The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Harrington Investments INC

Harrington Investments INC increased its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,208 shares of the financial services provider’s stock after purchasing an additional 681 shares during the period. Charles Schwab accounts for about 2.3% of Harrington Investments INC’s holdings, making the stock its 12th biggest position. Harrington Investments INC’s holdings in Charles Schwab were worth $4,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in SCHW. Principal Financial Group Inc. raised its holdings in shares of Charles Schwab by 0.6% in the 3rd quarter. Principal Financial Group Inc. now owns 6,673,901 shares of the financial services provider’s stock worth $432,536,000 after purchasing an additional 38,201 shares during the period. United Bank increased its holdings in Charles Schwab by 13.0% during the 3rd quarter. United Bank now owns 11,352 shares of the financial services provider’s stock worth $736,000 after purchasing an additional 1,309 shares during the last quarter. Harbour Investments Inc. grew its holdings in Charles Schwab by 6.9% during the 3rd quarter. Harbour Investments Inc. now owns 7,612 shares of the financial services provider’s stock worth $493,000 after acquiring an additional 493 shares in the last quarter. Aptus Capital Advisors LLC raised its stake in Charles Schwab by 20.7% during the third quarter. Aptus Capital Advisors LLC now owns 10,728 shares of the financial services provider’s stock valued at $695,000 after buying an additional 1,841 shares in the last quarter. Finally, Kovack Advisors Inc. lifted its stake in Charles Schwab by 9.9% during the third quarter. Kovack Advisors Inc. now owns 4,275 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 386 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Trading Up 5.1 %

NYSE:SCHW opened at $77.28 on Friday. The firm has a market cap of $140.15 billion, a P/E ratio of 25.85, a P/E/G ratio of 0.99 and a beta of 0.98. 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 firm’s fifty day moving average is $78.47 and its 200-day moving average is $74.25. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50.

Charles Schwab (NYSE:SCHW) last released 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 firm had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 earnings per share. Equities analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.27 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.40%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is presently 36.12%.

Wall Street Analyst Weigh In

SCHW has been the topic of a number of recent research reports. Truist Financial raised their target price on Charles Schwab from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. TD Cowen upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating and lifted their price target for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. UBS Group upped their price target on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, January 27th. JMP Securities reiterated a “market outperform” rating and issued a $94.00 target price (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and an average target price of $86.33.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 9,887 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total transaction of $745,282.06. Following the completion of the sale, the insider now directly owns 47,931 shares in the company, valued at approximately $3,613,038.78. This trade represents a 17.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. Insiders have sold 501,087 shares of company stock valued at $40,952,233 in the last quarter. Insiders own 6.60% of the company’s stock.

Charles Schwab Company 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.