Hardman Johnston Global Advisors LLC Sells 93,200 Shares of The Charles Schwab Co. (NYSE:SCHW)

Hardman Johnston Global Advisors LLC trimmed its stake in The Charles Schwab Co. (NYSE:SCHW) by 17.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 450,493 shares of the financial services provider’s stock after selling 93,200 shares during the period. Charles Schwab comprises about 1.4% of Hardman Johnston Global Advisors LLC’s investment portfolio, making the stock its 28th biggest position. Hardman Johnston Global Advisors LLC’s holdings in Charles Schwab were worth $33,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Conscious Wealth Investments LLC increased its stake in shares of Charles Schwab by 0.9% in the 4th quarter. Conscious Wealth Investments LLC now owns 44,363 shares of the financial services provider’s stock valued at $3,389,000 after buying an additional 393 shares during the period. Y Intercept Hong Kong Ltd raised its stake in shares of Charles Schwab by 167.6% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 55,463 shares of the financial services provider’s stock valued at $4,105,000 after purchasing an additional 34,735 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Charles Schwab by 9.9% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 285,360 shares of the financial services provider’s stock worth $21,119,000 after buying an additional 25,600 shares during the period. MONECO Advisors LLC grew its stake in shares of Charles Schwab by 9.0% during the 4th quarter. MONECO Advisors LLC now owns 3,372 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 279 shares in the last quarter. Finally, Howard Capital Management Inc. lifted its position in Charles Schwab by 7.5% during the 4th quarter. Howard Capital Management Inc. now owns 9,081 shares of the financial services provider’s stock worth $672,000 after buying an additional 632 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SCHW has been the subject of a number of analyst reports. Redburn Partners decreased their price target on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research note on Friday, January 17th. UBS Group raised their target price on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Piper Sandler upped their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Citigroup upped their target price on shares of Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, JMP Securities reissued a “market outperform” rating and set a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab has an average rating of “Hold” and an average target price of $86.33.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Arun Sarin sold 8,548 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the sale, the director now directly owns 18,617 shares in the company, valued at approximately $1,523,242.94. This trade represents a 31.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the transaction, the chairman now directly owns 827,377 shares in the company, valued at $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 487,820 shares of company stock worth $39,938,849 in the last quarter. 6.60% of the stock is owned by insiders.

Charles Schwab Price Performance

Charles Schwab stock opened at $80.50 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market capitalization of $143.38 billion, a P/E ratio of 26.92, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50. The stock has a fifty day moving average of $77.98 and a 200-day moving average of $73.10.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.90 by $0.11. The business had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 EPS. On average, sell-side analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.27 dividend. The ex-dividend date is Friday, February 14th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.34%. Charles Schwab’s dividend payout ratio (DPR) is currently 36.12%.

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.