Evermay Wealth Management LLC Sells 100 Shares of The Charles Schwab Corporation (SCHW)

Evermay Wealth Management LLC reduced its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 1.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 6,400 shares of the financial services provider’s stock after selling 100 shares during the period. Evermay Wealth Management LLC’s holdings in The Charles Schwab Corporation were worth $275,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Candriam Luxembourg S.C.A. boosted its stake in shares of The Charles Schwab Corporation by 29.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 75,901 shares of the financial services provider’s stock worth $3,098,000 after buying an additional 17,179 shares during the period. Douglas Lane & Associates LLC boosted its stake in shares of The Charles Schwab Corporation by 39.9% in the first quarter. Douglas Lane & Associates LLC now owns 161,641 shares of the financial services provider’s stock worth $6,597,000 after buying an additional 46,100 shares during the period. Retirement Systems of Alabama boosted its stake in shares of The Charles Schwab Corporation by 2.7% in the first quarter. Retirement Systems of Alabama now owns 587,223 shares of the financial services provider’s stock worth $23,965,000 after buying an additional 15,439 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of The Charles Schwab Corporation during the first quarter worth approximately $330,000. Finally, West Coast Financial LLC boosted its stake in shares of The Charles Schwab Corporation by 1.1% in the first quarter. West Coast Financial LLC now owns 91,884 shares of the financial services provider’s stock worth $3,750,000 after buying an additional 955 shares during the period. Institutional investors and hedge funds own 79.45% of the company’s stock.

Shares of The Charles Schwab Corporation (NYSE SCHW) opened at 39.67 on Friday. The firm’s 50 day moving average is $42.50 and its 200-day moving average is $41.00. The Charles Schwab Corporation has a 12 month low of $29.86 and a 12 month high of $44.10. The firm has a market capitalization of $53.12 billion, a PE ratio of 26.62 and a beta of 1.63.

The Charles Schwab Corporation (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.39. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the company posted $0.30 EPS. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, analysts expect that The Charles Schwab Corporation will post $1.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Wednesday, August 9th. The Charles Schwab Corporation’s dividend payout ratio is currently 21.48%.

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A number of brokerages have recently commented on SCHW. Deutsche Bank AG cut shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating and increased their target price for the company from $40.00 to $43.00 in a research report on Tuesday, July 11th. Morgan Stanley restated an “overweight” rating and set a $48.00 price objective (up from $45.00) on shares of The Charles Schwab Corporation in a research report on Monday, July 10th. Citigroup Inc. assumed coverage on shares of The Charles Schwab Corporation in a research report on Thursday, July 13th. They set a “neutral” rating and a $46.00 price objective for the company. Rosenblatt Securities assumed coverage on shares of The Charles Schwab Corporation in a research report on Thursday, July 13th. They set a “neutral” rating and a $46.00 price objective for the company. Finally, BidaskClub cut shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. The Charles Schwab Corporation presently has a consensus rating of “Buy” and an average target price of $44.00.

In other news, insider Marie A. Chandoha sold 9,705 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $43.17, for a total transaction of $418,964.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Marie A. Chandoha sold 7,002 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $41.96, for a total transaction of $293,803.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 924,122 shares of company stock valued at $39,694,987. Corporate insiders own 12.00% of the company’s stock.

About The Charles Schwab Corporation

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

Institutional Ownership by Quarter for The Charles Schwab Corporation (NYSE:SCHW)

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