Horan Capital Advisors LLC. Lowers Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Horan Capital Advisors LLC. cut its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,137 shares of the financial services provider’s stock after selling 840 shares during the period. Horan Capital Advisors LLC.’s holdings in Charles Schwab were worth $2,968,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SCHW. Providence Capital Advisors LLC acquired a new position in shares of Charles Schwab during the third quarter worth about $28,000. Sugarloaf Wealth Management LLC raised its stake in shares of Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in shares of Charles Schwab in the 4th quarter valued at approximately $31,000. BluePath Capital Management LLC purchased a new stake in shares of Charles Schwab in the third quarter valued at approximately $34,000. Finally, Hall Laurie J Trustee purchased a new position in Charles Schwab in the fourth quarter worth $34,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 24,520 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total transaction of $1,771,079.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, General Counsel Peter J. Morgan III sold 24,520 shares of Charles Schwab stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $72.23, for a total value of $1,771,079.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 58,500 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $64.60, for a total value of $3,779,100.00. Following the sale, the chairman now owns 61,192,538 shares of the company’s stock, valued at $3,953,037,954.80. The disclosure for this sale can be found here. Insiders sold 514,459 shares of company stock worth $36,371,155 in the last 90 days. 6.60% of the stock is owned by company insiders.

Charles Schwab Price Performance

SCHW stock opened at $76.04 on Friday. The stock has a market capitalization of $135.05 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 1.11 and a beta of 0.98. The stock’s fifty day simple moving average is $70.75 and its 200-day simple moving average is $64.63. The Charles Schwab Co. has a 52-week low of $45.65 and a 52-week high of $76.47. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab’s payout ratio is 41.84%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. TD Cowen upped their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Morgan Stanley lifted their price objective on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Citigroup boosted their target price on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Barclays lifted their price target on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 16th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $74.47.

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.