Everence Capital Management Inc. Acquires 10,590 Shares of The Charles Schwab Co. (NYSE:SCHW)

Everence Capital Management Inc. boosted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 49.6% in the fourth quarter, Holdings Channel reports. The firm owned 31,940 shares of the financial services provider’s stock after purchasing an additional 10,590 shares during the period. Everence Capital Management Inc.’s holdings in Charles Schwab were worth $2,197,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SCHW. Signet Financial Management LLC boosted its holdings in shares of Charles Schwab by 0.3% in the fourth quarter. Signet Financial Management LLC now owns 49,378 shares of the financial services provider’s stock valued at $4,111,000 after buying an additional 139 shares during the period. Courier Capital LLC boosted its holdings in shares of Charles Schwab by 0.4% in the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock valued at $3,133,000 after buying an additional 161 shares during the period. Investment Advisory Services Inc. TX ADV boosted its holdings in shares of Charles Schwab by 0.5% in the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 32,642 shares of the financial services provider’s stock valued at $2,718,000 after buying an additional 164 shares during the period. Sugarloaf Wealth Management LLC boosted its holdings in shares of Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after buying an additional 165 shares during the period. Finally, Red Spruce Capital LLC boosted its holdings in shares of Charles Schwab by 0.4% in the fourth quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider’s stock valued at $2,880,000 after buying an additional 172 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Price Performance

NYSE:SCHW opened at $73.05 on Wednesday. The Charles Schwab Co. has a 52 week low of $45.65 and a 52 week high of $73.65. The firm has a market cap of $129.74 billion, a price-to-earnings ratio of 30.56, a P/E/G ratio of 1.08 and a beta of 1.01. The firm’s 50-day simple moving average is $67.97 and its 200 day simple moving average is $62.75. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.49 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. Charles Schwab’s revenue for the quarter was down 18.9% compared to the same quarter last year. During the same period last year, the firm earned $1.07 earnings per share. As a group, sell-side analysts predict that The Charles Schwab Co. will post 3.4 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.37%. Charles Schwab’s payout ratio is 41.84%.

Insiders Place Their Bets

In other news, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the sale, the chief financial officer now directly owns 37,611 shares in the company, valued at approximately $2,425,533.39. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Jonathan M. Craig sold 4,977 shares of Charles Schwab stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total transaction of $348,439.77. Following the sale, the insider now directly owns 81,446 shares in the company, valued at approximately $5,702,034.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the sale, the chief financial officer now owns 37,611 shares in the company, valued at $2,425,533.39. The disclosure for this sale can be found here. Insiders have sold 216,584 shares of company stock worth $14,200,769 over the last ninety days. Corporate insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on SCHW shares. Citigroup increased their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Barclays increased their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday. Raymond James reduced their target price on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. Bank of America increased their target price on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their price target on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and a consensus target price of $74.47.

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.