The Charles Schwab Corporation $SCHW Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,152,198 shares of the financial services provider’s stock after buying an additional 1,271,471 shares during the quarter. Bank of New York Mellon Corp’s holdings in Charles Schwab were worth $1,314,036,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SCHW. First National Trust Co grew its holdings in shares of Charles Schwab by 82.2% during the 3rd quarter. First National Trust Co now owns 89,224 shares of the financial services provider’s stock valued at $8,518,000 after acquiring an additional 40,257 shares in the last quarter. Brookwood Investment Group LLC grew its holdings in shares of Charles Schwab by 192.6% during the 4th quarter. Brookwood Investment Group LLC now owns 12,236 shares of the financial services provider’s stock valued at $1,222,000 after acquiring an additional 8,054 shares in the last quarter. Optimize Financial Inc purchased a new position in shares of Charles Schwab during the 3rd quarter valued at $467,000. King Luther Capital Management Corp lifted its stake in shares of Charles Schwab by 34.4% in the 3rd quarter. King Luther Capital Management Corp now owns 296,409 shares of the financial services provider’s stock valued at $28,298,000 after purchasing an additional 75,820 shares during the last quarter. Finally, Juno Financial Group LLC acquired a new stake in shares of Charles Schwab in the 4th quarter valued at $2,591,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Trending Headlines about Charles Schwab

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

• Positive Sentiment: Schwab’s new 24/7 crypto futures offering could attract more active traders and help the company expand its product suite in a fast-growing market. Charles Schwab debuts 24/7 Bitcoin, Ether, Solana and Ripple futures, targets spot crypto for advisors next year
• Positive Sentiment: Reports that Schwab is expected to extend its Colonial title sponsorship suggest continued brand visibility and marketing support for a long-running event tied to the company name. Charles Schwab expected to extend Colonial title sponsorship
• Neutral Sentiment: Shareholders voted to keep Schwab’s staggered board structure, a governance decision that is unlikely to affect near-term fundamentals but may remain a topic for some investors. Charles Schwab Keeps Staggered Board As Stock Trades Below Analyst Targets
• Neutral Sentiment: Golf coverage around the Charles Schwab Challenge is mostly brand-related and does not appear to materially change the investment outlook for SCHW. Russell Henley wins Charles Schwab Challenge, gets tournament’s traditional custom car

Analyst Ratings Changes

SCHW has been the subject of several analyst reports. Raymond James Financial lifted their price objective on shares of Charles Schwab from $126.00 to $137.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $128.00 price objective on shares of Charles Schwab in a research note on Friday, May 15th. UBS Group reduced their price objective on shares of Charles Schwab from $125.00 to $119.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Jefferies Financial Group reduced their price objective on shares of Charles Schwab from $122.00 to $118.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Finally, Barclays lifted their price objective on shares of Charles Schwab from $117.00 to $127.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $114.30.

Insiders Place Their Bets

In other Charles Schwab news, Director Frank C. Herringer sold 2,520 shares of the company’s stock in a transaction 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. This represents a 1.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nigel J. Murtagh sold 41,297 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $99.00, for a total value of $4,088,403.00. Following the transaction, the insider directly owned 57,972 shares in the company, valued at approximately $5,739,228. This represents a 41.60% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 59,700 shares of company stock valued at $5,889,131. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Performance

NYSE:SCHW opened at $87.51 on Wednesday. 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 capitalization of $152.20 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 0.84 and a beta of 0.77. The firm has a 50-day moving average price of $92.05 and a 200 day moving average price of $95.56.

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

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.28 annualized dividend and a yield of 1.5%. Charles Schwab’s dividend payout ratio is currently 25.40%.

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.