Harvest Fund Management Co. Ltd Has $415,000 Stake in The Charles Schwab Co. (NYSE:SCHW)

Harvest Fund Management Co. Ltd boosted its position in The Charles Schwab Co. (NYSE:SCHW) by 140,050.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,606 shares of the financial services provider’s stock after buying an additional 5,602 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Charles Schwab were worth $415,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vinva Investment Management Ltd lifted its holdings in Charles Schwab by 55.7% in the fourth quarter. Vinva Investment Management Ltd now owns 72,932 shares of the financial services provider’s stock valued at $5,392,000 after buying an additional 26,104 shares during the period. VSM Wealth Advisory LLC acquired a new position in Charles Schwab in the fourth quarter valued at $72,000. ProVise Management Group LLC lifted its holdings in Charles Schwab by 1.1% in the fourth quarter. ProVise Management Group LLC now owns 166,640 shares of the financial services provider’s stock valued at $12,333,000 after buying an additional 1,811 shares during the period. Xponance Inc. raised its holdings in shares of Charles Schwab by 17.0% during the fourth quarter. Xponance Inc. now owns 260,195 shares of the financial services provider’s stock valued at $19,257,000 after purchasing an additional 37,881 shares during the period. Finally, Generali Asset Management SPA SGR acquired a new position in shares of Charles Schwab during the fourth quarter valued at about $5,350,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity

In related news, General Counsel Peter J. Morgan III sold 14,643 shares of the company’s stock in a transaction that occurred 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 can be accessed through this hyperlink. Also, Chairman Walter W. Bettinger sold 464,629 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 501,087 shares of company stock valued at $40,952,233 in the last three months. Company insiders own 6.60% of the company’s stock.

Charles Schwab Stock Down 0.1 %

Charles Schwab stock opened at $78.47 on Friday. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The firm has a 50 day moving average price of $78.99 and a 200-day moving average price of $74.72. The company has a market capitalization of $142.30 billion, a P/E ratio of 26.24, a P/E/G ratio of 0.99 and a beta of 0.98. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the prior year, the firm earned $0.68 EPS. The company’s revenue was up 19.5% compared to the same quarter last year. As a group, equities analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Friday, February 14th. Charles Schwab’s dividend payout ratio is currently 36.12%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SCHW shares. UBS Group upped their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. upped their price objective 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 upped their price objective 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. Morgan Stanley upped their price objective 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. Finally, Redburn Partners dropped their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $86.33.

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.