The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Horan Capital Advisors LLC.

Horan Capital Advisors LLC. cut its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 42,050 shares of the financial services provider’s stock after selling 573 shares during the period. Horan Capital Advisors LLC.’s holdings in Charles Schwab were worth $2,725,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHW. Price T Rowe Associates Inc. MD boosted its stake in shares of Charles Schwab by 4.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 72,306,560 shares of the financial services provider’s stock valued at $5,230,657,000 after buying an additional 2,946,327 shares during the last quarter. Darsana Capital Partners LP grew its holdings in Charles Schwab by 200.0% during the 2nd quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock worth $221,070,000 after acquiring an additional 2,000,000 shares in the last quarter. AustralianSuper Pty Ltd increased its position in shares of Charles Schwab by 2,617.6% in the 3rd quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider’s stock worth $110,681,000 after purchasing an additional 1,644,931 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in shares of Charles Schwab by 231.2% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,498,929 shares of the financial services provider’s stock valued at $108,433,000 after purchasing an additional 1,046,322 shares in the last quarter. Finally, Boston Partners lifted its position in shares of Charles Schwab by 21.2% during the first quarter. Boston Partners now owns 5,395,138 shares of the financial services provider’s stock worth $390,856,000 after purchasing an additional 944,048 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In related news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of Charles Schwab stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $72.16, for a total value of $2,150,368.00. Following the transaction, the director now owns 551,329 shares of the company’s stock, valued at approximately $39,783,900.64. This trade represents a 5.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,391,674.38. This represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 103,645 shares of company stock valued at $7,440,627 over the last three months. Company insiders own 6.60% of the company’s stock.

Charles Schwab Trading Up 0.9 %

NYSE:SCHW opened at $81.40 on Tuesday. The Charles Schwab Co. has a 1 year low of $55.42 and a 1 year high of $82.50. The business has a fifty day moving average of $69.10 and a 200-day moving average of $69.64. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market cap of $144.86 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 1.76 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. Charles Schwab’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $0.77 EPS. Equities analysts predict that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. Charles Schwab’s dividend payout ratio (DPR) is 39.06%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays boosted their price objective on Charles Schwab from $64.00 to $74.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Bank of America lowered their price target on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a report on Wednesday, October 16th. Cowen raised their price objective on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Raymond James lowered their target price on shares of Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group reduced their price target on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $74.18.

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.