Whelan Financial Acquires New Position in The Charles Schwab Corporation (NYSE:SCHW)

Whelan Financial acquired a new stake in shares of The Charles Schwab Corporation (NYSE:SCHW) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,906 shares of the financial services provider’s stock, valued at approximately $462,000.

A number of other institutional investors have also recently made changes to their positions in SCHW. Brighton Jones LLC boosted its holdings in shares of Charles Schwab by 380.5% during the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock valued at $1,794,000 after acquiring an additional 19,195 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Charles Schwab by 27.2% in the 4th quarter. Jones Financial Companies Lllp now owns 19,767 shares of the financial services provider’s stock worth $1,463,000 after purchasing an additional 4,230 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Charles Schwab in the 4th quarter worth approximately $441,000. Raymond James Financial Inc. bought a new position in shares of Charles Schwab in the 4th quarter worth approximately $189,791,000. Finally, Freestone Capital Holdings LLC lifted its stake in shares of Charles Schwab by 70.5% in the 4th quarter. Freestone Capital Holdings LLC now owns 6,770 shares of the financial services provider’s stock worth $501,000 after purchasing an additional 2,800 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

SCHW has been the topic of several recent research reports. Wells Fargo & Company lowered their price objective on shares of Charles Schwab from $93.00 to $87.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Cowen restated a “buy” rating on shares of Charles Schwab in a research note on Tuesday, May 20th. JMP Securities restated a “market outperform” rating and set a $94.00 target price on shares of Charles Schwab in a research note on Monday, April 21st. Truist Financial raised their target price on shares of Charles Schwab from $97.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, June 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of Charles Schwab from $92.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, April 21st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $89.40.

Charles Schwab Stock Performance

SCHW stock opened at $91.20 on Friday. 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 business has a 50-day moving average price of $87.44 and a 200 day moving average price of $80.83. The company has a market capitalization of $165.71 billion, a P/E ratio of 27.64, a PEG ratio of 0.98 and a beta of 0.93. The Charles Schwab Corporation has a 1-year low of $61.01 and a 1-year high of $92.15.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data 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 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 18.31% and a net margin of 31.71%. During the same period in the previous year, the company posted $0.74 earnings per share. As a group, equities research analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.18%. Charles Schwab’s payout ratio is currently 32.73%.

Insider Transactions at Charles Schwab

In related news, insider Nigel J. Murtagh sold 20,872 shares of Charles Schwab stock in a transaction dated 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. The trade was a 26.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction of $889,280.64. The disclosure for this sale can be found here. Insiders sold a total of 119,905 shares of company stock valued at $10,530,833 over the last three months. 6.30% of the stock is currently owned by corporate insiders.

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.