Bond & Devick Financial Network Inc. Invests $243,000 in The Charles Schwab Co. (NYSE:SCHW)

Bond & Devick Financial Network Inc. acquired a new stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,108 shares of the financial services provider's stock, valued at approximately $243,000.

A number of other institutional investors have also recently bought and sold shares of the business. Gladstone Institutional Advisory LLC lifted its stake in shares of Charles Schwab by 2.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider's stock worth $462,000 after purchasing an additional 124 shares during the period. N.E.W. Advisory Services LLC lifted its stake in shares of Charles Schwab by 1.7% in the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider's stock worth $557,000 after purchasing an additional 125 shares during the period. Klingman & Associates LLC lifted its stake in shares of Charles Schwab by 3.2% in the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock worth $302,000 after purchasing an additional 125 shares during the period. Investors Asset Management of Georgia Inc. GA ADV lifted 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 purchasing an additional 127 shares during the period. Finally, Personal CFO Solutions LLC lifted its stake in shares of Charles Schwab by 1.2% in the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock worth $832,000 after purchasing an additional 130 shares during the period. Institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Up 0.2%

SCHW stock traded up $0.16 during trading on Thursday, hitting $87.64. 2,444,211 shares of the company's stock were exchanged, compared to its average volume of 9,374,970. The business has a 50-day moving average price of $81.35 and a two-hundred day moving average price of $79.54. The stock has a market capitalization of $159.24 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $89.85. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same quarter in the previous year, the business earned $0.74 earnings per share. As a group, equities research analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Friday, May 9th. Charles Schwab's payout ratio is currently 32.73%.

Insider Activity

In other news, General Counsel Peter J. Morgan III sold 10,176 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total value of $889,280.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan M. Craig sold 47,500 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total value of $4,201,850.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,608 shares of company stock valued at $8,392,040. Company insiders own 6.30% of the company's stock.

Wall Street Analyst Weigh In

SCHW has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Wells Fargo & Company decreased their target price on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Cowen restated a "buy" rating on shares of Charles Schwab in a research note on Tuesday, May 20th. UBS Group raised their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Finally, Morgan Stanley raised their target price on shares of Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $89.63.

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.