State Teachers Retirement System of Ohio Reduces Charles Schwab Stake by 4.2%

Strs Ohio cut its ownership stake in The Charles Schwab Corporation by 4.2% in the fourth quarter, according to a Securities and Exchange Commission filing. The pension fund sold 47,577 shares and retained 1,094,742 shares of the financial services provider. At the end of the reporting period, Strs Ohio's remaining position was worth approximately $109.4 million, representing about 0.06% of Schwab's outstanding stock.

The divestment by the Ohio-based pension fund was part of a broader wave of portfolio adjustments by institutional investors in Schwab. Several wealth management and financial advisory firms expanded their positions during the same quarter, though at considerably smaller scale. Lantz Financial LLC grew its stake by 3.1%, Roberts Wealth Advisors LLC by 0.5%, JFS Wealth Advisors LLC by 0.4%, and FSM Wealth Advisors LLC by 4.1%. Together, institutional investors controlled 84.38% of Schwab's stock.

Financial analysts covering the company have issued mixed assessments in recent weeks. UBS Group and Jefferies Financial Group both lowered price targets—from $125 to $119 and from $122 to $118, respectively—while maintaining "buy" ratings. Keefe, Bruyette & Woods initiated coverage with an "outperform" rating and a $110 target price. Across the analyst community, one equities researcher assigned a "Strong Buy" rating, seventeen issued "Buy" ratings, four gave "Hold" ratings, and one issued a "Sell" rating, resulting in an average rating of "Moderate Buy" and an average price target of $114.

Inside the company, executives and directors engaged in significant share sales. Director Christopher V. Dodds sold 11,825 shares in early February at an average price of $104.55, reducing his stake by 2.56%. Dennis Howard, another insider, sold 10,108 shares in March at $94.60 per share, representing a 49.12% reduction in his holdings. Over the preceding ninety days, company insiders collectively sold 471,268 shares valued at approximately $48.1 million. Insiders retain ownership of 6.30% of the company.

Schwab reported quarterly earnings on April 16th, posting earnings per share of $1.43, exceeding consensus estimates of $1.39. Revenue reached $6.48 billion, above analyst expectations of $6.39 billion and up 15.8% year-over-year. The company announced a quarterly dividend of $0.32 per share, payable May 22nd to stockholders of record on May 8th. Schwab guided FY 2026 earnings per share between $5.70 and $5.80.