The Charles Schwab Corporation $SCHW Shares Sold by Hara Capital LLC

Hara Capital LLC cut its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 63.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,078 shares of the financial services provider’s stock after selling 5,249 shares during the quarter. Hara Capital LLC’s holdings in Charles Schwab were worth $281,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Federated Hermes Inc. boosted its stake in shares of Charles Schwab by 2,112.7% in the second quarter. Federated Hermes Inc. now owns 181,793 shares of the financial services provider’s stock valued at $16,587,000 after purchasing an additional 173,577 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Charles Schwab by 26.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 190,538 shares of the financial services provider’s stock worth $17,387,000 after purchasing an additional 40,275 shares during the last quarter. Bain Capital Public Equity Management II LLC acquired a new stake in Charles Schwab in the first quarter worth $79,605,000. Figure 8 Investment Strategies LLC bought a new stake in Charles Schwab in the second quarter valued at $924,000. Finally, PFG Investments LLC lifted its stake in Charles Schwab by 10.2% in the second quarter. PFG Investments LLC now owns 5,951 shares of the financial services provider’s stock valued at $543,000 after buying an additional 550 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of analyst reports. Zacks Research cut shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Truist Financial raised their price target on shares of Charles Schwab from $112.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Barclays reduced their price objective on Charles Schwab from $115.00 to $111.00 and set an “overweight” rating for the company in a research report on Friday. Keefe, Bruyette & Woods raised their target price on Charles Schwab from $109.00 to $111.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, Morgan Stanley boosted their price target on Charles Schwab from $130.00 to $139.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $108.37.

Insider Buying and Selling at Charles Schwab

In related news, insider Jonathan S. Beatty sold 3,072 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $98.00, for a total value of $301,056.00. Following the completion of the transaction, the insider owned 11,923 shares in the company, valued at $1,168,454. This trade represents a 20.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul V. Woolway sold 3,205 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $93.33, for a total value of $299,122.65. Following the completion of the transaction, the insider owned 34,778 shares of the company’s stock, valued at $3,245,830.74. This trade represents a 8.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Stock Performance

Shares of SCHW opened at $96.63 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.58. The firm’s 50 day moving average is $93.86 and its 200-day moving average is $93.40. The Charles Schwab Corporation has a 12-month low of $65.88 and a 12-month high of $99.59. The stock has a market capitalization of $171.71 billion, a P/E ratio of 22.63, a P/E/G ratio of 0.81 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, October 16th. The financial services provider reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.06. The firm had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $5.93 billion. Charles Schwab had a net margin of 35.93% and a return on equity of 21.02%. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period last year, the firm posted $0.71 earnings per share. Equities research analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. Charles Schwab’s payout ratio is 25.29%.

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.