Vest Financial LLC Purchases 6,289 Shares of The Charles Schwab Co. (NYSE:SCHW)

Vest Financial LLC grew its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 73.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 14,845 shares of the financial services provider's stock after acquiring an additional 6,289 shares during the period. Vest Financial LLC's holdings in Charles Schwab were worth $1,162,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Salvus Wealth Management LLC raised its stake in shares of Charles Schwab by 0.5% during the first quarter. Salvus Wealth Management LLC now owns 74,798 shares of the financial services provider's stock valued at $5,855,000 after acquiring an additional 365 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Charles Schwab by 14.0% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,833 shares of the financial services provider's stock valued at $535,000 after purchasing an additional 841 shares during the period. Gilman Hill Asset Management LLC raised its position in Charles Schwab by 3.2% during the 1st quarter. Gilman Hill Asset Management LLC now owns 69,153 shares of the financial services provider's stock worth $5,413,000 after purchasing an additional 2,150 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in Charles Schwab by 41.2% during the 1st quarter. LS Investment Advisors LLC now owns 45,095 shares of the financial services provider's stock worth $3,530,000 after buying an additional 13,161 shares during the period. Finally, Secure Asset Management LLC grew its position in shares of Charles Schwab by 19.6% in the 1st quarter. Secure Asset Management LLC now owns 29,967 shares of the financial services provider's stock valued at $2,346,000 after buying an additional 4,902 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan M. Craig sold 47,500 shares of the business'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 the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total value of $261,713.40. Following the transaction, the insider now owns 45,824 shares of the company's stock, valued at approximately $3,548,152.32. The trade was a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 97,608 shares of company stock valued at $8,392,040 in the last quarter. 6.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SCHW has been the topic of a number of recent analyst reports. Barclays dropped their price target on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Redburn Atlantic raised shares of Charles Schwab from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $65.00 to $82.00 in a research note on Monday. The Goldman Sachs Group raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a research report on Friday, April 25th. JMP Securities reiterated a "market outperform" rating and set a $94.00 price target on shares of Charles Schwab in a report on Monday, April 21st. Finally, Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $85.00 to $102.00 in a research note on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $89.25.

Charles Schwab Stock Performance

Charles Schwab stock traded down $0.02 during midday trading on Wednesday, reaching $88.25. The stock had a trading volume of 4,229,191 shares, compared to its average volume of 9,379,985. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $160.35 billion, a PE ratio of 29.50, a P/E/G ratio of 0.99 and a beta of 0.94. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $89.85. The firm's 50-day moving average price is $82.20 and its 200 day moving average price is $79.73.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data 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 net margin of 30.31% and a return on equity of 18.20%. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same period last year, the firm earned $0.74 EPS. As a group, research analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently announced 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 was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.22%. Charles Schwab's dividend payout ratio is currently 32.73%.

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.