Employees Retirement System of Texas Has $87.58 Million Stock Holdings in The Charles Schwab Corporation $SCHW

Key Points

• Employees Retirement System of Texas increased its stake in The Charles Schwab Corporation by 16.3% in Q3 to 917,350 shares, worth about $87.58 million (≈0.05% of the company).
• Schwab beat quarterly estimates, reporting $1.39 EPS vs. $1.32 expected and $6.34B revenue (up 18.9% YoY), and set FY2026 guidance of EPS $5.70–$5.80.
• Charles Schwab raised its quarterly dividend to $0.32 ($1.28 annualized, 1.4% yield), while insiders have been net sellers — the chairman sold 162,462 shares and insiders sold 415,568 shares (~$42.6M) in the last 90 days.

Employees Retirement System of Texas grew its holdings in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 16.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 917,350 shares of the financial services provider's stock after purchasing an additional 128,553 shares during the period. Employees Retirement System of Texas owned approximately 0.05% of Charles Schwab worth $87,579,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sei Investments Co. lifted its position in shares of Charles Schwab by 10.4% during the 3rd quarter. Sei Investments Co. now owns 1,706,322 shares of the financial services provider's stock worth $162,901,000 after buying an additional 160,582 shares during the last quarter. Douglass Winthrop Advisors LLC grew its position in Charles Schwab by 28.0% in the third quarter. Douglass Winthrop Advisors LLC now owns 5,574 shares of the financial services provider's stock valued at $532,000 after acquiring an additional 1,218 shares during the last quarter. KLCM Advisors Inc. raised its stake in Charles Schwab by 19.2% during the third quarter. KLCM Advisors Inc. now owns 4,929 shares of the financial services provider's stock worth $471,000 after acquiring an additional 795 shares in the last quarter. Crux Wealth Advisors raised its stake in Charles Schwab by 10.3% during the third quarter. Crux Wealth Advisors now owns 34,666 shares of the financial services provider's stock worth $3,310,000 after acquiring an additional 3,244 shares in the last quarter. Finally, BOKF NA lifted its holdings in shares of Charles Schwab by 19.9% in the third quarter. BOKF NA now owns 59,628 shares of the financial services provider's stock worth $5,693,000 after acquiring an additional 9,876 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Charles Schwab Stock Performance

NYSE SCHW opened at $91.17 on Friday. The company has a market cap of $159.75 billion, a P/E ratio of 19.57, a PEG ratio of 0.75 and a beta of 0.93. The company has a fifty day simple moving average of $99.14 and a 200 day simple moving average of $96.36. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.52. The Charles Schwab Corporation has a 12-month low of $65.88 and a 12-month high of $107.50.

Charles Schwab (NYSE:SCHW - Get Free Report) 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 net margin of 37.01% and a return on equity of 21.97%. The firm had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the prior year, the company posted $1.01 earnings per share. 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 predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a $0.32 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from Charles Schwab's previous quarterly dividend of $0.27. Charles Schwab's dividend payout ratio (DPR) is currently 27.47%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citizens Jmp lifted their price target on Charles Schwab from $110.00 to $120.00 and gave the company a "market outperform" rating in a research note on Monday, January 12th. Raymond James Financial restated an "outperform" rating and set a $114.00 price objective on shares of Charles Schwab in a research report on Monday, January 5th. UBS Group upped their target price on Charles Schwab from $123.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $131.00 price target on shares of Charles Schwab in a research report on Thursday, January 22nd. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Charles Schwab in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Charles Schwab has a consensus rating of "Moderate Buy" and a consensus price target of $115.95.

Insiders Place Their Bets

In other news, Chairman Walter W. Bettinger sold 162,462 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $103.90, for a total value of $16,879,801.80. Following the completion of the sale, the chairman directly owned 529,346 shares of the company's stock, valued at $54,999,049.40. This represents a 23.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Peter J. Morgan III sold 7,595 shares of the firm's stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $104.38, for a total value of $792,766.10. The disclosure for this sale is available in the SEC filing. Insiders have sold 415,568 shares of company stock worth $42,639,058 in the last 90 days. Company insiders own 6.30% of the company's stock.

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.

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