Arizona State Retirement System Has $49.17 Million Stock Position in The Charles Schwab Corporation $SCHW

Key Points

• Arizona State Retirement System trimmed its position in Charles Schwab by 2.4%, now holding 492,113 shares valued at about $49.17 million.
• Charles Schwab beat Q1 estimates with $1.43 EPS and $6.48B revenue (up 15.8% y/y), raised its quarterly dividend to $0.32 (annualized $1.28), and set FY2026 EPS guidance of 5.700–5.800 amid a "Moderate Buy" analyst consensus and $114 average price target.
• Market activity and news are mixed: insiders sold roughly 468,748 shares (~$47.9M) last quarter while institutional ownership is ~84.4%, and company developments include a new crypto trading program but reported limits on RIA tax‑aware strategies that could pressure AUM/fees.

Arizona State Retirement System lessened its stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 492,113 shares of the financial services provider's stock after selling 11,921 shares during the quarter. Arizona State Retirement System's holdings in Charles Schwab were worth $49,167,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of Charles Schwab by 380.5% in the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock valued at $1,794,000 after purchasing an additional 19,195 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Charles Schwab by 21.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,553 shares of the financial services provider's stock valued at $415,000 after purchasing an additional 809 shares during the last quarter. United Bank increased its position in Charles Schwab by 7.1% during the 2nd quarter. United Bank now owns 16,053 shares of the financial services provider's stock worth $1,465,000 after purchasing an additional 1,070 shares in the last quarter. Nebula Research & Development LLC bought a new position in Charles Schwab in the 2nd quarter valued at approximately $552,000. Finally, Main Street Financial Solutions LLC lifted its stake in Charles Schwab by 4.7% in the 2nd quarter. Main Street Financial Solutions LLC now owns 6,828 shares of the financial services provider's stock valued at $623,000 after purchasing an additional 305 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $88.93 on Friday. The stock has a market capitalization of $154.56 billion, a PE ratio of 17.64, a PEG ratio of 0.72 and a beta of 0.90. The business's 50 day simple moving average is $94.20 and its 200 day simple moving average is $96.30. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.62 and a quick ratio of 0.62. The Charles Schwab Corporation has a one year low of $77.51 and a one year high of $107.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last released 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 net margin of 37.99% and a return on equity of 23.03%. The firm had revenue of $6.48 billion during the quarter, compared to analyst estimates of $6.39 billion. During the same quarter last year, the business earned $1.04 EPS. The company's revenue was up 15.8% compared to the same quarter last year. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, research analysts forecast that The Charles Schwab Corporation will post 5.98 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. This is a positive change from Charles Schwab's previous quarterly dividend of $0.27. Charles Schwab's dividend payout ratio (DPR) is presently 25.40%.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Christopher V. Dodds sold 11,825 shares of the business's stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $104.55, for a total value of $1,236,303.75. Following the transaction, the director directly owned 449,406 shares of the company's stock, valued at approximately $46,985,397.30. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 7,941 shares of the firm's stock in a transaction that occurred 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 sale, the insider directly owned 29,866 shares of the company's stock, valued at approximately $2,986,600. This trade represents a 21.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 468,748 shares of company stock worth $47,885,857 over the last quarter. 6.30% of the stock is owned by company insiders.

Charles Schwab News Roundup

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

• Positive Sentiment: Board declares a regular quarterly cash dividend of $0.32 per common share — supports income-oriented investors and signals confidence in cash flow. Schwab Declares Quarterly Common Stock Dividend and Declares Preferred Stock Dividends
• Positive Sentiment: KBW reiterates a Buy rating with a $110 target, highlighting attractive risk/reward and earnings power — adds broker-driven support for the stock. Buy Rating on Charles Schwab Driven by Attractive Risk‑Reward, Strong Earnings Power, and Valuation Upside
• Positive Sentiment: Schwab is rolling out a new crypto trading program — potential to expand product revenue and engage retail/trading clients, though scale and margins remain to be seen. As Charles Schwab Unveils a New Crypto Trading Program, Is SCHW Stock a Buy, Sell, or Hold?
• Neutral Sentiment: Q1 commentary shows strong client engagement (1.3M new brokerage accounts, net new asset inflows, record daily trading volumes) — fundamentals supportive but many items were already reflected in April earnings. 5 Revealing Analyst Questions From Charles Schwab’s Q1 Earnings Call
• Neutral Sentiment: Company filed a new Series L preferred stock — provides capital flexibility; minor implication for common equity depending on issuance size and terms. Charles Schwab Issues New Series L Preferred Stock
• Neutral Sentiment: Opinion pieces and market commentary (retirement planning cautions, broader earnings commentary) are informative but unlikely to move the stock materially on their own. Schwab hits a nerve that will sting every future retiree
• Negative Sentiment: Reports say Schwab has imposed new limits on RIAs using long‑short and tax‑aware separately managed account strategies — could disrupt advisor workflows, reduce certain managed-fee flows, and prompt client/advisor pushback or asset reallocation. This appears to be the primary near‑term negative driver for the stock. Schwab creates new limits to RIAs using long-short, separately managed accounts
• Negative Sentiment: Additional coverage flags Schwab’s new limits on tax-aware strategies — amplifies concerns about advisor access and potential AUM/fee impact. Charles Schwab imposes new limits on tax-aware strategies - report

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SCHW shares. UBS Group decreased their target price on shares of Charles Schwab from $125.00 to $119.00 and set a "buy" rating on the stock in a research note on Wednesday, April 8th. Raymond James Financial reissued an "outperform" rating and set a $114.00 price objective on shares of Charles Schwab in a report on Monday, January 5th. Citigroup restated a "market outperform" rating on shares of Charles Schwab in a research report on Monday, January 12th. JPMorgan Chase & Co. increased their target price on Charles Schwab from $128.00 to $131.00 and gave the company an "overweight" rating in a research report on Friday, April 17th. Finally, Morgan Stanley cut their price target on Charles Schwab from $135.00 to $125.00 and set an "overweight" rating on the stock in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $114.00.

Charles Schwab Company 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.

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