Telos Capital Management Inc. Trims Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Telos Capital Management Inc. reduced its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 15.8% during the 4th quarter, Holdings Channel.com reports. 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 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. N.E.W. Advisory Services LLC grew its position in Charles Schwab by 1.7% during the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock worth $557,000 after purchasing an additional 125 shares during the period. Stablepoint Partners LLC grew its position in Charles Schwab by 1.1% during the 4th quarter. Stablepoint Partners LLC now owns 12,486 shares of the financial services provider’s stock worth $924,000 after purchasing an additional 141 shares during the period. Alliance Wealth Advisors LLC grew its position in Charles Schwab by 2.7% during the 3rd quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 142 shares during the period. Michael S. Ryan Inc. grew its position in Charles Schwab by 2.5% during the 4th quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 144 shares during the period. Finally, GS Investments Inc. grew its position in Charles Schwab by 0.3% during the 3rd quarter. GS Investments Inc. now owns 57,434 shares of the financial services provider’s stock worth $3,722,000 after purchasing an additional 146 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Trading Up 2.1 %

SCHW opened at $83.62 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The company’s 50 day simple moving average is $77.97 and its two-hundred day simple moving average is $71.57. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $83.94. The firm has a market capitalization of $148.81 billion, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 1.01 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same period last year, the company posted $0.68 EPS. The business’s revenue was up 19.5% on a year-over-year basis. Analysts expect that The Charles Schwab Co. will post 4.18 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.27 dividend. 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. The ex-dividend date is Friday, February 14th. Charles Schwab’s dividend payout ratio (DPR) is 33.44%.

Insider Activity

In other news, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the sale, the insider now directly owns 18,069 shares in the company, valued at approximately $1,391,674.38. The trade was a 12.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,014 shares of company stock valued at $4,052,281. 6.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SCHW shares. Bank of America dropped their target price on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 16th. Citigroup raised their target price on Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their target price on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. raised their target price on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Finally, Morgan Stanley raised their target price on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $84.50.

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.