The Charles Schwab Co. (NYSE:SCHW) Holdings Decreased by Horan Capital Advisors LLC.

Horan Capital Advisors LLC. reduced its holdings in The Charles Schwab Co. (NYSE:SCHW) by 1.3% in the 3rd quarter, Holdings Channel reports. The fund 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 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Country Trust Bank acquired a new stake in Charles Schwab during the second quarter valued at $26,000. Capital Performance Advisors LLP bought a new position in Charles Schwab during the third quarter valued at approximately $25,000. Washington Trust Advisors Inc. grew its position in Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 149 shares in the last quarter. Fortitude Family Office LLC raised its holdings in shares of Charles Schwab by 97.5% during the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. Finally, American Capital Advisory LLC acquired a new stake in shares of Charles Schwab in the 2nd quarter valued at $27,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. The Goldman Sachs Group raised their target price on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods boosted their target price on Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. JMP Securities increased their price target on Charles Schwab from $82.00 to $84.00 and gave the company a “market outperform” rating in a report on Wednesday, October 16th. Citigroup dropped their price target on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday, September 27th. Finally, Bank of America decreased their price objective on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $74.18.

Charles Schwab Trading Up 0.9 %

Shares of SCHW opened at $81.40 on Tuesday. The stock’s 50-day moving average price is $69.10 and its 200 day moving average price is $69.64. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 12-month low of $55.42 and a 12-month high of $82.50. The firm has a market capitalization of $144.86 billion, a price-to-earnings ratio of 31.80, a P/E/G ratio of 1.76 and a beta of 0.96.

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

Charles Schwab Dividend Announcement

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

Insider Buying and Selling

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the sale, the director now directly owns 554,929 shares in the company, valued at approximately $35,543,202.45. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,645 shares of company stock valued at $7,440,627 over the last quarter. Corporate insiders own 6.60% of the company’s stock.

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.