Graves Light Lenhart Wealth Inc. Takes $228,000 Position in The Charles Schwab Co. (NYSE:SCHW)

Graves Light Lenhart Wealth Inc. purchased a new position in The Charles Schwab Co. (NYSE:SCHW - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,913 shares of the financial services provider's stock, valued at approximately $228,000.

Other large investors also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Charles Schwab during the fourth quarter valued at approximately $38,000. Atala Financial Inc acquired a new position in shares of Charles Schwab during the fourth quarter valued at approximately $41,000. Investors Research Corp raised its holdings in shares of Charles Schwab by 75.2% during the first quarter. Investors Research Corp now owns 559 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 240 shares during the last quarter. Knuff & Co LLC raised its holdings in shares of Charles Schwab by 1,309.3% during the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 563 shares during the last quarter. Finally, Financial Life Planners acquired a new position in shares of Charles Schwab during the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on SCHW. TD Securities increased their target price on Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. JMP Securities reissued a "market outperform" rating and set a $94.00 target price on shares of Charles Schwab in a report on Monday, April 21st. JPMorgan Chase & Co. increased their price target on Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Wells Fargo & Company cut their price target on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group raised Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $89.63.

Charles Schwab Trading Up 0.2%

Charles Schwab stock traded up $0.16 during mid-day trading on Thursday, hitting $87.64. The company's stock had a trading volume of 2,444,211 shares, compared to its average volume of 9,374,970. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $89.85. The stock's fifty day moving average is $81.35 and its two-hundred day moving average is $79.54. The firm has a market capitalization of $159.24 billion, a PE ratio of 29.31, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. 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 released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same period last year, the business posted $0.74 earnings per share. On average, analysts anticipate 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. Investors of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.23%. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,290 shares of Charles Schwab stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $87.68, for a total transaction of $288,467.20. Following the completion of the sale, the insider now directly owns 39,154 shares of the company's stock, valued at $3,433,022.72. The trade was a 7.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan M. Craig sold 47,500 shares of Charles Schwab stock in a transaction dated Wednesday, May 21st. The stock was 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 three months, insiders sold 97,608 shares of company stock worth $8,392,040. Company insiders own 6.30% of the company's stock.

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.