Johnson Financial Group Inc. Sells 6,080 Shares of The Charles Schwab Co. (NYSE:SCHW)

Johnson Financial Group Inc. reduced its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 34.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,583 shares of the financial services provider's stock after selling 6,080 shares during the quarter. Johnson Financial Group Inc.'s holdings in Charles Schwab were worth $857,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Gladstone Institutional Advisory LLC boosted its position in Charles Schwab by 2.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider's stock valued at $462,000 after buying an additional 124 shares during the last quarter. N.E.W. Advisory Services LLC boosted its holdings in 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 last quarter. Klingman & Associates LLC increased its position in Charles Schwab by 3.2% in the fourth quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock worth $302,000 after purchasing an additional 125 shares during the period. Investors Asset Management of Georgia Inc. GA ADV increased its position in Charles Schwab by 2.7% in 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 purchasing an additional 127 shares during the period. Finally, Personal CFO Solutions LLC raised its holdings 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 worth $832,000 after purchasing an additional 130 shares during the last quarter. 84.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Piper Sandler raised their target price on shares of Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Truist Financial reduced their price objective on shares of Charles Schwab from $85.00 to $84.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Morgan Stanley upgraded shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and set a $76.00 target price for the company in a research report on Tuesday, April 8th. Citigroup upgraded Charles Schwab from a "neutral" rating to a "buy" rating and raised their price target for the stock from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Finally, UBS Group upped their price objective on Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Charles Schwab presently has an average rating of "Moderate Buy" and an average price target of $87.22.

Insider Transactions at Charles Schwab

In other news, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the sale, the insider now owns 57,818 shares of the company's stock, valued at approximately $4,586,123.76. This represents a 5.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of the business's 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 transaction, the chairman now owns 827,377 shares in the company, valued at approximately $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 sold 493,482 shares of company stock valued at $40,288,720 in the last ninety days. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Trading Up 0.7 %

Shares of NYSE:SCHW opened at $79.96 on Friday. The firm has a market cap of $145.01 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 0.99 and a beta of 0.91. 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 $61.01 and a 12 month high of $84.50. The company's fifty day simple moving average is $76.82 and its 200 day simple moving average is $77.03.

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

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is currently 32.73%.

Charles Schwab Company 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.

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