Evergreen Capital Management LLC Grows Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

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

A number of other hedge funds have also recently added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Charles Schwab in the fourth quarter worth approximately $38,000. Atala Financial Inc acquired a new position in shares of Charles Schwab in the 4th quarter valued at $41,000. Knuff & Co LLC grew its stake in shares of Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock valued at $45,000 after buying an additional 563 shares during the period. Financial Life Planners purchased a new position in shares of Charles Schwab in the 4th quarter worth $46,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of Charles Schwab in the 4th quarter worth $46,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Stock Up 0.3 %

Shares of Charles Schwab stock opened at $77.15 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average price of $77.54 and a 200 day moving average price of $76.32. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The firm has a market cap of $139.92 billion, a P/E ratio of 25.80, a P/E/G ratio of 0.99 and a beta of 0.91.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. The business had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. On average, sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.27 dividend. The ex-dividend date was Friday, February 14th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.40%. Charles Schwab’s payout ratio is 36.12%.

Insider Activity at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the sale, the insider now directly owns 57,818 shares in the company, valued at $4,586,123.76. This represents a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 513,081 shares of company stock valued at $41,903,066 in the last quarter. Insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on SCHW shares. Barclays cut their price objective on Charles Schwab from $96.00 to $84.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. Keefe, Bruyette & Woods increased their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Wells Fargo & Company reduced their target price on shares of Charles Schwab from $93.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Truist Financial reduced their price objective on Charles Schwab from $91.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, April 4th. Finally, JPMorgan Chase & Co. increased their target price on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.33.

About Charles Schwab

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.