EverSource Wealth Advisors LLC Has $1.70 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

EverSource Wealth Advisors LLC grew its stake in The Charles Schwab Co. (NYSE:SCHW) by 13.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,929 shares of the financial services provider’s stock after buying an additional 2,767 shares during the period. EverSource Wealth Advisors LLC’s holdings in Charles Schwab were worth $1,696,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tactive Advisors LLC bought a new position in shares of Charles Schwab in the first quarter worth about $430,000. Aurora Investment Counsel increased its stake in shares of Charles Schwab by 0.8% in the first quarter. Aurora Investment Counsel now owns 39,785 shares of the financial services provider’s stock worth $2,878,000 after purchasing an additional 311 shares during the period. Garde Capital Inc. increased its stake in shares of Charles Schwab by 82.5% in the first quarter. Garde Capital Inc. now owns 3,038 shares of the financial services provider’s stock worth $219,000 after purchasing an additional 1,373 shares during the period. Boston Partners increased its stake in shares of Charles Schwab by 21.2% in the first quarter. Boston Partners now owns 5,395,138 shares of the financial services provider’s stock worth $390,856,000 after purchasing an additional 944,048 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of Charles Schwab by 2.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 258,143 shares of the financial services provider’s stock worth $18,674,000 after purchasing an additional 6,457 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Trading Down 0.5 %

Shares of SCHW traded down $0.32 during trading hours on Friday, reaching $63.39. The stock had a trading volume of 10,258,521 shares, compared to its average volume of 12,778,258. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69. The Charles Schwab Co. has a 52 week low of $48.66 and a 52 week high of $79.49. The firm has a 50-day moving average of $70.99 and a 200 day moving average of $70.00. The company has a market cap of $112.66 billion, a P/E ratio of 26.52, a P/E/G ratio of 1.19 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.65%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. On average, sell-side analysts expect that The Charles Schwab Co. will post 3.09 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, August 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. StockNews.com lowered Charles Schwab from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Barclays lowered their price target on Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 17th. JPMorgan Chase & Co. lowered their price objective on Charles Schwab from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 17th. Morgan Stanley lowered their price objective on Charles Schwab from $73.00 to $71.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 11th. Finally, TD Cowen reiterated a “hold” rating and issued a $71.00 price objective (down from $88.00) on shares of Charles Schwab in a research note on Wednesday, July 17th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Charles Schwab currently has an average rating of “Hold” and an average price target of $74.27.

Insiders Place Their Bets

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $78.41, for a total transaction of $705,690.00. Following the completion of the transaction, the director now directly owns 574,257 shares in the company, valued at approximately $45,027,491.37. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Paul V. Woolway sold 1,150 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $65.20, for a total value of $74,980.00. Following the completion of the sale, the insider now directly owns 61,887 shares in the company, valued at approximately $4,035,032.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $78.41, for a total transaction of $705,690.00. Following the completion of the sale, the director now owns 574,257 shares of the company’s stock, valued at $45,027,491.37. The disclosure for this sale can be found here. In the last 90 days, insiders sold 352,489 shares of company stock worth $25,598,796. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Company Profile

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.