Johnson Financial Group Inc. Has $857,000 Stake in The Charles Schwab Co. (NYSE:SCHW)

Johnson Financial Group Inc. cut its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 34.4% during the fourth quarter, Holdings Channel reports. 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 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Coldstream Capital Management Inc. lifted its stake in shares of Charles Schwab by 8.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 20,918 shares of the financial services provider’s stock worth $1,548,000 after buying an additional 1,641 shares during the last quarter. Capital Analysts LLC raised its holdings in Charles Schwab by 4.0% in the 4th quarter. Capital Analysts LLC now owns 49,795 shares of the financial services provider’s stock valued at $3,685,000 after acquiring an additional 1,899 shares during the period. UP Strategic Wealth Investment Advisors LLC lifted its position in Charles Schwab by 4.3% during the fourth quarter. UP Strategic Wealth Investment Advisors LLC now owns 3,760 shares of the financial services provider’s stock worth $278,000 after acquiring an additional 155 shares during the last quarter. Voya Financial Advisors Inc. boosted its holdings in shares of Charles Schwab by 3.3% during the fourth quarter. Voya Financial Advisors Inc. now owns 57,448 shares of the financial services provider’s stock worth $4,247,000 after acquiring an additional 1,812 shares during the period. Finally, Lord Abbett & CO. LLC grew its position in shares of Charles Schwab by 2.0% in the fourth quarter. Lord Abbett & CO. LLC now owns 4,045,852 shares of the financial services provider’s stock valued at $299,434,000 after purchasing an additional 78,021 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on Charles Schwab from $93.00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Piper Sandler boosted their target price on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and raised their price target for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. Truist Financial dropped their price objective on shares of Charles Schwab from $85.00 to $84.00 and set a “buy” rating for the company in a research note on Monday, April 21st. Finally, Keefe, Bruyette & Woods increased their target price on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $87.22.

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 shares were sold at an average price of $74.26, for a total transaction of $266,741.92. Following the completion of the transaction, the director now owns 172,162 shares of the company’s stock, valued at approximately $12,784,750.12. This trade represents a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 completion of the sale, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 493,482 shares of company stock worth $40,288,720. Insiders own 6.30% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW stock opened at $79.96 on Friday. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. 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 business has a fifty day simple moving average of $76.82 and a 200 day simple moving average of $77.03. The company has a market cap of $145.01 billion, a P/E ratio of 26.74, a P/E/G ratio of 0.99 and a beta of 0.91.

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

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.35%. Charles Schwab’s dividend payout ratio (DPR) is presently 32.73%.

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.