Teacher Retirement System of Texas Has $29.47 Million Stock Holdings in The Charles Schwab Corporation (NYSE:SCHW)

Teacher Retirement System of Texas raised its stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 298.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 376,425 shares of the financial services provider's stock after buying an additional 282,013 shares during the period. Teacher Retirement System of Texas' holdings in Charles Schwab were worth $29,467,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of SCHW. Atwood & Palmer Inc. acquired a new position in Charles Schwab during the first quarter valued at $25,000. Westside Investment Management Inc. grew its stake in Charles Schwab by 75.0% during the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 150 shares in the last quarter. WFA Asset Management Corp acquired a new position in shares of Charles Schwab in the 1st quarter valued at about $33,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Charles Schwab in the fourth quarter worth approximately $38,000. Finally, Beacon Capital Management LLC boosted its holdings in shares of Charles Schwab by 53.1% during the first quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock worth $38,000 after purchasing an additional 169 shares during the period. Institutional investors and hedge funds own 84.38% of the company's stock.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Jonathan M. Craig sold 47,500 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total value of $4,201,850.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total transaction of $889,280.64. The disclosure for this sale can be found here. Insiders have sold a total of 119,905 shares of company stock valued at $10,530,833 in the last three months. 6.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SCHW. Citigroup upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and increased their target price for the stock from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods upped their price target on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 22nd. Piper Sandler lifted their price objective on Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. The Goldman Sachs Group upgraded Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a research note on Friday, April 25th. Finally, Redburn Atlantic raised Charles Schwab from a "sell" rating to a "neutral" rating and raised their price target for the stock from $65.00 to $82.00 in a research note on Monday, June 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, Charles Schwab presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.40.

Charles Schwab Stock Performance

Charles Schwab stock traded down $0.14 on Friday, reaching $91.20. 5,765,549 shares of the stock were exchanged, compared to its average volume of 9,546,720. The stock has a market cap of $165.71 billion, a PE ratio of 27.64, a PEG ratio of 0.98 and a beta of 0.93. The firm has a fifty day moving average price of $87.44 and a two-hundred day moving average price of $80.78. The Charles Schwab Corporation has a twelve month low of $61.01 and a twelve month high of $92.15. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. During the same quarter last year, the firm posted $0.74 EPS. Sell-side analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.18%. Charles Schwab's payout ratio is 32.73%.

Charles Schwab Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.