Janus Henderson Group PLC Has $479.80 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Janus Henderson Group PLC trimmed its position in The Charles Schwab Co. (NYSE:SCHW) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,482,921 shares of the financial services provider’s stock after selling 140,466 shares during the quarter. Janus Henderson Group PLC owned about 0.36% of Charles Schwab worth $479,801,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of SCHW. Gladstone Institutional Advisory LLC boosted its stake in Charles Schwab by 2.0% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider’s stock valued at $462,000 after purchasing an additional 124 shares during the period. N.E.W. Advisory Services LLC boosted its position in shares of Charles Schwab by 1.7% in the fourth quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock valued at $557,000 after acquiring an additional 125 shares during the period. Klingman & Associates LLC increased its position in Charles Schwab by 3.2% during the fourth quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 125 shares during the period. Investors Asset Management of Georgia Inc. GA ADV increased its position in Charles Schwab by 2.7% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 127 shares during the period. Finally, Personal CFO Solutions LLC raised its stake in Charles Schwab by 1.2% during the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider’s stock valued at $832,000 after purchasing an additional 130 shares during the last quarter. 84.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on SCHW shares. The Goldman Sachs Group raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Friday, April 25th. Piper Sandler upped their price target on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. UBS Group lifted their price objective on Charles Schwab from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft upped their target price on Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company lowered their price target on shares of Charles Schwab from $93.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Charles Schwab currently has a consensus rating of “Moderate Buy” and an average price target of $87.22.

Charles Schwab Stock Up 0.2 %

Shares of NYSE SCHW opened at $84.53 on Friday. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $85.19. The firm’s 50-day simple moving average is $77.48 and its 200 day simple moving average is $77.89. 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 company has a market cap of $153.30 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.46 billion. During the same period in the prior year, the firm earned $0.74 earnings per share. On average, research analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.28%. Charles Schwab’s payout ratio is currently 32.73%.

Insider Activity

In other news, Director Frank C. Herringer sold 3,592 shares of the firm’s stock in a transaction on Monday, April 21st. The stock was sold at an average price of $74.26, for a total value of $266,741.92. Following the transaction, the director now directly owns 172,162 shares in the company, valued at $12,784,750.12. This trade represents a 2.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the transaction, the chairman now owns 827,377 shares of the company’s stock, valued at $67,770,450.07. The trade was a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 503,041 shares of company stock valued at $41,072,558 over the last 90 days. 6.30% of the stock is owned by company insiders.

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.