Whelan Financial Makes New Investment in The Charles Schwab Corporation (NYSE:SCHW)

Whelan Financial purchased a new position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,906 shares of the financial services provider's stock, valued at approximately $462,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SCHW. Sutton Place Investors LLC raised its position in Charles Schwab by 1.6% during the 1st quarter. Sutton Place Investors LLC now owns 8,677 shares of the financial services provider's stock worth $679,000 after buying an additional 140 shares during the last quarter. Novare Capital Management LLC increased its stake in shares of Charles Schwab by 5.3% in the first quarter. Novare Capital Management LLC now owns 11,835 shares of the financial services provider's stock worth $926,000 after acquiring an additional 597 shares during the period. Concurrent Investment Advisors LLC increased its stake in shares of Charles Schwab by 12.2% in the first quarter. Concurrent Investment Advisors LLC now owns 15,388 shares of the financial services provider's stock worth $1,205,000 after acquiring an additional 1,673 shares during the period. HM Payson & Co. raised its holdings in shares of Charles Schwab by 0.7% during the first quarter. HM Payson & Co. now owns 19,271 shares of the financial services provider's stock worth $1,509,000 after purchasing an additional 130 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Charles Schwab by 5.9% during the first quarter. Bank of New York Mellon Corp now owns 11,056,953 shares of the financial services provider's stock valued at $865,538,000 after purchasing an additional 618,101 shares during the period. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Price Performance

Shares of Charles Schwab stock traded down $0.14 during mid-day trading on Friday, reaching $91.20. 5,765,549 shares of the stock traded hands, compared to its average volume of 9,572,077. The stock has a market capitalization of $165.71 billion, a PE ratio of 27.64, a PEG ratio of 0.98 and a beta of 0.93. The business has a 50-day moving average of $87.44 and a 200 day moving average of $80.83. The Charles Schwab Corporation has a fifty-two week low of $61.01 and a fifty-two week high of $92.15. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.53.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued 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 18.31% and a net margin of 31.71%. The firm had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. During the same period in the previous year, the business earned $0.74 earnings per share. On average, analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is 32.73%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price target on Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Cowen reaffirmed a "buy" rating on shares of Charles Schwab in a report on Tuesday, May 20th. Wells Fargo & Company decreased 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. Citigroup upgraded Charles Schwab from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Finally, The Goldman Sachs Group raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab has an average rating of "Moderate Buy" and an average target price of $89.40.

Insider Transactions at Charles Schwab

In other news, insider Nigel J. Murtagh sold 20,872 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total value of $1,878,688.72. Following the completion of the sale, the insider directly owned 58,999 shares in the company, valued at $5,310,499.99. This represents a 26.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total value of $889,280.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 119,905 shares of company stock valued at $10,530,833. Company insiders own 6.30% of the company's stock.

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.