Johnson Financial Group Inc. Sells 2,158 Shares of The Charles Schwab Co. (NYSE:SCHW)

Johnson Financial Group Inc. lowered its position in The Charles Schwab Co. (NYSE:SCHW) by 8.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,135 shares of the financial services provider’s stock after selling 2,158 shares during the quarter. Johnson Financial Group Inc.’s holdings in Charles Schwab were worth $1,660,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Courier Capital LLC increased its holdings in shares of Charles Schwab by 0.4% in the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock worth $3,133,000 after purchasing an additional 161 shares during the period. Sugarloaf Wealth Management LLC increased its holdings in shares of Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 165 shares during the period. Manchester Capital Management LLC increased its holdings in shares of Charles Schwab by 16.7% in the fourth quarter. Manchester Capital Management LLC now owns 1,190 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 170 shares during the period. Red Spruce Capital LLC increased its holdings in shares of Charles Schwab by 0.4% in the fourth quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider’s stock worth $2,880,000 after purchasing an additional 172 shares during the period. Finally, Uncommon Cents Investing LLC increased its stake in Charles Schwab by 1.2% in the fourth quarter. Uncommon Cents Investing LLC now owns 14,872 shares of the financial services provider’s stock valued at $1,023,000 after acquiring an additional 175 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $78.41, for a total value of $705,690.00. Following the completion of the transaction, the director now directly owns 574,257 shares of the company’s stock, valued at $45,027,491.37. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Charles Schwab news, Chairman Charles R. Schwab sold 65,360 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $76.89, for a total transaction of $5,025,530.40. Following the completion of the transaction, the chairman now owns 60,741,536 shares of the company’s stock, valued at $4,670,416,703.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $78.41, for a total transaction of $705,690.00. Following the transaction, the director now directly owns 574,257 shares of the company’s stock, valued at approximately $45,027,491.37. The disclosure for this sale can be found here. Insiders sold a total of 622,536 shares of company stock valued at $46,208,155 over the last three months. Corporate insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday. TD Cowen reduced their target price on Charles Schwab from $92.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday. StockNews.com cut Charles Schwab from a “hold” rating to a “sell” rating in a research note on Friday. Barclays increased their target price on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 16th. Finally, Citigroup increased their target price on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $75.12.

Charles Schwab Trading Down 0.1 %

Shares of Charles Schwab stock traded down $0.07 during trading on Friday, reaching $72.27. 6,123,550 shares of the stock were exchanged, compared to its average volume of 7,601,517. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69. The stock’s fifty day moving average is $73.61 and its 200 day moving average is $67.16. The firm has a market cap of $128.44 billion, a price-to-earnings ratio of 30.24, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The Charles Schwab Co. has a 1 year low of $48.66 and a 1 year high of $79.49.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. As a group, equities research analysts expect that The Charles Schwab Co. will post 3.4 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors 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 1.38%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s payout ratio is currently 41.84%.

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.