Teacher Retirement System of Texas Buys 170,773 Shares of The Charles Schwab Corporation $SCHW

Teacher Retirement System of Texas lifted its stake in The Charles Schwab Corporation (NYSE:SCHW) by 34.5% during the third quarter, Holdings Channel reports. The fund owned 665,805 shares of the financial services provider’s stock after acquiring an additional 170,773 shares during the quarter. Teacher Retirement System of Texas’ holdings in Charles Schwab were worth $63,564,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. ZWJ Investment Counsel Inc. lifted its stake in shares of Charles Schwab by 4.6% in the third quarter. ZWJ Investment Counsel Inc. now owns 2,390 shares of the financial services provider’s stock worth $228,000 after buying an additional 106 shares during the last quarter. Bryn Mawr Trust Advisors LLC boosted its holdings in Charles Schwab by 2.0% during the second quarter. Bryn Mawr Trust Advisors LLC now owns 5,489 shares of the financial services provider’s stock valued at $501,000 after acquiring an additional 107 shares during the period. Nicolet Bankshares Inc. grew its position in shares of Charles Schwab by 0.8% in the second quarter. Nicolet Bankshares Inc. now owns 13,049 shares of the financial services provider’s stock valued at $1,191,000 after purchasing an additional 107 shares during the last quarter. First PREMIER Bank increased its stake in shares of Charles Schwab by 23.8% in the third quarter. First PREMIER Bank now owns 557 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 107 shares during the period. Finally, Harfst & Associates Inc. lifted its position in shares of Charles Schwab by 0.3% during the 3rd quarter. Harfst & Associates Inc. now owns 33,724 shares of the financial services provider’s stock worth $3,220,000 after purchasing an additional 107 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 2.2%

Shares of SCHW stock opened at $104.07 on Friday. The Charles Schwab Corporation has a one year low of $65.88 and a one year high of $105.81. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a fifty day moving average price of $97.68 and a 200 day moving average price of $95.81. The stock has a market cap of $184.93 billion, a P/E ratio of 22.33, a price-to-earnings-growth ratio of 0.69 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, topping analysts’ consensus estimates of $1.32 by $0.07. The company had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $6.19 billion. Charles Schwab had a net margin of 37.01% and a return on equity of 22.07%. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period last year, the firm earned $1.01 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,000 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $102.01, for a total value of $204,020.00. Following the completion of the transaction, the insider directly owned 11,923 shares of the company’s stock, valued at approximately $1,216,265.23. This represents a 14.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $114.00 target price on shares of Charles Schwab in a report on Friday, October 17th. Raymond James Financial reissued an “outperform” rating and issued a $114.00 price objective on shares of Charles Schwab in a research report on Monday, January 5th. Barclays boosted their target price on shares of Charles Schwab from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday. JMP Securities reiterated a “market outperform” rating and set a $110.00 target price on shares of Charles Schwab in a research note on Friday, October 17th. Finally, Wolfe Research set a $120.00 price target on shares of Charles Schwab in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.60.

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.