K.J. Harrison & Partners Inc Trims Stock Position in The Charles Schwab Corporation $SCHW

K.J. Harrison & Partners Inc cut its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 31.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,943 shares of the financial services provider’s stock after selling 11,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Charles Schwab were worth $2,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. West Branch Capital LLC acquired a new position in shares of Charles Schwab in the 3rd quarter valued at about $27,000. Evelyn Partners Asset Management Ltd purchased a new position in Charles Schwab during the second quarter valued at approximately $33,000. Howard Hughes Medical Institute purchased a new position in Charles Schwab during the second quarter valued at approximately $34,000. Redmont Wealth Advisors LLC acquired a new position in Charles Schwab in the third quarter valued at approximately $34,000. Finally, FSA Wealth Management LLC purchased a new stake in Charles Schwab in the 2nd quarter worth approximately $36,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Trading Up 2.4%

Shares of Charles Schwab stock opened at $95.31 on Thursday. The firm has a market capitalization of $169.36 billion, a PE ratio of 20.45, a P/E/G ratio of 0.75 and a beta of 0.94. The Charles Schwab Corporation has a twelve month low of $65.88 and a twelve month high of $107.50. The firm’s 50-day moving average price is $100.43 and its 200 day moving average price is $96.50. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.47.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.32 by $0.07. Charles Schwab had a return on equity of 22.07% and a net margin of 37.01%.The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.01 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, sell-side analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.28 annualized dividend and a yield of 1.3%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.27. Charles Schwab’s dividend payout ratio is currently 27.47%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SCHW shares. UBS Group lifted their target price on shares of Charles Schwab from $123.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Raymond James Financial reaffirmed an “outperform” rating and issued a $114.00 price objective on shares of Charles Schwab in a report on Monday, January 5th. TD Cowen increased their target price on shares of Charles Schwab from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Citigroup restated a “market outperform” rating on shares of Charles Schwab in a research note on Monday, January 12th. Finally, Piper Sandler upped their price target on Charles Schwab from $100.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Charles Schwab has an average rating of “Moderate Buy” and an average target price of $115.95.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,000 shares of Charles Schwab stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the sale, the insider owned 21,768 shares of the company’s stock, valued at $2,285,640. The trade was a 8.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Peter J. Morgan III sold 7,595 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $104.38, for a total transaction of $792,766.10. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 348,344 shares of company stock worth $36,259,555. Company insiders own 6.30% of the company’s stock.

Charles Schwab Company Profile

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.