The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 19.4% during the third quarter, Holdings Channel reports. The fund owned 6,623,387 shares of the financial services provider’s stock after selling 1,598,924 shares during the quarter. Janus Henderson Group PLC’s holdings in Charles Schwab were worth $429,263,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SCHW. Country Trust Bank purchased a new position in shares of Charles Schwab during the 2nd quarter valued at approximately $26,000. Capital Performance Advisors LLP acquired a new stake in Charles Schwab in the third quarter valued at $25,000. Washington Trust Advisors Inc. boosted its stake in Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 149 shares during the last quarter. Fortitude Family Office LLC grew its holdings in Charles Schwab by 97.5% during the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 192 shares in the last quarter. Finally, American Capital Advisory LLC bought a new stake in shares of Charles Schwab in the 2nd quarter worth about $27,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling

In other news, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the sale, the insider now owns 18,069 shares in the company, valued at approximately $1,481,838.69. This represents a 11.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nigel J. Murtagh sold 12,739 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the sale, the insider now directly owns 59,092 shares of the company’s stock, valued at approximately $4,796,497.64. This represents a 17.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 127,968 shares of company stock valued at $9,419,271 over the last three months. Company insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW opened at $81.40 on Tuesday. The firm has a market capitalization of $144.86 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 1.79 and a beta of 0.96. The stock’s fifty day moving average is $72.37 and its 200-day moving average is $69.97. The Charles Schwab Co. has a one year low of $59.67 and a one year high of $83.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.77 EPS. Equities analysts anticipate that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.23%. Charles Schwab’s dividend payout ratio is currently 39.06%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Raymond James decreased their price target on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Jefferies Financial Group dropped their price target on Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Bank of America dropped their target price on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a report on Wednesday, October 16th. Finally, Cowen lifted their price target on shares of Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and an average price target of $75.56.

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.