Whelan Financial Invests $462,000 in The Charles Schwab Corporation (NYSE:SCHW)

Whelan Financial purchased a new stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 5,906 shares of the financial services provider's stock, valued at approximately $462,000.

Several other large investors have also recently added to or reduced their stakes in SCHW. Atwood & Palmer Inc. bought a new position in Charles Schwab in the first quarter worth about $25,000. Westside Investment Management Inc. raised its holdings in shares of Charles Schwab by 75.0% during the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock valued at $27,000 after buying an additional 150 shares during the last quarter. WFA Asset Management Corp bought a new stake in shares of Charles Schwab during the first quarter valued at approximately $33,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $38,000. Finally, Beacon Capital Management LLC raised its holdings in shares of Charles Schwab by 53.1% during the first quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock valued at $38,000 after buying an additional 169 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of recent analyst reports. TD Securities lifted their price target on Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Citigroup lifted their price target on Charles Schwab from $102.00 to $105.00 and gave the company a "buy" rating in a report on Monday. Morgan Stanley boosted their target price on Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Redburn Atlantic upgraded shares of Charles Schwab from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $65.00 to $82.00 in a research report on Monday, June 9th. Finally, JMP Securities restated a "market outperform" rating and issued a $94.00 price target on shares of Charles Schwab in a research report on Monday, April 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, Charles Schwab currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.85.

Insider Buying and Selling at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 10,176 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total value of $889,280.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paula A. Sneed sold 8,647 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $88.06, for a total transaction of $761,454.82. Following the completion of the sale, the director directly owned 105,654 shares in the company, valued at approximately $9,303,891.24. The trade was a 7.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 119,905 shares of company stock valued at $10,530,833 in the last three months. Company insiders own 6.30% of the company's stock.

Charles Schwab Stock Performance

Charles Schwab stock traded up $0.36 on Wednesday, reaching $92.31. 4,184,463 shares of the stock were exchanged, compared to its average volume of 9,556,262. The stock has a market cap of $167.72 billion, a PE ratio of 27.97, a PEG ratio of 0.99 and a beta of 0.93. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53. The Charles Schwab Corporation has a twelve month low of $61.01 and a twelve month high of $92.80. The firm has a fifty day moving average price of $87.91 and a two-hundred day moving average price of $81.08.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. During the same quarter in the previous year, the business earned $0.74 EPS. Sell-side analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Friday, May 9th. Charles Schwab's dividend payout ratio is currently 32.73%.

Charles Schwab Company 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.