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

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

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Charles Schwab by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider's stock worth $9,516,075,000 after purchasing an additional 1,187,384 shares during the period. Geode Capital Management LLC increased its stake in shares of Charles Schwab by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider's stock worth $2,279,742,000 after buying an additional 760,043 shares during the period. Norges Bank purchased a new stake in Charles Schwab during the 4th quarter valued at $1,289,544,000. Northern Trust Corp increased its position in shares of Charles Schwab by 13.4% in the fourth quarter. Northern Trust Corp now owns 15,739,917 shares of the financial services provider's stock valued at $1,164,911,000 after acquiring an additional 1,864,286 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Charles Schwab by 3.0% during the fourth quarter. Invesco Ltd. now owns 14,842,544 shares of the financial services provider's stock valued at $1,098,497,000 after acquiring an additional 430,250 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Stock Performance

Shares of SCHW stock traded up $0.27 during trading hours on Monday, reaching $91.75. 1,751,433 shares of the company traded hands, compared to its average volume of 10,302,999. The firm has a 50-day moving average price of $87.44 and a 200 day moving average price of $80.88. The company has a market cap of $166.70 billion, a P/E ratio of 27.79, a P/E/G ratio of 0.98 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 12-month low of $61.01 and a 12-month high of $92.17.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. The business had revenue of $5.60 billion for the quarter, compared to the consensus estimate 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 firm earned $0.74 earnings per share. As a group, sell-side analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on SCHW. JPMorgan Chase & Co. raised their target price on Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Wells Fargo & Company decreased their target price on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Barclays cut their price target on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Keefe, Bruyette & Woods raised their target price on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 22nd. Finally, Morgan Stanley boosted their price target on shares of Charles Schwab from $76.00 to $83.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Charles Schwab currently has an average rating of "Moderate Buy" and a consensus target price of $89.40.

Insider Activity at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 10,176 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total value of $889,280.64. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jonathan S. Beatty sold 2,850 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $87.57, for a total value of $249,574.50. Following the transaction, the insider owned 15,219 shares of the company's stock, valued at $1,332,727.83. This represents a 15.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 119,905 shares of company stock worth $10,530,833 in the last three months. Corporate 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.