Evergreen Capital Management LLC Sells 14,995 Shares of The Charles Schwab Co. (NYSE:SCHW)

Evergreen Capital Management LLC trimmed its position in The Charles Schwab Co. (NYSE:SCHW) by 9.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 151,363 shares of the financial services provider’s stock after selling 14,995 shares during the period. Evergreen Capital Management LLC’s holdings in Charles Schwab were worth $11,154,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its stake in shares of Charles Schwab by 33.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock worth $4,771,985,000 after purchasing an additional 17,369,091 shares in the last quarter. Morningstar Investment Services LLC increased its stake in Charles Schwab by 98.0% during the fourth quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock worth $326,284,000 after acquiring an additional 2,322,156 shares during the last quarter. Mondrian Investment Partners LTD boosted its stake in shares of Charles Schwab by 28,736.1% during the 1st quarter. Mondrian Investment Partners LTD now owns 1,485,637 shares of the financial services provider’s stock worth $107,471,000 after purchasing an additional 1,480,485 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Charles Schwab during the first quarter worth $105,563,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Charles Schwab by 13.3% in the fourth quarter. Wellington Management Group LLP now owns 11,668,610 shares of the financial services provider’s stock valued at $802,800,000 after purchasing an additional 1,373,223 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the sale, the director now owns 554,929 shares in the company, valued at approximately $35,543,202.45. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Paul V. Woolway sold 1,150 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $65.20, for a total transaction of $74,980.00. Following the completion of the transaction, the insider now directly owns 61,887 shares of the company’s stock, valued at approximately $4,035,032.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the completion of the sale, the director now owns 554,929 shares in the company, valued at $35,543,202.45. The disclosure for this sale can be found here. Insiders have sold 99,636 shares of company stock worth $6,457,104 in the last quarter. 6.60% of the stock is owned by insiders.

Charles Schwab Trading Up 1.0 %

NYSE:SCHW opened at $65.39 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. The Charles Schwab Co. has a 1 year low of $48.66 and a 1 year high of $79.49. The stock has a market cap of $116.22 billion, a P/E ratio of 27.36, a P/E/G ratio of 1.19 and a beta of 0.97. The stock has a 50-day simple moving average of $64.28 and a 200-day simple moving average of $69.96.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The company had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $4.68 billion. During the same quarter last year, the company earned $0.75 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, analysts anticipate that The Charles Schwab Co. will post 3.05 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors 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 1.53%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Analyst Ratings Changes

SCHW has been the subject of a number of analyst reports. Barclays decreased their price objective on Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. TD Cowen reissued a “hold” rating and issued a $71.00 price objective (down from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. UBS Group reduced their price objective on Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Finally, Bank of America reduced their price target on Charles Schwab from $72.00 to $66.00 and set an “underperform” rating on the stock in a report on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $73.75.

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.