Calton & Associates Inc. Makes New $5.26 Million Investment in The Charles Schwab Corporation (NYSE:SCHW)

Calton & Associates Inc. purchased a new position in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 67,139 shares of the financial services provider's stock, valued at approximately $5,256,000. Charles Schwab makes up about 0.6% of Calton & Associates Inc.'s investment portfolio, making the stock its 27th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atwood & Palmer Inc. bought a new stake in Charles Schwab in the 1st quarter valued at $25,000. Westside Investment Management Inc. lifted its position in Charles Schwab by 75.0% in the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 150 shares in the last quarter. WFA Asset Management Corp bought a new stake in Charles Schwab in the 1st quarter valued at $33,000. Cornerstone Planning Group LLC lifted its position in Charles Schwab by 90.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 463 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 220 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Charles Schwab in the 4th quarter valued at $38,000. 84.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on SCHW. TD Securities boosted their price target on shares of Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Raymond James Financial reissued an "outperform" rating and set a $99.00 price target on shares of Charles Schwab in a research report on Friday. JMP Securities upped their target price on shares of Charles Schwab from $94.00 to $106.00 and gave the company a "market outperform" rating in a report on Monday, July 14th. William Blair cut shares of Charles Schwab from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. Finally, Citigroup reaffirmed an "outperform" rating on shares of Charles Schwab in a report on Monday, July 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Charles Schwab currently has an average rating of "Moderate Buy" and an average target price of $95.60.

Charles Schwab Stock Performance

SCHW stock traded up $2.77 during mid-day trading on Friday, hitting $95.87. The company had a trading volume of 23,552,773 shares, compared to its average volume of 9,345,964. The firm has a market cap of $174.19 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 1.00 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.53 and a current ratio of 0.53. The Charles Schwab Corporation has a 12 month low of $61.15 and a 12 month high of $97.50. The stock's fifty day moving average price is $89.44 and its two-hundred day moving average price is $82.09.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Friday, July 18th. The financial services provider reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.04. The firm had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.64 billion. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. The company's revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the company earned $0.73 earnings per share. On average, analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.13%. Charles Schwab's dividend payout ratio is presently 32.73%.

Insiders Place Their Bets

In related news, insider Jonathan M. Craig sold 47,500 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total transaction of $4,201,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nigel J. Murtagh sold 20,872 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total transaction of $1,878,688.72. Following the sale, the insider owned 58,999 shares of the company's stock, valued at $5,310,499.99. This represents a 26.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 119,905 shares of company stock worth $10,530,833. 6.30% of the stock is owned by corporate insiders.

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.