Janus Henderson Group PLC Lowers Holdings in The Charles Schwab Co. (NYSE:SCHW)

Janus Henderson Group PLC trimmed its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 0.36% of Charles Schwab worth $479,801,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Charles Schwab by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider's stock worth $9,516,075,000 after purchasing an additional 1,187,384 shares during the last quarter. Geode Capital Management LLC raised its position in Charles Schwab by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider's stock valued at $2,279,742,000 after purchasing an additional 760,043 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Charles Schwab by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider's stock worth $1,513,894,000 after acquiring an additional 265,708 shares during the last quarter. Norges Bank acquired a new stake in Charles Schwab during the fourth quarter worth approximately $1,289,544,000. Finally, Northern Trust Corp grew its stake in Charles Schwab by 13.4% in the fourth quarter. Northern Trust Corp now owns 15,739,917 shares of the financial services provider's stock valued at $1,164,911,000 after acquiring an additional 1,864,286 shares during the period. 84.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on SCHW. UBS Group lifted their target price on Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Barclays cut their price objective on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. JPMorgan Chase & Co. boosted their target price on Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Keefe, Bruyette & Woods boosted their target price on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research note on Tuesday, April 22nd. Finally, Redburn Partners lowered their target price on Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research note on Friday, January 17th. Two equities 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $88.33.

Charles Schwab Stock Performance

NYSE SCHW traded up $0.61 on Friday, hitting $88.72. 6,549,674 shares of the company traded hands, compared to its average volume of 9,424,961. The company has a market capitalization of $160.89 billion, a price-to-earnings ratio of 29.67, a P/E/G ratio of 0.99 and a beta of 0.90. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The business's 50 day moving average price is $78.44 and its 200-day moving average price is $78.25. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $88.87.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.46 billion. During the same period in the previous year, the firm posted $0.74 earnings per share. Equities analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.22%. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Frank C. Herringer sold 3,592 shares of the company's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the completion of the sale, the director now owns 172,162 shares in the company, valued at $12,784,750.12. This represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul V. Woolway sold 9,887 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total value of $745,282.06. Following the sale, the insider now owns 47,931 shares of the company's stock, valued at approximately $3,613,038.78. This represents a 17.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,412 shares of company stock worth $3,014,797. Company insiders own 6.30% of the company's stock.

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.