Everence Capital Management Inc. Has $2.06 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Everence Capital Management Inc. trimmed its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 15.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,780 shares of the financial services provider’s stock after selling 5,690 shares during the quarter. Everence Capital Management Inc.’s holdings in Charles Schwab were worth $2,060,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of SCHW. Park Avenue Securities LLC boosted its stake in Charles Schwab by 9.6% in the 1st quarter. Park Avenue Securities LLC now owns 28,890 shares of the financial services provider’s stock worth $2,090,000 after purchasing an additional 2,519 shares during the period. &PARTNERS acquired a new position in shares of Charles Schwab during the first quarter worth about $281,000. International Assets Investment Management LLC grew its holdings in shares of Charles Schwab by 10.4% during the first quarter. International Assets Investment Management LLC now owns 12,135 shares of the financial services provider’s stock worth $878,000 after buying an additional 1,141 shares in the last quarter. Global Assets Advisory LLC bought a new position in shares of Charles Schwab during the first quarter worth about $1,060,000. Finally, Harbor Investment Advisory LLC lifted its stake in Charles Schwab by 18.1% in the 1st quarter. Harbor Investment Advisory LLC now owns 8,684 shares of the financial services provider’s stock valued at $628,000 after acquiring an additional 1,331 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on SCHW. UBS Group lowered their price objective on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Bank of America lowered their price target on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 16th. Cowen boosted their price target on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. raised their price objective on Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Raymond James dropped their target price on Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $73.59.

Charles Schwab Stock Performance

SCHW stock traded down $0.37 during midday trading on Monday, reaching $70.99. 1,667,053 shares of the company were exchanged, compared to its average volume of 8,086,127. The firm has a market capitalization of $126.17 billion, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 1.47 and a beta of 0.97. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42. The business has a 50-day moving average price of $64.97 and a two-hundred day moving average price of $69.49. The Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.49.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period last year, the business posted $0.77 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts forecast that The Charles Schwab Co. will post 3.06 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a $0.25 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.41%. Charles Schwab’s payout ratio is presently 41.84%.

Insider Buying and Selling at Charles Schwab

In other news, Chairman Charles R. Schwab sold 67,386 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the sale, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at approximately $3,946,927,245.81. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Chairman Charles R. Schwab sold 67,386 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total value of $4,387,502.46. Following the completion of the transaction, the chairman now directly owns 60,619,371 shares in the company, valued at approximately $3,946,927,245.81. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the sale, the director now owns 551,329 shares in the company, valued at $39,783,900.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 182,001 shares of company stock valued at $12,512,592 in the last quarter. Company insiders own 6.60% of the company’s stock.

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.