Horan Capital Advisors LLC. Sells 389 Shares of The Charles Schwab Co. (NYSE:SCHW)

Horan Capital Advisors LLC. lowered its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 41,661 shares of the financial services provider’s stock after selling 389 shares during the period. Horan Capital Advisors LLC.’s holdings in Charles Schwab were worth $3,083,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its position in Charles Schwab by 2.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 27,350 shares of the financial services provider’s stock valued at $1,773,000 after buying an additional 751 shares during the period. Pure Financial Advisors LLC boosted its position in Charles Schwab by 12.8% during the 3rd quarter. Pure Financial Advisors LLC now owns 5,480 shares of the financial services provider’s stock valued at $355,000 after buying an additional 622 shares during the period. BSW Wealth Partners boosted its position in Charles Schwab by 29.8% during the 3rd quarter. BSW Wealth Partners now owns 5,847 shares of the financial services provider’s stock valued at $379,000 after buying an additional 1,344 shares during the period. TrueWealth Advisors LLC purchased a new stake in Charles Schwab during the 3rd quarter valued at $213,000. Finally, KG&L Capital Management LLC purchased a new stake in Charles Schwab during the 3rd quarter valued at $587,000. Institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the sale, the chairman now owns 827,377 shares in the company, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 487,820 shares of company stock valued at $39,938,849. 6.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SCHW shares. Redburn Partners dropped their price target on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research report on Friday, January 17th. Barclays increased their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. JMP Securities reaffirmed a “market outperform” rating and issued a $94.00 target price (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Wells Fargo & Company raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods raised their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Charles Schwab has a consensus rating of “Hold” and a consensus target price of $86.33.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $78.08 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $84.50. The company has a market capitalization of $139.08 billion, a P/E ratio of 26.11, a P/E/G ratio of 0.99 and a beta of 0.99. The firm’s 50 day simple moving average is $78.44 and its two-hundred day simple moving average is $73.76.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. Research analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Friday, February 14th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s payout ratio is 36.12%.

Charles Schwab Company 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.