab in the 4th quarter worth approximately $28,000. Beacon Financial Strategies CORP bought a new stake in Charles Schwab during the fourth quarter worth approximately $29,000. Finally, Optima Capital LLC bought a new stake in Charles Schwab during the fourth quarter worth approximately $30,000. 84.38% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Paul V. Woolway sold 7,941 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $100.00, for a total transaction of $794,100.00. Following the transaction, the insider owned 29,866 shares in the company, valued at approximately $2,986,600. The trade was a 21.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nigel J. Murtagh sold 41,297 shares of the company’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 transaction, the insider directly owned 57,972 shares of the company’s stock, valued at $5,739,228. This represents a 41.60% decrease in their position. 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 59,700 shares of company stock worth $5,889,131 in the last ninety days. Insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. TD Cowen lifted their price target on shares of Charles Schwab from $108.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Truist Financial decreased their price objective on shares of Charles Schwab from $122.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Jefferies Financial Group lowered their target price on shares of Charles Schwab from $122.00 to $118.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Morgan Stanley dropped their target price on shares of Charles Schwab from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. Finally, Barclays upped their price target on shares of Charles Schwab from $117.00 to $127.00 and gave the company an “overweight” rating in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.00.

Key Charles Schwab News

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

• Positive Sentiment: Analysts now see roughly 25.9% upside in Charles Schwab, and the recent raise in earnings estimates suggests Wall Street’s outlook is improving. Wall Street Analysts Believe Charles Schwab (SCHW) Could Rally 25.89%: Here’s is How to Trade
• Positive Sentiment: Schwab is expanding into prediction markets with Cboe, a new product area that could broaden trading activity and open another revenue opportunity. Charles Schwab Expands into Prediction Markets, WSJ Reports
• Positive Sentiment: Fresh analyst work after Schwab’s investor day nudged the company’s estimated fair value slightly higher, implying the market may still be underestimating the stock. Charles Schwab (SCHW) Stock Sees Modest Fair Value Lift After Investor Day Revisions

Charles Schwab Stock Down 2.2%

Shares of SCHW stock opened at $89.34 on Friday. The Charles Schwab Corporation has a 12 month low of $83.96 and a 12 month high of $107.50. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.48. The firm has a market cap of $155.37 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 0.84 and a beta of 0.77. The stock has a 50 day moving average of $90.46 and a 200-day moving average of $95.24.

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, topping 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 business had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter last year, the company posted $1.04 earnings per share. Charles Schwab’s quarterly revenue was up 15.8% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, equities analysts predict that The Charles Schwab Corporation will post 6.14 EPS for the current year.

Charles Schwab Announces Dividend

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

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.