New York State Common Retirement Fund Sells 460,575 Shares of The Charles Schwab Corporation $SCHW

New York State Common Retirement Fund lessened its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 18.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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’s holdings in Charles Schwab were worth $188,318,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SCHW. Vanguard Group Inc. boosted its stake in shares of Charles Schwab by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 151,182,081 shares of the financial services provider’s stock worth $13,793,853,000 after acquiring an additional 2,786,829 shares during the last quarter. State Street Corp increased its stake in shares of Charles Schwab by 0.7% in the 2nd quarter. State Street Corp now owns 72,464,619 shares of the financial services provider’s stock worth $6,611,672,000 after purchasing an additional 531,329 shares in the last quarter. Geode Capital Management LLC raised its holdings in Charles Schwab by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 37,381,183 shares of the financial services provider’s stock worth $3,399,181,000 after purchasing an additional 1,038,376 shares during the period. Franklin Resources Inc. lifted its position in Charles Schwab by 2.8% during the second quarter. Franklin Resources Inc. now owns 30,035,937 shares of the financial services provider’s stock valued at $2,740,479,000 after purchasing an additional 815,625 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Charles Schwab by 1.0% during the second quarter. Fisher Asset Management LLC now owns 21,376,690 shares of the financial services provider’s stock valued at $1,950,409,000 after purchasing an additional 211,527 shares during the period. 84.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Charles Schwab news, insider Jonathan S. Beatty sold 3,072 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $98.00, for a total transaction of $301,056.00. Following the completion of the transaction, the insider owned 11,923 shares in the company, valued at $1,168,454. This trade represents a 20.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold 7,072 shares of company stock worth $715,076 over the last three months. 6.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $131.00 price objective on shares of Charles Schwab in a research note on Thursday, January 22nd. Barclays lifted their price target on shares of Charles Schwab from $125.00 to $126.00 and gave the company an “overweight” rating in a report on Monday. UBS Group increased their price objective on shares of Charles Schwab from $123.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Citigroup restated a “market outperform” rating on shares of Charles Schwab in a research note on Monday, January 12th. Finally, Truist Financial increased their price target on Charles Schwab from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $115.65.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $103.49 on Thursday. The firm has a market cap of $183.90 billion, a price-to-earnings ratio of 22.21, a P/E/G ratio of 0.84 and a beta of 0.94. The firm has a fifty day moving average price of $98.50 and a 200 day moving average price of $96.13. The Charles Schwab Corporation has a fifty-two week low of $65.88 and a fifty-two week high of $105.81. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.58 and a current ratio of 0.58.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.32 by $0.07. Charles Schwab had a net margin of 37.01% and a return on equity of 22.07%. The business had revenue of $6.34 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter in the previous year, the company earned $1.01 EPS. The business’s quarterly 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. As a group, sell-side analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

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.