Harber Asset Management LLC Sells 22,773 Shares of The Charles Schwab Co. (NYSE:SCHW)

Harber Asset Management LLC decreased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 9.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 215,042 shares of the financial services provider’s stock after selling 22,773 shares during the period. Charles Schwab makes up 4.8% of Harber Asset Management LLC’s portfolio, making the stock its 4th biggest holding. Harber Asset Management LLC’s holdings in Charles Schwab were worth $15,915,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SCHW. Belpointe Asset Management LLC increased its stake in shares of Charles Schwab by 9.2% during the 4th quarter. Belpointe Asset Management LLC now owns 11,354 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 958 shares during the last quarter. CreativeOne Wealth LLC bought a new stake in Charles Schwab during the fourth quarter valued at about $411,000. Giverny Capital Inc. grew its position in shares of Charles Schwab by 1.3% in the fourth quarter. Giverny Capital Inc. now owns 947,927 shares of the financial services provider’s stock valued at $70,156,000 after purchasing an additional 12,155 shares during the last quarter. SageView Advisory Group LLC raised its stake in Charles Schwab by 21.8% during the 4th quarter. SageView Advisory Group LLC now owns 22,516 shares of the financial services provider’s stock valued at $1,666,000 after purchasing an additional 4,024 shares during the last quarter. Finally, O ROURKE & COMPANY Inc boosted its holdings in Charles Schwab by 1.1% during the fourth quarter. O ROURKE & COMPANY Inc now owns 12,958 shares of the financial services provider’s stock valued at $959,000 after purchasing an additional 142 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Barclays lowered their target price on Charles Schwab from $96.00 to $84.00 and set an “overweight” rating for the company in a research note on Monday, April 7th. Wells Fargo & Company decreased their price target on Charles Schwab from $93.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Morgan Stanley raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and set a $76.00 price target for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods lifted their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Finally, TD Cowen raised Charles Schwab from a “hold” rating to a “buy” rating and increased their price target for the company from $88.00 to $103.00 in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $85.33.

Insider Transactions at Charles Schwab

In other news, insider Paul V. Woolway sold 3,380 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total transaction of $268,101.60. Following the sale, the insider now directly owns 57,818 shares in the company, valued at $4,586,123.76. This trade represents a 5.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the sale, the chairman now owns 827,377 shares in the company, valued at $67,770,450.07. The trade was a 35.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 513,081 shares of company stock worth $41,903,066. 6.60% of the stock is currently owned by insiders.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $76.97 on Monday. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50. 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 company has a market cap of $139.59 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The firm has a 50 day moving average of $77.77 and a 200-day moving average of $76.23.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same period last year, the company posted $0.68 earnings per share. Charles Schwab’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

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