Everpar Advisors LLC Has $298,000 Stock Holdings in The Charles Schwab Corporation $SCHW

Everpar Advisors LLC increased its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 8.3% in the second quarter, Holdings Channel.com reports. The firm owned 3,268 shares of the financial services provider’s stock after buying an additional 251 shares during the quarter. Everpar Advisors LLC’s holdings in Charles Schwab were worth $298,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sheaff Brock Investment Advisors LLC increased its position in Charles Schwab by 1.6% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 7,986 shares of the financial services provider’s stock worth $625,000 after purchasing an additional 129 shares in the last quarter. HM Payson & Co. increased its position in Charles Schwab by 0.7% during the 1st quarter. HM Payson & Co. now owns 19,271 shares of the financial services provider’s stock worth $1,509,000 after purchasing an additional 130 shares in the last quarter. Cornerstone Wealth Management LLC increased its position in Charles Schwab by 2.1% during the 1st quarter. Cornerstone Wealth Management LLC now owns 6,551 shares of the financial services provider’s stock worth $513,000 after purchasing an additional 132 shares in the last quarter. Journey Strategic Wealth LLC increased its position in Charles Schwab by 3.1% in the 1st quarter. Journey Strategic Wealth LLC now owns 4,486 shares of the financial services provider’s stock valued at $351,000 after acquiring an additional 135 shares during the period. Finally, Meridian Wealth Management LLC increased its position in Charles Schwab by 2.2% in the 1st quarter. Meridian Wealth Management LLC now owns 6,192 shares of the financial services provider’s stock valued at $485,000 after acquiring an additional 136 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $90.99 on Wednesday. The company has a 50 day moving average of $95.38 and a 200 day moving average of $86.99. The stock has a market cap of $165.17 billion, a P/E ratio of 24.46, a P/E/G ratio of 0.91 and a beta of 0.96. The Charles Schwab Corporation has a 12 month low of $62.41 and a 12 month high of $99.59. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.47.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Friday, July 18th. The financial services provider reported $1.14 EPS for the quarter, beating the consensus estimate of $1.10 by $0.04. Charles Schwab had a net margin of 33.68% and a return on equity of 19.30%. The company had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter in the previous year, the company earned $0.73 earnings per share. Charles Schwab’s revenue for the quarter was up 24.8% on a year-over-year basis. As a group, sell-side analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, August 8th. Charles Schwab’s payout ratio is presently 29.03%.

Charles Schwab declared that its Board of Directors has initiated a share buyback plan on Thursday, July 24th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 11.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts have issued reports on SCHW shares. JMP Securities upped their price target on shares of Charles Schwab from $106.00 to $110.00 and gave the company a “market outperform” rating in a research report on Monday, July 21st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Charles Schwab from $114.00 to $113.00 and set a “buy” rating for the company in a research report on Tuesday. Morgan Stanley upped their price target on shares of Charles Schwab from $117.00 to $131.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Barclays upped their price target on shares of Charles Schwab from $106.00 to $113.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Finally, TD Securities upped their price target on shares of Charles Schwab from $95.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday, May 20th. Sixteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Charles Schwab has a consensus rating of “Moderate Buy” and an average target price of $100.00.

Insider Transactions at Charles Schwab

In related news, insider Jonathan S. Beatty sold 6,144 shares of the company’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $96.81, for a total transaction of $594,800.64. Following the completion of the sale, the insider directly owned 11,923 shares in the company, valued at $1,154,265.63. This represents a 34.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Walter W. Bettinger sold 173,876 shares of the company’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $98.84, for a total transaction of $17,185,903.84. Following the sale, the chairman owned 590,734 shares of the company’s stock, valued at $58,388,148.56. This represents a 22.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 267,213 shares of company stock worth $26,232,180. Corporate insiders own 6.30% 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.