Delaney Dennis R Takes Position in The Charles Schwab Corporation (NYSE:SCHW)

Delaney Dennis R bought a new position in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,355 shares of the financial services provider's stock, valued at approximately $576,000.

A number of other institutional investors have also added to or reduced their stakes in SCHW. Atwood & Palmer Inc. bought a new position in Charles Schwab during the first quarter worth $25,000. Westside Investment Management Inc. boosted its position in Charles Schwab by 75.0% during the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock worth $27,000 after purchasing an additional 150 shares during the period. WFA Asset Management Corp bought a new position in Charles Schwab during the first quarter worth $33,000. Cornerstone Planning Group LLC boosted its position in Charles Schwab by 90.5% during the first quarter. Cornerstone Planning Group LLC now owns 463 shares of the financial services provider's stock worth $36,000 after purchasing an additional 220 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new position in Charles Schwab during the fourth quarter worth $38,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. UBS Group lifted their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Raymond James Financial reissued an "outperform" rating and set a $99.00 target price on shares of Charles Schwab in a report on Friday, July 18th. Bank of America lifted their target price on Charles Schwab from $83.00 to $84.00 and gave the stock an "underperform" rating in a report on Monday. Citigroup lifted their target price on Charles Schwab from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Monday. Finally, Cowen reissued a "buy" rating on shares of Charles Schwab in a report on Tuesday, May 20th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Charles Schwab presently has an average rating of "Moderate Buy" and an average target price of $98.65.

Insider Transactions at Charles Schwab

In related news, insider Jonathan M. Craig sold 47,500 shares of the firm's stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nigel J. Murtagh sold 20,872 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider owned 58,999 shares of the company's stock, valued at approximately $5,310,499.99. This trade represents a 26.13% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,313 shares of company stock valued at $10,264,091. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Price Performance

NYSE:SCHW traded up $1.39 during trading hours on Thursday, hitting $96.54. The company's stock had a trading volume of 9,042,432 shares, compared to its average volume of 10,285,248. The stock has a fifty day simple moving average of $90.00 and a 200-day simple moving average of $82.48. The company has a market capitalization of $175.41 billion, a P/E ratio of 25.95, a PEG ratio of 0.92 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.53 and a quick ratio of 0.53. The Charles Schwab Corporation has a twelve month low of $61.15 and a twelve month high of $97.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data on Friday, July 18th. The financial services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.04. The business had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.64 billion. Charles Schwab had a return on equity of 19.73% and a net margin of 33.68%. Charles Schwab's revenue was up 24.8% compared to the same quarter last year. During the same period last year, the firm posted $0.73 earnings per share. On average, analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.12%. Charles Schwab's dividend payout ratio is presently 29.03%.

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.