Illinois Municipal Retirement Fund Acquires 29,260 Shares of The Charles Schwab Corporation $SCHW

Illinois Municipal Retirement Fund grew its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 39.3% during the 1st quarter, HoldingsChannel reports. The fund owned 103,657 shares of the financial services provider’s stock after buying an additional 29,260 shares during the period. Illinois Municipal Retirement Fund’s holdings in Charles Schwab were worth $9,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Providence Wealth Advisors LLC grew its position in shares of Charles Schwab by 0.8% in the first quarter. Providence Wealth Advisors LLC now owns 17,699 shares of the financial services provider’s stock valued at $1,646,000 after purchasing an additional 141 shares in the last quarter. Ethos Financial Group LLC raised its stake in shares of Charles Schwab by 13.5% during the 1st quarter. Ethos Financial Group LLC now owns 9,612 shares of the financial services provider’s stock valued at $903,000 after purchasing an additional 1,147 shares during the period. Sanctuary Advisors LLC lifted its holdings in Charles Schwab by 9.7% during the 1st quarter. Sanctuary Advisors LLC now owns 200,894 shares of the financial services provider’s stock worth $18,880,000 after purchasing an additional 17,810 shares in the last quarter. Sigma Planning Corp lifted its holdings in Charles Schwab by 130.9% during the 1st quarter. Sigma Planning Corp now owns 18,521 shares of the financial services provider’s stock worth $1,741,000 after purchasing an additional 10,501 shares in the last quarter. Finally, Cornerstone Advisory LLC boosted its stake in Charles Schwab by 12.9% in the 1st quarter. Cornerstone Advisory LLC now owns 3,676 shares of the financial services provider’s stock worth $346,000 after purchasing an additional 419 shares during the period. 84.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SCHW has been the subject of a number of recent analyst reports. Argus set a $108.00 target price on Charles Schwab in a report on Monday, April 20th. Keefe, Bruyette & Woods began coverage on shares of Charles Schwab in a report on Wednesday, April 8th. They issued an “outperform” rating and a $110.00 price target on the stock. Raymond James Financial raised their price objective on shares of Charles Schwab from $126.00 to $137.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Jefferies Financial Group decreased their target price on shares of Charles Schwab from $122.00 to $118.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Finally, TD Cowen increased their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $116.68.

More Charles Schwab News

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

• Positive Sentiment: Analysts have become more upbeat on Schwab’s upcoming Q2 results, with the most accurate earnings estimate now above the consensus ahead of the July 21 report, suggesting a better-than-expected quarter may be possible.
• Positive Sentiment: Coverage around the earnings preview points to stronger trading revenue, higher net interest revenue, and rising asset management fees, all of which could support earnings growth if client activity remains firm.
• Positive Sentiment: A separate valuation-focused article said SCHW still looks reasonably cheap versus its estimated intrinsic value, with some models implying upside if earnings continue to improve.
• Neutral Sentiment: Schwab’s annual RIA survey highlighted that client firms still face organic growth and hiring challenges, which is useful context for the wealth-management backdrop but not a direct near-term catalyst for the stock.
• Neutral Sentiment: One article revisited the company’s Q2 performance expectations and key metrics, keeping focus on the upcoming earnings release rather than introducing a new business development.
• Neutral Sentiment: A Bloomberg piece about the drop in microcap IPOs after regulatory crackdowns reflects a broader market and regulatory trend, but it does not appear to materially affect Schwab’s fundamentals directly.

Insider Buying and Selling

In other Charles Schwab news, Director Frank C. Herringer sold 2,520 shares of Charles Schwab stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $90.60, for a total transaction of $228,312.00. Following the transaction, the director directly owned 177,508 shares of the company’s stock, valued at approximately $16,082,224.80. This trade represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan S. Beatty sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $100.01, for a total transaction of $200,020.00. Following the completion of the sale, the insider owned 13,738 shares of the company’s stock, valued at approximately $1,373,937.38. The trade was a 12.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,520 shares of company stock valued at $622,392 in the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Down 0.0%

SCHW opened at $102.75 on Friday. The stock has a market cap of $178.70 billion, a PE ratio of 20.39, a P/E/G ratio of 0.86 and a beta of 0.77. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.48. The Charles Schwab Corporation has a 52 week low of $83.96 and a 52 week high of $107.50. The business’s fifty day simple moving average is $92.51 and its 200 day simple moving average is $95.32.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.43 earnings per share (EPS) 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 analyst estimates of $6.39 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. The company’s revenue was up 15.8% compared to the same quarter last year. As a group, research analysts expect that The Charles Schwab Corporation will post 6.24 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, May 8th. Charles Schwab’s dividend payout ratio (DPR) is currently 25.40%.

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.