State of Michigan Retirement System Sells 24,200 Shares of The Charles Schwab Corporation $SCHW

Key Points

• State of Michigan Retirement System trimmed its stake in Charles Schwab by 5.2% in Q4, selling 24,200 shares and leaving it with 437,266 shares valued at about $43.69 million.
• Significant insider selling has occurred recently — Chairman Walter W. Bettinger sold 162,462 shares (~$16.9M) and insiders have sold 468,748 shares (~$47.9M) in the past 90 days, leaving insiders with roughly 6.3% ownership.
• Operational and shareholder updates: Schwab beat Q1 estimates (EPS $1.43 vs. $1.39; revenue $6.48B vs. $6.39B), set FY26 EPS guidance of 5.700–5.800, and declared a $0.32 quarterly dividend (1.4% yield; ex-dividend May 8).

State of Michigan Retirement System trimmed its stake in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 437,266 shares of the financial services provider's stock after selling 24,200 shares during the period. State of Michigan Retirement System's holdings in Charles Schwab were worth $43,687,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SCHW. Lantz Financial LLC increased its holdings in Charles Schwab by 3.1% during the 4th quarter. Lantz Financial LLC now owns 3,243 shares of the financial services provider's stock worth $324,000 after purchasing an additional 99 shares in the last quarter. Roberts Wealth Advisors LLC lifted its holdings in shares of Charles Schwab by 0.5% in the fourth quarter. Roberts Wealth Advisors LLC now owns 22,961 shares of the financial services provider's stock valued at $2,294,000 after purchasing an additional 105 shares in the last quarter. Harfst & Associates Inc. lifted its holdings in shares of Charles Schwab by 0.3% in the third quarter. Harfst & Associates Inc. now owns 33,724 shares of the financial services provider's stock valued at $3,220,000 after purchasing an additional 107 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in shares of Charles Schwab by 0.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 24,626 shares of the financial services provider's stock worth $2,460,000 after buying an additional 107 shares during the period. Finally, FSM Wealth Advisors LLC boosted its position in shares of Charles Schwab by 4.1% during the fourth quarter. FSM Wealth Advisors LLC now owns 2,688 shares of the financial services provider's stock worth $269,000 after buying an additional 107 shares during the period. 84.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Chairman Walter W. Bettinger sold 162,462 shares of the business's stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $103.90, for a total transaction of $16,879,801.80. Following the transaction, the chairman directly owned 529,346 shares in the company, valued at approximately $54,999,049.40. The trade was a 23.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nigel J. Murtagh sold 41,297 shares of the company's stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $99.00, for a total transaction of $4,088,403.00. Following the sale, the insider directly owned 57,972 shares in the company, valued at $5,739,228. This trade represents a 41.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 468,748 shares of company stock valued at $47,885,857 in the last ninety days. 6.30% of the stock is currently owned by insiders.

Charles Schwab Price Performance

NYSE:SCHW opened at $88.53 on Monday. The Charles Schwab Corporation has a 52-week low of $79.30 and a 52-week high of $107.50. The company has a market cap of $153.87 billion, a P/E ratio of 17.57, a P/E/G ratio of 0.70 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.62 and a current ratio of 0.62. The stock's 50-day simple moving average is $94.10 and its 200 day simple moving average is $96.30.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.39 by $0.04. The firm had revenue of $6.48 billion during the quarter, compared to analysts' expectations of $6.39 billion. Charles Schwab had a return on equity of 23.03% and a net margin of 37.99%.The business's quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, sell-side analysts forecast that The Charles Schwab Corporation will post 5.98 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, May 8th. Charles Schwab's dividend payout ratio is presently 25.40%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SCHW. UBS Group dropped their target price on Charles Schwab from $125.00 to $119.00 and set a "buy" rating on the stock in a research report on Wednesday, April 8th. Jefferies Financial Group cut their target price on Charles Schwab from $122.00 to $118.00 and set a "buy" rating on the stock in a research note on Monday, April 6th. Raymond James Financial reaffirmed an "outperform" rating and set a $114.00 price target on shares of Charles Schwab in a research report on Monday, January 5th. Citigroup reaffirmed a "market outperform" rating on shares of Charles Schwab in a research note on Monday, January 12th. Finally, Argus set a $108.00 price objective on shares of Charles Schwab in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $114.00.

Key Headlines Impacting Charles Schwab

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

• Positive Sentiment: Schwab rolled out crypto access to roughly 38 million brokerage accounts, widening product availability and giving the firm another avenue to boost client engagement, trading activity and fee-related revenue over time. Schwab brings crypto to 38M users; North Korea 'simply' to blame for recent DeFi hacks
• Positive Sentiment: The board declared a $0.32 quarterly common dividend (1.4% yield), reinforcing capital return to shareholders and supporting income-focused investor demand; ex-dividend date is May 8. Schwab Declares Quarterly Common Stock Dividend and Declares Preferred Stock Dividends
• Positive Sentiment: Schwab published content explaining professional risk-management tools — messaging that may help attract or retain higher‑value clients by highlighting portfolio and risk-management capabilities. Schwab breaks down the edge pros use to tame market risk
• Neutral Sentiment: Quarterly results and the Q1 call showed continued client engagement and net new asset inflows (management commentary and analyst questions suggest solid operating momentum), supporting Schwab’s FY26 EPS guide. 5 Revealing Analyst Questions From Charles Schwab’s Q1 Earnings Call
• Neutral Sentiment: Schwab established a new Series L preferred stock via filing — a capital-management move that can support liquidity and regulatory ratios but may be perceived as modestly dilutive/complex by some investors. Charles Schwab Issues New Series L Preferred Stock
• Negative Sentiment: Schwab imposed new limits on RIAs using long-short separately managed and certain tax-aware strategies, which could restrict product use by advisory clients and potentially reduce fee revenue or client flows for some advisors. This item has attracted press coverage and may weigh on asset-gathering sentiment. Schwab creates new limits to RIAs using long-short, separately managed accounts

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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