Harbour Investments Inc. Buys 206 Shares of The Charles Schwab Co. (NYSE:SCHW)

Harbour Investments Inc. increased its stake in The Charles Schwab Co. (NYSE:SCHW) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,818 shares of the financial services provider’s stock after purchasing an additional 206 shares during the quarter. Harbour Investments Inc.’s holdings in Charles Schwab were worth $579,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SCHW. Corient Private Wealth LLC boosted its stake in shares of Charles Schwab by 31.7% in the 4th quarter. Corient Private Wealth LLC now owns 837,432 shares of the financial services provider’s stock worth $61,939,000 after buying an additional 201,752 shares during the last quarter. Greenwich Wealth Management LLC boosted its position in Charles Schwab by 104.4% in the fourth quarter. Greenwich Wealth Management LLC now owns 176,034 shares of the financial services provider’s stock worth $13,028,000 after purchasing an additional 89,913 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Charles Schwab by 40.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 164,133 shares of the financial services provider’s stock valued at $12,148,000 after purchasing an additional 47,380 shares during the period. Natixis Advisors LLC increased its position in shares of Charles Schwab by 1.3% during the 4th quarter. Natixis Advisors LLC now owns 1,305,759 shares of the financial services provider’s stock valued at $96,639,000 after purchasing an additional 16,598 shares during the last quarter. Finally, Harrington Investments INC lifted its stake in shares of Charles Schwab by 1.2% in the 4th quarter. Harrington Investments INC now owns 57,208 shares of the financial services provider’s stock worth $4,234,000 after purchasing an additional 681 shares during the period. Institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction that occurred on Wednesday, February 12th. The stock was 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 owns 827,377 shares in the company, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul V. Woolway sold 9,887 shares of the stock in a transaction on Wednesday, March 5th. The shares were 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 in the company, valued at $3,613,038.78. The trade was a 17.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 501,087 shares of company stock worth $40,952,233 in the last three months. Insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and upped their target price for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Citigroup upped their price objective on Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Morgan Stanley lifted their target price on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Truist Financial upped their price target on Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Piper Sandler boosted their price objective on Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $86.33.

Charles Schwab Trading Down 0.1 %

Shares of Charles Schwab stock opened at $78.61 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a market cap of $142.57 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The business has a 50-day moving average price of $78.88 and a 200-day moving average price of $74.63.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share 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 analysts’ expectations of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS. Equities research analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.27 dividend. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab’s dividend payout ratio (DPR) is presently 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.