Hara Capital LLC Sells 5,249 Shares of The Charles Schwab Corporation $SCHW

Hara Capital LLC reduced its stake in The Charles Schwab Corporation (NYSE:SCHW) by 63.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,078 shares of the financial services provider’s stock after selling 5,249 shares during the period. Hara Capital LLC’s holdings in Charles Schwab were worth $281,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Federated Hermes Inc. increased its holdings in Charles Schwab by 2,112.7% during the 2nd quarter. Federated Hermes Inc. now owns 181,793 shares of the financial services provider’s stock worth $16,587,000 after acquiring an additional 173,577 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of Charles Schwab by 26.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 190,538 shares of the financial services provider’s stock valued at $17,387,000 after purchasing an additional 40,275 shares in the last quarter. Bain Capital Public Equity Management II LLC bought a new position in shares of Charles Schwab in the first quarter worth $79,605,000. Figure 8 Investment Strategies LLC purchased a new stake in shares of Charles Schwab in the second quarter worth $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 worth $543,000 after purchasing an additional 550 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $96.63 on Friday. The business has a fifty day moving average price of $93.86 and a 200-day moving average price of $93.40. The company has a market capitalization of $171.71 billion, a PE ratio of 22.63, a PEG ratio of 0.81 and a beta of 0.96. The Charles Schwab Corporation has a 1-year low of $65.88 and a 1-year high of $99.59. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.58.

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 business had revenue of $6.38 billion during the quarter, compared to analyst estimates of $5.93 billion. Charles Schwab had a return on equity of 21.02% and a net margin of 35.93%.Charles Schwab’s revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 EPS. As a group, equities analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Paul V. Woolway sold 3,205 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $93.33, for a total value of $299,122.65. Following the completion of the sale, the insider directly owned 34,778 shares in the company, valued at $3,245,830.74. This trade represents a 8.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 3,072 shares of the firm’s stock in a transaction that occurred 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 sale, the insider directly owned 11,923 shares of the company’s stock, valued at $1,168,454. This represents a 20.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SCHW has been the subject of several analyst reports. JMP Securities restated a “market outperform” rating and set a $110.00 target price on shares of Charles Schwab in a report on Friday, October 17th. Barclays dropped their price objective on Charles Schwab from $115.00 to $111.00 and set an “overweight” rating for the company in a research note on Friday. UBS Group assumed coverage on shares of Charles Schwab in a research note on Thursday. They issued a “buy” rating and a $119.00 target price on the stock. TD Cowen increased their price target on shares of Charles Schwab from $129.00 to $134.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Finally, Piper Sandler reissued a “neutral” rating on shares of Charles Schwab in a report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $108.37.

Charles Schwab Company 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.