The Charles Schwab Corporation (SCHW) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its stake in The Charles Schwab Corporation (NYSE:SCHW) by 9.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,463,696 shares of the financial services provider’s stock after selling 894,040 shares during the quarter. Janus Henderson Group PLC owned about 0.63% of The Charles Schwab worth $370,199,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in The Charles Schwab by 3.2% in the second quarter. Vanguard Group Inc. now owns 81,925,586 shares of the financial services provider’s stock worth $3,519,523,000 after purchasing an additional 2,536,947 shares during the period. BlackRock Inc. lifted its holdings in The Charles Schwab by 2.5% in the 2nd quarter. BlackRock Inc. now owns 73,666,134 shares of the financial services provider’s stock valued at $3,164,699,000 after acquiring an additional 1,790,015 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in The Charles Schwab by 1.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 39,576,199 shares of the financial services provider’s stock valued at $1,700,193,000 after acquiring an additional 491,451 shares during the last quarter. FMR LLC lifted its holdings in The Charles Schwab by 11.3% in the 2nd quarter. FMR LLC now owns 30,766,004 shares of the financial services provider’s stock valued at $1,321,708,000 after acquiring an additional 3,128,532 shares during the last quarter. Finally, Capital Research Global Investors lifted its holdings in The Charles Schwab by 86.3% in the 2nd quarter. Capital Research Global Investors now owns 24,237,199 shares of the financial services provider’s stock valued at $1,041,230,000 after acquiring an additional 11,224,199 shares during the last quarter. 79.84% of the stock is owned by institutional investors and hedge funds.

In other news, insider Marie A. Chandoha sold 6,018 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $44.06, for a total value of $265,153.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bernard J. Clark sold 75,244 shares of the firm’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $43.98, for a total value of $3,309,231.12. The disclosure for this sale can be found here. Insiders have sold 1,778,324 shares of company stock valued at $82,710,964 over the last quarter. Corporate insiders own 12.00% of the company’s stock.

A number of equities research analysts have weighed in on SCHW shares. BidaskClub downgraded shares of The Charles Schwab from a “sell” rating to a “strong sell” rating in a report on Friday, September 8th. Morgan Stanley upped their price target on shares of The Charles Schwab from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, October 5th. Barclays upped their price target on shares of The Charles Schwab from $48.00 to $51.00 and gave the company an “overweight” rating in a report on Tuesday, October 10th. Deutsche Bank upped their price target on shares of The Charles Schwab from $46.00 to $47.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. Finally, Credit Suisse Group started coverage on The Charles Schwab in a report on Thursday, November 30th. They set an “outperform” rating and a $55.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $47.56.

The Charles Schwab Corporation (SCHW) traded up $0.31 during trading on Friday, reaching $51.39. The company’s stock had a trading volume of 5,490,623 shares, compared to its average volume of 6,139,449. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.21. The Charles Schwab Corporation has a 1 year low of $37.16 and a 1 year high of $51.89. The firm has a market capitalization of $68,476.63, a price-to-earnings ratio of 32.74, a P/E/G ratio of 2.17 and a beta of 1.74.

The Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01. The Charles Schwab had a return on equity of 15.77% and a net margin of 27.30%. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the company posted $0.35 earnings per share. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. sell-side analysts forecast that The Charles Schwab Corporation will post 1.62 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Friday, November 10th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.32 annualized dividend and a yield of 0.62%. The Charles Schwab’s dividend payout ratio is currently 20.51%.

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The Charles Schwab Profile

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

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

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