The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Harfst & Associates Inc.

Harfst & Associates Inc. lessened its position in The Charles Schwab Co. (NYSE:SCHW) by 5.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 44,171 shares of the financial services provider’s stock after selling 2,312 shares during the period. Charles Schwab comprises about 0.7% of Harfst & Associates Inc.’s holdings, making the stock its 20th biggest position. Harfst & Associates Inc.’s holdings in Charles Schwab were worth $3,269,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SCHW. Washington Trust Advisors Inc. raised its position in shares of Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after buying an additional 149 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Charles Schwab in the third quarter valued at approximately $25,000. Prospera Private Wealth LLC purchased a new stake in Charles Schwab in the third quarter valued at approximately $31,000. Hazlett Burt & Watson Inc. purchased a new stake in Charles Schwab in the third quarter valued at approximately $33,000. Finally, Planning Capital Management Corp purchased a new stake in Charles Schwab in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

SCHW has been the subject of a number of recent analyst reports. Morgan Stanley boosted their target price on shares of Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. boosted their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Truist Financial boosted their target price on shares of Charles Schwab from $90.00 to $91.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Redburn Partners decreased their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research note on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $86.33.

Insider Activity at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the sale, the chairman now directly owns 827,377 shares in the company, valued at $67,770,450.07. This trade represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 487,820 shares of company stock valued at $39,938,849 over the last ninety days. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW stock opened at $78.68 on Thursday. The company has a market capitalization of $140.15 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99. The firm has a fifty day simple moving average of $78.17 and a 200-day simple moving average of $73.38. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50.

Charles Schwab (NYSE:SCHW) last announced its 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 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 business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share. Equities research analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.37%. Charles Schwab’s dividend payout ratio is currently 36.12%.

Charles Schwab 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.