3,017 Shares in The Charles Schwab Co. (NYSE:SCHW) Acquired by Everpar Advisors LLC

Everpar Advisors LLC acquired a new stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,017 shares of the financial services provider's stock, valued at approximately $236,000.

Several other hedge funds also recently bought and sold shares of SCHW. Gladstone Institutional Advisory LLC raised its stake in shares of Charles Schwab by 2.0% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider's stock worth $462,000 after buying an additional 124 shares during the period. Klingman & Associates LLC grew its holdings in Charles Schwab by 3.2% in the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock valued at $302,000 after buying an additional 125 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its stake in shares of Charles Schwab by 2.7% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider's stock worth $353,000 after acquiring an additional 127 shares during the last quarter. Personal CFO Solutions LLC raised its holdings in shares of Charles Schwab by 1.2% during the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock worth $832,000 after acquiring an additional 130 shares during the period. Finally, O ROURKE & COMPANY Inc grew its holdings in shares of Charles Schwab by 1.1% in the fourth quarter. O ROURKE & COMPANY Inc now owns 12,958 shares of the financial services provider's stock valued at $959,000 after purchasing an additional 142 shares during the period. Hedge funds and other institutional investors own 84.38% of the company's stock.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Director Frank C. Herringer sold 3,592 shares of the company's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the sale, the director now owns 172,162 shares in the company, valued at $12,784,750.12. This represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total value of $889,280.64. The disclosure for this sale can be found here. Insiders have sold a total of 97,608 shares of company stock valued at $8,392,040 in the last three months. Corporate insiders own 6.30% of the company's stock.

Charles Schwab Stock Up 2.4%

Shares of NYSE:SCHW traded up $2.05 during mid-day trading on Monday, hitting $89.41. 1,522,008 shares of the company traded hands, compared to its average volume of 9,400,877. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $89.85. The firm's 50 day simple moving average is $83.30 and its 200 day simple moving average is $79.84. The firm has a market cap of $162.46 billion, a P/E ratio of 29.92, a PEG ratio of 0.99 and a beta of 0.94.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period last year, the business earned $0.74 EPS. On average, equities analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.21%. Charles Schwab's dividend payout ratio is presently 32.73%.

Analyst Ratings Changes

Several analysts recently weighed in on SCHW shares. JMP Securities reiterated a "market outperform" rating and issued a $94.00 target price on shares of Charles Schwab in a report on Monday, April 21st. TD Securities boosted their price target on Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Wells Fargo & Company cut their target price on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Piper Sandler raised their target price on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Finally, Truist Financial boosted their price target on Charles Schwab from $84.00 to $97.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $89.25.

Charles Schwab 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.