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

Horan Capital Advisors LLC. cut its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mainstream Capital Management LLC grew its position in Charles Schwab by 1.0% in the 4th quarter. Mainstream Capital Management LLC now owns 16,031 shares of the financial services provider’s stock worth $1,186,000 after purchasing an additional 162 shares in the last quarter. Synergy Investment Management LLC bought a new stake in Charles Schwab in the 4th quarter worth about $63,000. Charles Schwab Investment Management Inc. grew its position in Charles Schwab by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,133,490 shares of the financial services provider’s stock worth $601,960,000 after purchasing an additional 239,968 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in Charles Schwab by 6.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 153,108 shares of the financial services provider’s stock worth $11,332,000 after purchasing an additional 9,130 shares in the last quarter. Finally, Unified Investment Management bought a new stake in Charles Schwab in the 4th quarter worth about $615,000. 84.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SCHW. Truist Financial upped their price objective on shares of Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $94.00 price objective (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. UBS Group upped their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods boosted their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Finally, Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Charles Schwab has a consensus rating of “Hold” and an average price target of $86.33.

Insiders Place Their Bets

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

Charles Schwab Stock Performance

Shares of SCHW stock opened at $78.08 on Tuesday. The stock has a market capitalization of $139.08 billion, a P/E ratio of 26.11, a PEG ratio of 0.99 and a beta of 0.99. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm’s 50 day moving average is $78.44 and its 200 day moving average is $73.76. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (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 business had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the prior year, the company posted $0.68 EPS. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, sell-side analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

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

About Charles Schwab

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.