Horan Securities Inc. Takes $27,000 Position in The Charles Schwab Co. (NYSE:SCHW)

Horan Securities Inc. acquired a new position in shares of The Charles Schwab Co. (NYSE:SCHWGet Rating) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 325 shares of the financial services provider’s stock, valued at approximately $27,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Steph & Co. bought a new stake in Charles Schwab in the fourth quarter valued at approximately $25,000. Lloyd Advisory Services LLC. acquired a new position in shares of Charles Schwab in the 4th quarter valued at $29,000. University of Texas Texas AM Investment Managment Co. bought a new stake in shares of Charles Schwab in the 3rd quarter valued at $26,000. Annapolis Financial Services LLC raised its stake in Charles Schwab by 135.5% during the 3rd quarter. Annapolis Financial Services LLC now owns 365 shares of the financial services provider’s stock worth $27,000 after buying an additional 210 shares during the period. Finally, Arlington Partners LLC bought a new position in Charles Schwab during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 87.13% of the company’s stock.

SCHW has been the topic of a number of research analyst reports. The Goldman Sachs Group started coverage on Charles Schwab in a research report on Tuesday, April 26th. They set a “neutral” rating and a $75.00 price target on the stock. JMP Securities cut shares of Charles Schwab from an “outperform” rating to a “market perform” rating in a report on Monday, January 10th. Compass Point upgraded shares of Charles Schwab from a “neutral” rating to a “buy” rating and set a $98.00 price objective on the stock in a report on Tuesday, April 12th. UBS Group reduced their target price on shares of Charles Schwab from $80.00 to $72.00 in a research note on Sunday, April 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Charles Schwab from $114.00 to $111.00 and set a “buy” rating for the company in a report on Tuesday, April 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $94.25.

In other Charles Schwab news, Chairman Charles R. Schwab sold 30,873 shares of the business’s stock in a transaction dated Thursday, February 10th. The shares were sold at an average price of $95.50, for a total value of $2,948,371.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Richard A. Wurster sold 61,423 shares of the stock in a transaction that occurred on Wednesday, February 9th. The stock was sold at an average price of $94.62, for a total transaction of $5,811,844.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 104,169 shares of company stock valued at $7,081,708 and have sold 445,686 shares valued at $40,031,933. Insiders own 7.50% of the company’s stock.

Shares of SCHW opened at $71.36 on Thursday. The company has a market cap of $129.59 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 0.77 and a beta of 1.09. The firm has a 50-day moving average of $80.81 and a 200-day moving average of $83.70. The Charles Schwab Co. has a one year low of $65.73 and a one year high of $96.24. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.41 and a quick ratio of 0.41.

Charles Schwab (NYSE:SCHWGet Rating) last posted its quarterly earnings results on Monday, April 18th. The financial services provider reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.07). Charles Schwab had a return on equity of 13.67% and a net margin of 31.24%. The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the previous year, the business posted $0.84 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. Analysts expect that The Charles Schwab Co. will post 3.88 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Friday, May 13th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.12%. The ex-dividend date is Thursday, May 12th. Charles Schwab’s dividend payout ratio is 28.99%.

Charles Schwab Company Profile (Get Rating)

The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor and mutual fund clearing services, as well as compliance solutions.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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