The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Evergreen Capital Management LLC

Evergreen Capital Management LLC boosted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 0.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,519 shares of the financial services provider’s stock after acquiring an additional 164 shares during the quarter. Evergreen Capital Management LLC’s holdings in Charles Schwab were worth $11,140,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SCHW. Principal Financial Group Inc. lifted its position in Charles Schwab by 0.6% in the third quarter. Principal Financial Group Inc. now owns 6,673,901 shares of the financial services provider’s stock worth $432,536,000 after purchasing an additional 38,201 shares during the period. Anchor Investment Management LLC lifted its holdings in shares of Charles Schwab by 11.2% in the third quarter. Anchor Investment Management LLC now owns 36,229 shares of the financial services provider’s stock valued at $2,348,000 after buying an additional 3,637 shares during the period. Sculati Wealth Management LLC boosted its stake in Charles Schwab by 0.7% during the third quarter. Sculati Wealth Management LLC now owns 42,988 shares of the financial services provider’s stock valued at $2,786,000 after buying an additional 315 shares in the last quarter. World Investment Advisors LLC acquired a new position in Charles Schwab during the third quarter worth about $9,211,000. Finally, Sfmg LLC raised its position in Charles Schwab by 2.5% in the third quarter. Sfmg LLC now owns 58,542 shares of the financial services provider’s stock worth $3,794,000 after acquiring an additional 1,444 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SCHW. Piper Sandler lowered their price objective on shares of Charles Schwab from $78.00 to $74.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Citigroup upgraded Charles Schwab from a “neutral” rating to a “buy” rating and increased their price objective for the company from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their target price on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. UBS Group upped their target price on Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, JMP Securities dropped their price target on Charles Schwab from $96.00 to $94.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $85.33.

Charles Schwab Trading Up 0.3 %

NYSE SCHW opened at $77.15 on Wednesday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $84.50. The firm’s fifty day simple moving average is $77.54 and its 200-day simple moving average is $76.32. The company has a market capitalization of $139.92 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91.

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

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.40%. Charles Schwab’s payout ratio is 36.12%.

Insiders Place Their Bets

In related news, insider Paul V. Woolway sold 3,380 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total value of $261,713.40. Following the completion of the sale, the insider now directly owns 45,824 shares in the company, valued at approximately $3,548,152.32. This represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Insiders sold 513,081 shares of company stock valued at $41,903,066 over the last ninety days. Corporate insiders own 6.60% of the company’s stock.

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.