Harbour Investments Inc. Has $493,000 Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Harbour Investments Inc. grew its position in The Charles Schwab Co. (NYSE:SCHW) by 6.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,612 shares of the financial services provider’s stock after buying an additional 493 shares during the period. Harbour Investments Inc.’s holdings in Charles Schwab were worth $493,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Entropy Technologies LP grew its holdings in shares of Charles Schwab by 96.4% in the 3rd quarter. Entropy Technologies LP now owns 95,201 shares of the financial services provider’s stock valued at $6,170,000 after buying an additional 46,740 shares during the period. Keystone Financial Services grew its holdings in shares of Charles Schwab by 7.5% in the 3rd quarter. Keystone Financial Services now owns 18,375 shares of the financial services provider’s stock valued at $1,191,000 after buying an additional 1,275 shares during the period. Jeppson Wealth Management LLC grew its holdings in shares of Charles Schwab by 3.5% in the 3rd quarter. Jeppson Wealth Management LLC now owns 20,022 shares of the financial services provider’s stock valued at $1,298,000 after buying an additional 679 shares during the period. Lountzis Asset Management LLC grew its holdings in shares of Charles Schwab by 15.3% in the 3rd quarter. Lountzis Asset Management LLC now owns 9,249 shares of the financial services provider’s stock valued at $599,000 after buying an additional 1,230 shares during the period. Finally, Catalytic Wealth RIA LLC lifted its position in Charles Schwab by 91.7% in the 3rd quarter. Catalytic Wealth RIA LLC now owns 9,768 shares of the financial services provider’s stock valued at $633,000 after acquiring an additional 4,672 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the transaction, the insider now owns 18,069 shares in the company, valued at approximately $1,391,674.38. This represents a 12.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the transaction, the director now owns 554,929 shares in the company, valued at approximately $35,543,202.45. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,645 shares of company stock worth $7,440,627. Insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

SCHW has been the topic of several research reports. The Goldman Sachs Group boosted their price objective on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Bank of America cut their price objective on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 16th. Piper Sandler boosted their price objective on shares of Charles Schwab from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods boosted their price objective on shares of Charles Schwab from $76.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Citigroup cut their price objective on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $74.18.

Charles Schwab Stock Up 0.6 %

Shares of SCHW stock opened at $80.64 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.47. The firm’s 50-day moving average is $68.74 and its 200-day moving average is $69.66. The stock has a market cap of $143.51 billion, a price-to-earnings ratio of 31.50, a PEG ratio of 1.71 and a beta of 0.96. The Charles Schwab Co. has a 52-week low of $55.09 and a 52-week high of $82.50.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. Charles Schwab’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS. Sell-side analysts predict that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.24%. Charles Schwab’s dividend payout ratio (DPR) is currently 39.06%.

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.