Bank of New York Mellon Corp Trims Holdings in The Charles Schwab Corporation $SCHW

Bank of New York Mellon Corp reduced its stake in The Charles Schwab Corporation (NYSE:SCHW) by 16.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 11,880,727 shares of the financial services provider’s stock after selling 2,301,405 shares during the quarter. Bank of New York Mellon Corp’s holdings in Charles Schwab were worth $1,134,253,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its holdings in Charles Schwab by 380.5% during the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock valued at $1,794,000 after acquiring an additional 19,195 shares during the period. Sivia Capital Partners LLC lifted its position in shares of Charles Schwab by 21.6% during the second quarter. Sivia Capital Partners LLC now owns 4,553 shares of the financial services provider’s stock worth $415,000 after purchasing an additional 809 shares in the last quarter. Tritonpoint Wealth LLC acquired a new stake in shares of Charles Schwab during the second quarter worth about $245,000. Global Trust Asset Management LLC boosted its stake in shares of Charles Schwab by 2,253.5% in the second quarter. Global Trust Asset Management LLC now owns 1,671 shares of the financial services provider’s stock valued at $152,000 after purchasing an additional 1,600 shares during the period. Finally, GC Wealth Management RIA LLC grew its holdings in shares of Charles Schwab by 197.2% in the second quarter. GC Wealth Management RIA LLC now owns 15,476 shares of the financial services provider’s stock valued at $1,412,000 after purchasing an additional 10,269 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on SCHW shares. UBS Group raised their price target on shares of Charles Schwab from $123.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Barclays lifted their target price on Charles Schwab from $125.00 to $126.00 and gave the company an “overweight” rating in a report on Monday. Wolfe Research set a $120.00 price target on Charles Schwab in a report on Monday, January 12th. JMP Securities reiterated a “market outperform” rating and issued a $110.00 price objective on shares of Charles Schwab in a research note on Friday, October 17th. Finally, TD Cowen upped their target price on shares of Charles Schwab from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. One investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $115.65.

Insider Activity

In other news, insider Jonathan S. Beatty sold 3,072 shares of Charles Schwab stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $98.00, for a total transaction of $301,056.00. Following the sale, the insider owned 11,923 shares in the company, valued at approximately $1,168,454. The trade was a 20.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 7,072 shares of company stock worth $715,076 over the last 90 days. Company insiders own 6.30% of the company’s stock.

Charles Schwab Price Performance

SCHW stock opened at $103.77 on Wednesday. The business has a 50 day moving average price of $98.28 and a 200 day moving average price of $96.08. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.47. The stock has a market cap of $184.40 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 0.83 and a beta of 0.94. The Charles Schwab Corporation has a fifty-two week low of $65.88 and a fifty-two week high of $105.81.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. Charles Schwab had a net margin of 37.01% and a return on equity of 22.07%. The company had revenue of $6.34 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter last year, the company earned $1.01 earnings per share. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Equities research analysts anticipate that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

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.