Goldman Sachs Upgrades Charles Schwab Preferred Stock to Buy
Fintel reports that on April 25, 2025, Goldman Sachs upgraded its outlook for Charles Schwab Corporation – Preferred Stock (NYSE:SCHW.PRJ) from Neutral to Buy.
Fund Sentiment Overview
Currently, 24 funds and institutions are reporting positions in Charles Schwab Corporation – Preferred Stock, an increase of 3 owners or 14.29% from the previous quarter. The average portfolio weight of all funds dedicated to SCHW.PRJ is 0.36%, reflecting a 17.56% rise. However, the total shares held by institutions decreased by 0.62% over the last three months to 5,185K shares.
Institutional Holdings Changes
The following are notable changes in institutional holdings of SCHW.PRJ:
- PFF – iShares Preferred and Income Securities ETF: Holds 2,231K shares, down from 2,310K shares, indicating a decrease of 3.53%. The firm’s portfolio allocation in SCHW.PRJ decreased by 10.40% last quarter.
- PGX – Invesco Preferred ETF: Holds 971K shares, down from 976K shares, representing a decrease of 0.47%. The firm’s allocation in SCHW.PRJ decreased by 3.91% last quarter.
- PFFD – Global X U.S. Preferred ETF: Holds 479K shares, up from 475K shares, showing a small increase of 0.75%. Nevertheless, the firm reduced its allocation in SCHW.PRJ by 1.86% in the last quarter.
- PGF – Invesco Financial Preferred ETF: Holds 471K shares, up from 463K shares, with a gain of 1.63%. The firm increased its portfolio allocation in SCHW.PRJ by 4.65% last quarter.
- PSK – SPDR Wells Fargo Preferred Stock ETF: Holds 308K shares, up from 303K shares, representing an increase of 1.61%. However, the firm decreased its portfolio allocation in SCHW.PRJ by 5.01% last quarter.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
