Allstate Corp Raises Stock Position in The Charles Schwab Corporation $SCHW

Allstate Corp grew its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 106.5% during the fourth quarter, Holdings Channel reports. The firm owned 130,165 shares of the financial services provider’s stock after purchasing an additional 67,135 shares during the quarter. Allstate Corp’s holdings in Charles Schwab were worth $13,005,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dogwood Wealth Management LLC increased its stake in Charles Schwab by 99.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 123 shares during the period. Piscataqua Savings Bank purchased a new stake in Charles Schwab during the fourth quarter worth about $26,000. GoalVest Advisory LLC purchased a new stake in Charles Schwab during the fourth quarter worth about $28,000. Beacon Financial Strategies CORP purchased a new stake in Charles Schwab during the fourth quarter worth about $29,000. Finally, Optima Capital LLC purchased a new stake in Charles Schwab during the fourth quarter worth about $30,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Key Charles Schwab News

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

• Positive Sentiment: CEO Rick Wurster said Schwab is focused on attracting customers through wealth-building services rather than “meme coins” or prediction markets, and he argued the stock deserves a higher valuation. That can support investor optimism about Schwab’s growth strategy and premium potential. Article Title
• Positive Sentiment: Separately, another report highlighted Wurster’s view that Schwab’s stock deserves a higher valuation, reinforcing the message that management believes the company is undervalued relative to its prospects. Article Title
• Neutral Sentiment: Multiple articles about the 2026 Charles Schwab Challenge, including field previews and Brooks Koepka’s withdrawal, are mainly sports sponsorship headlines and are unlikely to have a direct material impact on SCHW shares. Article Title
• Neutral Sentiment: Coverage of Dave Ramsey and Schwab discussing traditional and Roth IRAs is more of a consumer-finance/media mention than a market-moving catalyst for the company. Article Title
• Neutral Sentiment: LPL Financial’s strong April asset growth reflects healthy industry demand for brokerage and advisory services, which is mildly supportive for peers like Schwab but not a direct company-specific catalyst. Article Title

Wall Street Analyst Weigh In

SCHW has been the topic of a number of recent research reports. Raymond James Financial boosted their price target on shares of Charles Schwab from $126.00 to $137.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Truist Financial cut their price target on shares of Charles Schwab from $122.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Weiss Ratings upgraded shares of Charles Schwab from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. TD Cowen boosted their price target on shares of Charles Schwab from $108.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, Piper Sandler upped their target price on shares of Charles Schwab from $103.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Charles Schwab has a consensus rating of “Moderate Buy” and an average price target of $114.30.

Charles Schwab Price Performance

SCHW stock opened at $90.26 on Tuesday. The company has a market capitalization of $156.97 billion, a P/E ratio of 17.91, a PEG ratio of 0.63 and a beta of 0.80. The Charles Schwab Corporation has a twelve month low of $85.76 and a twelve month high of $107.50. The business has a 50 day simple moving average of $92.68 and a 200-day simple moving average of $95.83. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.48.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results 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. Charles Schwab had a return on equity of 23.05% and a net margin of 37.99%.The firm had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $6.39 billion. During the same period last year, the company earned $1.04 earnings per share. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, equities analysts anticipate that The Charles Schwab Corporation will post 6.12 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors 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 dividend yield of 1.4%. Charles Schwab’s dividend payout ratio (DPR) is currently 25.40%.

Insider Buying and Selling

In related news, insider Paul V. Woolway sold 7,941 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $100.00, for a total transaction of $794,100.00. Following the completion of the sale, the insider directly owned 29,866 shares of the company’s stock, valued at $2,986,600. This trade represents a 21.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nigel J. Murtagh sold 41,297 shares of the 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 sale, the insider directly owned 57,972 shares of the company’s stock, valued at approximately $5,739,228. This represents a 41.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 126,924 shares of company stock valued at $12,268,634 in the last ninety days. Company insiders own 6.30% of the company’s stock.

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.