K.J. Harrison & Partners Inc Has $3.47 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

K.J. Harrison & Partners Inc decreased its position in The Charles Schwab Co. (NYSE:SCHW) by 12.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,443 shares of the financial services provider’s stock after selling 7,040 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Charles Schwab were worth $3,470,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Investment Research & Advisory Group Inc. grew its position in Charles Schwab by 1.0% in the fourth quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock valued at $4,058,000 after purchasing an additional 607 shares in the last quarter. Bamco Inc. NY increased its position in shares of Charles Schwab by 0.5% in the third quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock valued at $444,826,000 after acquiring an additional 42,588 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Charles Schwab by 43.2% during the third quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock worth $30,287,000 after acquiring an additional 166,316 shares in the last quarter. Wright Investors Service Inc. boosted its position in Charles Schwab by 9.3% during the fourth quarter. Wright Investors Service Inc. now owns 47,164 shares of the financial services provider’s stock valued at $3,245,000 after purchasing an additional 4,001 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Charles Schwab by 22.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock valued at $60,776,000 after purchasing an additional 160,719 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Insider Activity

In other Charles Schwab news, Chairman Charles R. Schwab sold 89,275 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the sale, the chairman now owns 30,641,981 shares of the company’s stock, valued at $2,286,504,622.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Peter B. Crawford sold 5,481 shares of Charles Schwab stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total value of $413,870.31. Following the completion of the sale, the chief financial officer now owns 60,567 shares in the company, valued at approximately $4,573,414.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 89,275 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the transaction, the chairman now directly owns 30,641,981 shares in the company, valued at $2,286,504,622.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 394,648 shares of company stock valued at $27,400,905. 6.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

SCHW has been the subject of a number of recent analyst reports. Barclays increased their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 16th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Raymond James reduced their target price on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a research note on Thursday, January 18th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $71.00 target price (up previously from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $74.47.

Charles Schwab Trading Up 0.1 %

Shares of Charles Schwab stock traded up $0.10 during midday trading on Friday, reaching $74.99. The company had a trading volume of 5,523,207 shares, compared to its average volume of 7,731,735. The stock has a fifty day moving average price of $69.68 and a 200 day moving average price of $63.84. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $75.55. The firm has a market cap of $133.19 billion, a PE ratio of 31.38, a P/E/G ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a $0.25 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

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.