Whipplewood Advisors LLC Has $1.81 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

Whipplewood Advisors LLC raised its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 3,604.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,076 shares of the financial services provider's stock after purchasing an additional 22,453 shares during the period. Whipplewood Advisors LLC's holdings in Charles Schwab were worth $1,806,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Murphy & Mullick Capital Management Corp acquired a new stake in Charles Schwab during the fourth quarter worth approximately $38,000. Atala Financial Inc acquired a new stake in Charles Schwab during the 4th quarter worth approximately $41,000. Investors Research Corp grew its holdings in Charles Schwab by 75.2% in the 1st quarter. Investors Research Corp now owns 559 shares of the financial services provider's stock valued at $44,000 after buying an additional 240 shares in the last quarter. Knuff & Co LLC increased its position in Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock worth $45,000 after buying an additional 563 shares during the period. Finally, Financial Life Planners acquired a new stake in shares of Charles Schwab during the fourth quarter worth $46,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Charles Schwab

In related news, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction on Monday, April 21st. The shares were sold at an average price of $74.26, for a total transaction of $266,741.92. Following the completion of the transaction, the director now owns 172,162 shares of the company's stock, valued at $12,784,750.12. This trade represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul V. Woolway sold 8,614 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $80.00, for a total transaction of $689,120.00. Following the sale, the insider now directly owns 49,204 shares in the company, valued at $3,936,320. This trade represents a 14.90% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,608 shares of company stock worth $8,392,040. 6.30% of the stock is currently owned by company insiders.

Charles Schwab Price Performance

Shares of SCHW traded down $0.32 during mid-day trading on Thursday, reaching $87.17. The company had a trading volume of 6,167,560 shares, compared to its average volume of 9,389,310. The company's 50 day simple moving average is $81.35 and its 200 day simple moving average is $79.54. The company has a market capitalization of $158.38 billion, a price-to-earnings ratio of 29.15, a P/E/G ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $89.85. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same period last year, the company earned $0.74 earnings per share. Analysts expect that The Charles Schwab Co. 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. Shareholders of record on Friday, May 9th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Friday, May 9th. Charles Schwab's payout ratio is 32.73%.

Wall Street Analyst Weigh In

SCHW has been the topic of a number of recent research reports. Barclays lowered 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. The Goldman Sachs Group upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a research report on Friday, April 25th. Cowen reiterated a "buy" rating on shares of Charles Schwab in a research note on Tuesday, May 20th. Wells Fargo & Company lowered their price objective on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $85.00 to $102.00 in a report on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Charles Schwab has a consensus rating of "Moderate Buy" and a consensus price target of $89.63.

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.