AustralianSuper Pty Ltd Trims Stake in The Charles Schwab Corporation $SCHW

AustralianSuper Pty Ltd lessened its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 15.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,074,510 shares of the financial services provider’s stock after selling 202,060 shares during the period. AustralianSuper Pty Ltd owned 0.06% of Charles Schwab worth $102,583,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Princeton Global Asset Management LLC bought a new stake in Charles Schwab during the second quarter valued at approximately $25,000. RMG Wealth Management LLC purchased a new stake in Charles Schwab during the second quarter valued at about $27,000. West Branch Capital LLC bought a new stake in Charles Schwab during the third quarter worth about $27,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Charles Schwab in the 2nd quarter worth about $32,000. Finally, Hoese & Co LLP increased its position in shares of Charles Schwab by 131.6% during the 2nd quarter. Hoese & Co LLP now owns 352 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 200 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,000 shares of the business’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the transaction, the insider directly owned 21,768 shares of the company’s stock, valued at approximately $2,285,640. The trade was a 8.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 7,072 shares of company stock valued at $715,076 in the last quarter. Insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Raymond James Financial reaffirmed an “outperform” rating and issued a $114.00 target price on shares of Charles Schwab in a research note on Monday, January 5th. BMO Capital Markets assumed coverage on shares of Charles Schwab in a report on Friday, October 3rd. They set an “outperform” rating and a $110.00 target price on the stock. Wolfe Research set a $120.00 target price on shares of Charles Schwab in a research report on Monday, January 12th. The Goldman Sachs Group restated a “buy” rating and set a $114.00 price target on shares of Charles Schwab in a research report on Friday, October 17th. Finally, Piper Sandler lifted their price objective on Charles Schwab from $100.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.65.

Charles Schwab Stock Down 0.2%

NYSE SCHW opened at $103.49 on Thursday. The Charles Schwab Corporation has a 1 year low of $65.88 and a 1 year high of $105.81. The stock has a market capitalization of $183.90 billion, a PE ratio of 22.21, a PEG ratio of 0.84 and a beta of 0.94. 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 business’s 50-day moving average is $98.50 and its 200 day moving average is $96.13.

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 the consensus estimate of $1.32 by $0.07. Charles Schwab had a return on equity of 22.07% and a net margin of 37.01%.The business had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter last year, the business posted $1.01 EPS. The business’s revenue was up 18.9% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Sell-side analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

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.