Horizon Investments LLC Has $9.78 Million Stock Position in The Charles Schwab Corporation $SCHW

Horizon Investments LLC significantly reduced its stake in The Charles Schwab Corporation by 37.2% in Q4, now holding 97,867 shares valued at $9.78 million. The company is experiencing significant insider selling, with Chairman Walter W. Bettinger selling 162,462 shares and total insider sales reaching $48.1 million in the last 90 days. Despite this, Charles Schwab reported strong quarterly earnings, beating expectations, and announced a new dividend and share repurchase program, maintaining a consensus “Moderate Buy” rating from analysts with an average price target of $114.

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