Harber Asset Management LLC Has $24.15 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Harber Asset Management LLC grew its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 19.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 351,033 shares of the financial services provider’s stock after acquiring an additional 57,787 shares during the quarter. Charles Schwab comprises 5.6% of Harber Asset Management LLC’s holdings, making the stock its 3rd largest holding. Harber Asset Management LLC’s holdings in Charles Schwab were worth $24,151,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Providence Capital Advisors LLC bought a new stake in Charles Schwab during the third quarter worth $28,000. Sugarloaf Wealth Management LLC grew its holdings in Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in Charles Schwab during the fourth quarter worth $30,000. Wetzel Investment Advisors Inc. bought a new stake in Charles Schwab during the fourth quarter worth $31,000. Finally, Hall Laurie J Trustee bought a new stake in Charles Schwab during the fourth quarter worth $34,000. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In related news, insider Jonathan M. Craig sold 4,977 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the sale, the insider now owns 81,446 shares of the company’s stock, valued at approximately $5,702,034.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Jonathan M. Craig sold 4,977 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the sale, the insider now owns 81,446 shares of the company’s stock, valued at approximately $5,702,034.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bernard J. Clark sold 77,431 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total value of $5,492,955.14. Following the transaction, the insider now owns 121,666 shares in the company, valued at $8,630,986.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 655,476 shares of company stock valued at $48,718,705. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

Shares of NYSE SCHW traded up $0.18 during trading on Monday, reaching $74.11. 5,254,954 shares of the stock traded hands, compared to its average volume of 7,461,222. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The company has a 50-day moving average of $73.99 and a 200-day moving average of $68.67. The stock has a market capitalization of $131.71 billion, a P/E ratio of 31.01, a price-to-earnings-growth ratio of 1.13 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. The firm had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Analysts forecast that The Charles Schwab Co. will post 3.26 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.35%. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Analysts Set New Price Targets

Several brokerages recently issued reports on SCHW. Morgan Stanley upped their price target on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. UBS Group upped their price objective on Charles Schwab from $87.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Keefe, Bruyette & Woods upped their price objective on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. Bank of America upped their price objective on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research note on Tuesday, April 16th. Finally, StockNews.com downgraded Charles Schwab from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $74.65.

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.