Bank of New York Mellon Corp Sells 2,301,405 Shares of The Charles Schwab Corporation $SCHW

Bank of New York Mellon Corp decreased its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 16.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,880,727 shares of the financial services provider’s stock after selling 2,301,405 shares during the period. Bank of New York Mellon Corp owned about 0.65% of Charles Schwab worth $1,134,253,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of SCHW. Federated Hermes Inc. raised its stake in shares of Charles Schwab by 2,112.7% during the 2nd quarter. Federated Hermes Inc. now owns 181,793 shares of the financial services provider’s stock worth $16,587,000 after buying an additional 173,577 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Charles Schwab by 26.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 190,538 shares of the financial services provider’s stock valued at $17,387,000 after purchasing an additional 40,275 shares in the last quarter. Figure 8 Investment Strategies LLC acquired a new stake in shares of Charles Schwab in the second quarter valued at about $924,000. PFG Investments LLC increased its stake in shares of Charles Schwab by 10.2% during the second quarter. PFG Investments LLC now owns 5,951 shares of the financial services provider’s stock worth $543,000 after purchasing an additional 550 shares in the last quarter. Finally, W.H. Cornerstone Investments Inc. acquired a new position in shares of Charles Schwab during the 2nd quarter worth about $246,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

Charles Schwab stock opened at $103.77 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $98.28 and a 200 day moving average price of $96.08. The Charles Schwab Corporation has a 12-month low of $65.88 and a 12-month high of $105.81. The stock has a market cap of $184.40 billion, a P/E ratio of 22.27, a PEG ratio of 0.83 and a beta of 0.94.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. UBS Group lifted their price objective on Charles Schwab from $123.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Bank of America lifted their price target on Charles Schwab from $88.00 to $91.00 and gave the stock an “underperform” rating in a research note on Wednesday, December 10th. The Goldman Sachs Group reissued a “buy” rating and issued a $114.00 price objective on shares of Charles Schwab in a research note on Friday, October 17th. JMP Securities reaffirmed 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, Morgan Stanley upped their target price on shares of Charles Schwab from $139.00 to $148.00 and gave the stock an “overweight” rating in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Charles Schwab has a consensus rating of “Moderate Buy” and an average price target of $115.65.

Insider Buying and Selling

In other news, insider Jonathan S. Beatty sold 2,000 shares of the company’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $105.00, for a total value of $210,000.00. Following the transaction, the insider owned 21,768 shares of the company’s stock, valued at $2,285,640. This represents a 8.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 7,072 shares of company stock valued at $715,076 in the last quarter. 6.30% of the stock is owned by insiders.

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.