Telos Capital Management Inc. Sells 1,454 Shares of The Charles Schwab Co. (NYSE:SCHW)

Telos Capital Management Inc. trimmed its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 15.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,764 shares of the financial services provider’s stock after selling 1,454 shares during the quarter. Telos Capital Management Inc.’s holdings in Charles Schwab were worth $575,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SCHW. Brookstone Capital Management grew its position in Charles Schwab by 5.2% during the third quarter. Brookstone Capital Management now owns 8,468 shares of the financial services provider’s stock valued at $549,000 after buying an additional 422 shares during the period. Future Financial Wealth Managment LLC purchased a new position in Charles Schwab during the third quarter valued at approximately $32,000. Daymark Wealth Partners LLC lifted its holdings in Charles Schwab by 0.7% during the third quarter. Daymark Wealth Partners LLC now owns 51,327 shares of the financial services provider’s stock valued at $3,327,000 after purchasing an additional 374 shares in the last quarter. Sanibel Captiva Trust Company Inc. purchased a new position in Charles Schwab during the third quarter valued at approximately $201,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in Charles Schwab by 8.8% during the third quarter. Bruce G. Allen Investments LLC now owns 3,010 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 244 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SCHW has been the topic of several analyst reports. Bank of America lowered their price target on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a report on Wednesday, October 16th. UBS Group lifted their price target on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, January 27th. Barclays lifted their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Redburn Partners lowered their price target on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a report on Friday, January 17th. Finally, Truist Financial reissued a “buy” rating and issued a $90.00 target price (up previously from $86.00) on shares of Charles Schwab in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and an average price target of $84.50.

Charles Schwab Trading Up 2.1 %

SCHW opened at $83.62 on Friday. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $83.94. The stock has a market cap of $148.81 billion, a price-to-earnings ratio of 27.96, a P/E/G ratio of 1.01 and a beta of 0.99. The stock’s 50 day moving average price is $77.97 and its 200-day moving average price is $71.57. 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) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the prior year, the firm earned $0.68 earnings per share. Charles Schwab’s revenue was up 19.5% compared to the same quarter last year. On average, equities analysts forecast that The Charles Schwab Co. will post 4.18 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.29%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio is currently 33.44%.

Insiders Place Their Bets

In other news, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the sale, the insider now owns 18,069 shares in the company, valued at approximately $1,391,674.38. This represents a 12.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Arun Sarin sold 8,548 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the sale, the director now owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. This represents a 31.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,014 shares of company stock worth $4,052,281 over the last 90 days. Company insiders own 6.60% 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.