Geode Capital Management LLC Has $3.75 Billion Stock Position in The Charles Schwab Corporation $SCHW

Key Points

• Geode Capital Management increased its Charles Schwab stake slightly in the fourth quarter, ending with 37.7 million shares valued at about $3.75 billion, or roughly 2.12% of the company.
• Charles Schwab reported better-than-expected quarterly results, with EPS of $1.43 beating estimates and revenue of $6.48 billion topping forecasts. Revenue also rose 15.8% year over year, and the company reiterated FY 2026 EPS guidance of 5.70 to 5.80.
• The stock has seen heavy institutional ownership and mixed market signals: major funds added to positions, but insiders sold shares and analysts’ consensus remains a Moderate Buy with an average price target of $114.30.

Geode Capital Management LLC lifted its stake in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,667,640 shares of the financial services provider's stock after buying an additional 98,242 shares during the period. Geode Capital Management LLC owned about 2.12% of Charles Schwab worth $3,747,646,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Charles Schwab by 0.3% during the third quarter. Vanguard Group Inc. now owns 151,585,214 shares of the financial services provider's stock worth $14,471,840,000 after buying an additional 403,133 shares in the last quarter. State Street Corp grew its stake in shares of Charles Schwab by 1.0% in the third quarter. State Street Corp now owns 73,156,290 shares of the financial services provider's stock worth $6,984,231,000 after purchasing an additional 691,671 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Charles Schwab by 0.8% in the fourth quarter. Fisher Asset Management LLC now owns 21,818,514 shares of the financial services provider's stock worth $2,179,888,000 after purchasing an additional 171,926 shares during the last quarter. Primecap Management Co. CA grew its stake in shares of Charles Schwab by 11.4% in the third quarter. Primecap Management Co. CA now owns 21,209,187 shares of the financial services provider's stock worth $2,024,841,000 after purchasing an additional 2,174,381 shares during the last quarter. Finally, Viking Global Investors LP grew its stake in shares of Charles Schwab by 5.1% in the third quarter. Viking Global Investors LP now owns 16,583,101 shares of the financial services provider's stock worth $1,583,189,000 after purchasing an additional 809,876 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Price Performance

SCHW stock opened at $85.63 on Thursday. The stock has a market capitalization of $148.93 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 0.61 and a beta of 0.80. The company's 50-day moving average is $92.44 and its 200-day moving average is $95.74. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.62 and a quick ratio of 0.62. The Charles Schwab Corporation has a 1 year low of $84.72 and a 1 year high of $107.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.04. The company had revenue of $6.48 billion for the quarter, compared to analysts' expectations of $6.39 billion. Charles Schwab had a net margin of 37.99% and a return on equity of 23.05%. The business's revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 EPS. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Equities research analysts expect that The Charles Schwab Corporation will post 6.12 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, May 8th. Charles Schwab's dividend payout ratio is 25.40%.

Insider Activity at Charles Schwab

In other news, insider Dennis Howard sold 10,108 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $94.60, for a total transaction of $956,216.80. Following the transaction, the insider owned 10,470 shares of the company's stock, valued at $990,462. This represents a 49.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frank C. Herringer sold 2,520 shares of the company's stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $90.60, for a total transaction of $228,312.00. Following the completion of the sale, the director owned 177,508 shares in the company, valued at $16,082,224.80. This represents a 1.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 99,021 shares of company stock worth $9,617,291 over the last quarter. Company insiders own 6.30% of the company's stock.

Analyst Upgrades and Downgrades

SCHW has been the topic of several analyst reports. Piper Sandler boosted their price objective on shares of Charles Schwab from $103.00 to $105.00 and gave the stock a "neutral" rating in a research note on Friday, May 15th. Weiss Ratings raised shares of Charles Schwab from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 23rd. Jefferies Financial Group reduced their price objective on shares of Charles Schwab from $122.00 to $118.00 and set a "buy" rating on the stock in a research note on Monday, April 6th. TD Cowen boosted their price objective 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $128.00 price target on shares of Charles Schwab in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $114.30.

Charles Schwab News Roundup

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

• Positive Sentiment: Schwab’s foundation announced new Schwab Moneywise Momentum Grants, part of a broader $20 million commitment to financial education, which supports the firm’s brand and long-term customer engagement. Charles Schwab Foundation Launches Schwab Moneywise Momentum Grants as Part of a $20 Million Multi-Year Commitment to Financial Education
• Neutral Sentiment: Multiple articles highlighted Schwab’s sponsorship of the Charles Schwab Challenge golf tournament, which is largely promotional coverage and unlikely to move earnings expectations by itself. 2026 Charles Schwab Challenge TV schedule, coverage: Where to watch PGA Tour's annual stop at Colonial
• Neutral Sentiment: Schwab investment experts said municipal bonds can make sense in taxable accounts, reinforcing its wealth-management and fixed-income advice platform, but this is more educational than immediately market-moving. “Municipal Bonds Belong in Taxable Accounts,” Say Charles Schwab Investment Experts
• Negative Sentiment: Investor sentiment may be weighing on SCHW after reports of new senior debt issuance and continued insider selling, including recent transactions by Charles R. Schwab, which can raise concerns about funding costs and near-term confidence. Charles Schwab slips 3.2% as investors digest new debt issuance and recent insider selling
• Negative Sentiment: Broader market commentary also noted SCHW’s recent mixed share performance, with the stock still below recent moving averages, which suggests traders remain cautious despite solid fundamentals. A Look At Charles Schwab’s (SCHW) Valuation After Recent Mixed Share Price Performance

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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