Maryland State Retirement & Pension System Acquires 12,555 Shares of The Charles Schwab Corporation $SCHW

Maryland State Retirement & Pension System grew its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 14.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 99,813 shares of the financial services provider’s stock after purchasing an additional 12,555 shares during the period. Maryland State Retirement & Pension System’s holdings in Charles Schwab were worth $9,756,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Bank of New York Mellon Corp lifted its position in shares of Charles Schwab by 22.9% in the 1st quarter. Bank of New York Mellon Corp now owns 16,162,082 shares of the financial services provider’s stock worth $1,518,913,000 after buying an additional 3,009,884 shares during the last quarter. Bank of America Corp DE grew its position in shares of Charles Schwab by 3.5% during the 1st quarter. Bank of America Corp DE now owns 15,623,030 shares of the financial services provider’s stock valued at $1,468,252,000 after buying an additional 530,191 shares during the last quarter. Flossbach Von Storch SE bought a new stake in shares of Charles Schwab during the 2nd quarter valued at about $987,930,000. Dimensional Fund Advisors LP raised its stake in Charles Schwab by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 5,742,934 shares of the financial services provider’s stock worth $539,705,000 after acquiring an additional 60,979 shares during the period. Finally, Provident Trust Co. raised its stake in Charles Schwab by 0.4% during the second quarter. Provident Trust Co. now owns 3,716,441 shares of the financial services provider’s stock worth $342,916,000 after acquiring an additional 13,616 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 176,210 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $113.49, for a total transaction of $19,998,072.90. Following the sale, the chairman owned 610,360 shares of the company’s stock, valued at $69,269,756.40. The trade was a 22.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan S. Beatty sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $111.33, for a total value of $111,330.00. Following the completion of the sale, the insider owned 10,738 shares of the company’s stock, valued at $1,195,461.54. This trade represents a 8.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 251,598 shares of company stock valued at $28,359,776 over the last quarter. Insiders own 6.30% of the company’s stock.

Charles Schwab Stock Performance

Shares of SCHW opened at $91.64 on Friday. The firm has a 50-day moving average price of $97.18 and a 200 day moving average price of $97.19. The firm has a market capitalization of $158.18 billion, a PE ratio of 15.64, a P/E/G ratio of 0.83 and a beta of 0.77. The company has a quick ratio of 0.64, a current ratio of 0.66 and a debt-to-equity ratio of 0.53. The Charles Schwab Corporation has a 52-week low of $83.96 and a 52-week high of $114.53.

Charles Schwab (NYSE:SCHW) last released its earnings results on Thursday, October 15th. The financial services provider reported $1.69 EPS for the quarter, beating the consensus estimate of $1.66 by $0.03. Charles Schwab had a net margin of 39.33% and a return on equity of 25.46%. The firm had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $7.18 billion. During the same quarter last year, the company earned $1.31 EPS. Charles Schwab’s quarterly revenue was up 16.9% on a year-over-year basis. On average, sell-side analysts anticipate that The Charles Schwab Corporation will post 6.41 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be issued a $0.32 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. Charles Schwab’s dividend payout ratio (DPR) is 21.84%.

Key Charles Schwab News

These are some of the SCHW news items that stood out recently:

• Positive Sentiment: Schwab announced new capabilities across Schwab.com, Schwab Mobile and thinkorswim, including an MCP server to connect clients’ AI platforms with their Schwab accounts. The additions could improve the client experience and help the firm compete for retail investors. Schwab Announces Platform Enhancements Including MCP Server to Connect Clients’ AI Platforms With Their Schwab Accounts
• Positive Sentiment: Schwab is expanding eligible clients’ access to Solana, Avalanche and Chainlink alongside Bitcoin and Ethereum through its existing brokerage accounts. Broader crypto offerings could attract or retain clients, though the article provides no revenue estimates. What Is Charles Schwab (SCHW) Signaling By Adding Solana, Avalanche And Chainlink?
• Negative Sentiment: A market commentary cited persistent inflation and rising Federal Reserve rate risks as issues for financial stocks, including Schwab. Higher rates and uncertainty around the rate outlook may pressure investor sentiment, although the article did not identify a Schwab-specific deterioration. Inflation Stays Hot: 3 Financial Stocks to Watch as Fed Rate Risks Rise

Wall Street Analysts Forecast Growth

SCHW has been the topic of a number of recent research reports. Rothschild & Co Redburn raised their target price on shares of Charles Schwab from $114.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, September 21st. Citizens Jmp reaffirmed a “market outperform” rating and set a $120.00 target price on shares of Charles Schwab in a report on Friday, October 16th. Evercore set a $98.00 target price on Charles Schwab in a report on Wednesday, October 28th. Piper Sandler dropped their price target on Charles Schwab from $118.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, October 2nd. Finally, Zacks Research downgraded Charles Schwab from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Eighteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $119.91.

Charles Schwab Company Profile

The Charles Schwab Corporation is a financial services company that provides brokerage, banking, wealth management, and investment services. Its offerings include brokerage accounts, trading and research tools, retirement products, banking services, and investment advice for individuals, as well as services for independent financial advisors, employers, and institutions. Founded in 1971 by Charles R. Schwab, the company helped popularize discount brokerage services. It expanded its brokerage business with the 2020 acquisition of TD Ameritrade, whose trading platform and services became part of Schwab.